Entropy Technologies LP Acquires New Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Entropy Technologies LP purchased a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,316 shares of the company's stock, valued at approximately $613,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new stake in WillScot Mobile Mini during the third quarter valued at about $25,000. Hexagon Capital Partners LLC grew its holdings in shares of WillScot Mobile Mini by 200.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company's stock worth $34,000 after purchasing an additional 600 shares during the period. Financial Management Professionals Inc. purchased a new stake in shares of WillScot Mobile Mini during the 3rd quarter worth about $36,000. Summit Securities Group LLC acquired a new stake in WillScot Mobile Mini during the 2nd quarter worth approximately $56,000. Finally, CWM LLC raised its holdings in WillScot Mobile Mini by 80.3% in the second quarter. CWM LLC now owns 1,635 shares of the company's stock valued at $62,000 after buying an additional 728 shares during the period. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Mobile Mini Stock Down 1.7 %

Shares of WSC stock traded down $0.60 during mid-day trading on Friday, reaching $34.38. 3,801,788 shares of the company were exchanged, compared to its average volume of 2,286,589. The company has a market capitalization of $6.35 billion, a P/E ratio of 311.48, a P/E/G ratio of 2.23 and a beta of 1.37. The business's 50 day simple moving average is $37.94 and its 200 day simple moving average is $38.24. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $32.71 and a fifty-two week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The company had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. During the same period in the previous year, the firm posted $0.46 EPS. WillScot Mobile Mini's revenue for the quarter was down .6% on a year-over-year basis. Research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WSC. Bank of America dropped their price objective on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $46.00 to $35.00 in a research note on Thursday, October 31st. DA Davidson lowered their target price on WillScot Mobile Mini from $54.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, August 5th. Oppenheimer reduced their price target on WillScot Mobile Mini from $53.00 to $46.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd. Finally, Robert W. Baird lowered their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $45.00.

Insider Buying and Selling at WillScot Mobile Mini

In other news, EVP Hezron T. Lopez sold 20,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.38, for a total transaction of $787,600.00. Following the completion of the transaction, the executive vice president now directly owns 57,918 shares of the company's stock, valued at approximately $2,280,810.84. This represents a 25.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the business's stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average cost of $36.38 per share, for a total transaction of $181,900.00. Following the acquisition, the chief executive officer now owns 144,686 shares in the company, valued at approximately $5,263,676.68. The trade was a 3.58 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 15,000 shares of company stock worth $553,800 over the last quarter. 3.30% of the stock is owned by corporate insiders.

About WillScot Mobile Mini

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.