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

Entropy Technologies LP acquired a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 16,316 shares of the company’s stock, valued at approximately $613,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WSC. Baupost Group LLC MA purchased a new position in shares of WillScot Mobile Mini during the second quarter worth about $92,971,000. William Blair Investment Management LLC grew its holdings in shares of WillScot Mobile Mini by 102.9% during the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock worth $174,796,000 after buying an additional 2,355,445 shares during the last quarter. Swedbank AB grew its holdings in shares of WillScot Mobile Mini by 229.2% during the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after buying an additional 2,246,000 shares during the last quarter. Boston Partners grew its holdings in shares of WillScot Mobile Mini by 66.0% during the first quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after buying an additional 2,159,958 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in WillScot Mobile Mini by 112.0% in the first quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock valued at $181,630,000 after purchasing an additional 2,063,746 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Wall Street Analyst Weigh In

WSC has been the subject of a number of recent analyst reports. Stifel Nicolaus reduced their price objective on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Oppenheimer reduced their price objective on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Robert W. Baird reduced their price target 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. Bank of America reduced their price target 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. Finally, Barclays reduced their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $45.00.

WillScot Mobile Mini Trading Down 5.4 %

Shares of WSC opened at $34.98 on Friday. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 318.03, a price-to-earnings-growth ratio of 2.28 and a beta of 1.37. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. WillScot Mobile Mini Holdings Corp. has a 1-year low of $32.71 and a 1-year high of $52.16. The firm has a 50 day simple moving average of $37.97 and a 200-day simple moving average of $38.26.

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

Insiders Place Their Bets

In other WillScot Mobile Mini news, EVP Hezron T. Lopez sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $39.38, for a total value of $787,600.00. Following the transaction, the executive vice president now directly owns 57,918 shares of the company’s stock, valued at $2,280,810.84. This trade represents a 25.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was bought at an average price of $35.41 per share, with a total value of $177,050.00. Following the purchase, the chief executive officer now owns 144,686 shares of the company’s stock, valued at approximately $5,123,331.26. This represents a 3.58 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 15,000 shares of company stock valued at $553,800. Company insiders own 3.30% of the company’s stock.

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.