Edgestream Partners L.P. Sells 36,606 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Edgestream Partners L.P. lessened its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 79.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,404 shares of the company’s stock after selling 36,606 shares during the quarter. Edgestream Partners L.P.’s holdings in WillScot Mobile Mini were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on WSC shares. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Robert W. Baird reduced their price target on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Finally, Barclays reduced their target price on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, WillScot Mobile Mini presently has an average rating of “Hold” and a consensus target price of $45.00.

Insider Buying and Selling at WillScot Mobile Mini

In other WillScot Mobile Mini news, EVP Hezron T. Lopez sold 20,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.38, for a total transaction of $787,600.00. Following the completion of the sale, the executive vice president now owns 57,918 shares in the company, valued at approximately $2,280,810.84. The trade was a 25.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gerard E. Holthaus purchased 5,000 shares of WillScot Mobile Mini stock in a transaction dated Tuesday, November 19th. The stock was bought at an average price of $34.99 per share, for a total transaction of $174,950.00. Following the completion of the transaction, the director now directly owns 411,221 shares in the company, valued at $14,388,622.79. The trade was a 1.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 20,000 shares of company stock worth $728,750. Company insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Stock Performance

WSC stock opened at $39.16 on Friday. The company has a 50 day moving average price of $37.39 and a 200 day moving average price of $38.03. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $32.71 and a fifty-two week high of $52.16. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The stock has a market capitalization of $7.24 billion, a PE ratio of 356.03, a price-to-earnings-growth ratio of 2.37 and a beta of 1.38.

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

WillScot Mobile Mini Profile

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.