Carnegie Lake Advisors LLC Acquires 280 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Carnegie Lake Advisors LLC raised its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 0.5% during the fourth quarter, HoldingsChannel reports. The fund owned 54,580 shares of the company’s stock after purchasing an additional 280 shares during the quarter. Carnegie Lake Advisors LLC’s holdings in WillScot Mobile Mini were worth $1,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Creative Planning grew its position in shares of WillScot Mobile Mini by 21.1% during the 2nd quarter. Creative Planning now owns 11,855 shares of the company’s stock valued at $446,000 after purchasing an additional 2,068 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in WillScot Mobile Mini in the second quarter worth $514,000. Douglas Lane & Associates LLC purchased a new position in WillScot Mobile Mini in the third quarter worth $7,830,000. Swedbank AB grew its position in WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after acquiring an additional 2,246,000 shares in the last quarter. Finally, Sumitomo Life Insurance Co. grew its position in WillScot Mobile Mini by 1.9% in the third quarter. Sumitomo Life Insurance Co. now owns 44,107 shares of the company’s stock worth $1,658,000 after acquiring an additional 824 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

Insider Activity

In other news, CAO Sally J. Shanks sold 14,059 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.69, for a total transaction of $487,706.71. Following the completion of the transaction, the chief accounting officer now directly owns 26,113 shares of the company’s stock, valued at approximately $905,859.97. This represents a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were purchased at an average cost of $35.41 per share, with a total value of $177,050.00. Following the completion of the purchase, the chief executive officer now owns 144,686 shares of the company’s stock, valued at approximately $5,123,331.26. The trade was a 3.58 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Robert W. Baird cut their target price 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. Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their target price for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Barclays cut their target price 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. Finally, Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.50.

WillScot Mobile Mini Stock Performance

WillScot Mobile Mini stock opened at $37.70 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The company has a market capitalization of $6.97 billion, a PE ratio of 342.76, a P/E/G ratio of 1.93 and a beta of 1.41. The firm has a fifty day simple moving average of $35.92 and a two-hundred day simple moving average of $37.02. WillScot Mobile Mini Holdings Corp. has a twelve month low of $32.57 and a twelve month high of $52.16.

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.