Carnegie Lake Advisors LLC Has $1.83 Million Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Carnegie Lake Advisors LLC increased its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,580 shares of the company’s stock after buying an additional 280 shares during the period. Carnegie Lake Advisors LLC’s holdings in WillScot Mobile Mini were worth $1,826,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of WillScot Mobile Mini in the 3rd quarter valued at about $25,000. Financial Management Professionals Inc. acquired a new stake in shares of WillScot Mobile Mini in the 3rd quarter valued at about $36,000. First Horizon Advisors Inc. grew its stake in shares of WillScot Mobile Mini by 16.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after buying an additional 302 shares during the period. KBC Group NV grew its stake in shares of WillScot Mobile Mini by 14.7% in the 3rd quarter. KBC Group NV now owns 5,110 shares of the company’s stock valued at $192,000 after buying an additional 655 shares during the period. Finally, Stephens Inc. AR acquired a new stake in shares of WillScot Mobile Mini in the 3rd quarter valued at about $200,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Mobile Mini Price Performance

WillScot Mobile Mini stock opened at $37.70 on Tuesday. WillScot Mobile Mini Holdings Corp. has a 52 week low of $32.57 and a 52 week high of $52.16. The company’s 50 day moving average price is $35.92 and its two-hundred day moving average price is $37.02. 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 stock has a market cap of $6.97 billion, a P/E ratio of 342.76, a P/E/G ratio of 1.93 and a beta of 1.41.

Insiders Place Their Bets

In related news, insider Graeme Parkes sold 2,900 shares of WillScot Mobile Mini stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total value of $107,329.00. Following the sale, the insider now owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average cost of $35.41 per share, for a total transaction of $177,050.00. Following the acquisition, the chief executive officer now directly owns 144,686 shares in the company, valued at $5,123,331.26. This trade represents 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Robert W. Baird cut their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price target for the company from $46.00 to $35.00 in a research note on Thursday, October 31st. Finally, Barclays cut their price target on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $45.50.

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.