Principal Financial Group Inc. Sells 1,343 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Principal Financial Group Inc. decreased its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 9.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,090 shares of the company’s stock after selling 1,343 shares during the period. Principal Financial Group Inc.’s holdings in WillScot Mobile Mini were worth $492,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Asset Management Inc grew its holdings in WillScot Mobile Mini by 21.9% during the 2nd quarter. TD Asset Management Inc now owns 67,632 shares of the company’s stock worth $2,546,000 after acquiring an additional 12,144 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of WillScot Mobile Mini by 6.7% during the second quarter. Victory Capital Management Inc. now owns 148,225 shares of the company’s stock valued at $5,579,000 after purchasing an additional 9,277 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of WillScot Mobile Mini by 1.0% in the second quarter. Arizona State Retirement System now owns 53,184 shares of the company’s stock valued at $2,002,000 after purchasing an additional 520 shares in the last quarter. Malaga Cove Capital LLC bought a new position in WillScot Mobile Mini in the 2nd quarter worth approximately $227,000. Finally, Headlands Technologies LLC lifted its holdings in WillScot Mobile Mini by 323.1% during the 2nd quarter. Headlands Technologies LLC now owns 30,946 shares of the company’s stock worth $1,165,000 after buying an additional 23,632 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 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 represents a 25.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of $36.38 per share, for a total transaction of $181,900.00. Following the completion of the transaction, the chief executive officer now owns 144,686 shares of the company’s stock, valued at $5,263,676.68. This trade represents a 3.58 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 15,000 shares of company stock worth $533,900 and sold 36,959 shares worth $1,382,636. 3.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

WillScot Mobile Mini Stock Up 1.9 %

WillScot Mobile Mini stock opened at $33.95 on Monday. The company has a fifty day simple moving average of $36.34 and a 200 day simple moving average of $37.42. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 1-year low of $32.57 and a 1-year high of $52.16. The company has a market cap of $6.27 billion, a P/E ratio of 308.66, a price-to-earnings-growth ratio of 2.12 and a beta of 1.40.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data 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). The company had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. WillScot Mobile Mini’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. Research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

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.