Principal Financial Group Inc. Trims Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Principal Financial Group Inc. reduced its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 9.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & 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 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Malaga Cove Capital LLC grew its stake in WillScot Mobile Mini by 94.3% during the third quarter. Malaga Cove Capital LLC now owns 11,735 shares of the company’s stock valued at $441,000 after acquiring an additional 5,695 shares in the last quarter. Bislett Management LLC grew its position in shares of WillScot Mobile Mini by 3.1% during the third quarter. Bislett Management LLC now owns 1,170,000 shares of the company’s stock valued at $43,992,000 after purchasing an additional 35,000 shares in the last quarter. River Road Asset Management LLC increased its holdings in shares of WillScot Mobile Mini by 4.7% in the third quarter. River Road Asset Management LLC now owns 1,409,803 shares of the company’s stock worth $53,009,000 after purchasing an additional 63,752 shares during the last quarter. Cannon Global Investment Management LLC purchased a new stake in shares of WillScot Mobile Mini in the third quarter worth about $564,000. Finally, Empire Life Investments Inc. boosted its stake in WillScot Mobile Mini by 50.8% during the third quarter. Empire Life Investments Inc. now owns 547,751 shares of the company’s stock valued at $20,595,000 after buying an additional 184,577 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Hezron T. Lopez sold 20,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.38, for a total transaction of $787,600.00. Following the transaction, the executive vice president now directly owns 57,918 shares of the company’s stock, valued at approximately $2,280,810.84. This trade represents a 25.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sally J. Shanks sold 14,059 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.69, for a total transaction of $487,706.71. Following the transaction, the chief accounting officer now owns 26,113 shares in the company, valued at $905,859.97. This represents a 35.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 20,000 shares of company stock worth $728,750. 3.30% of the stock is currently owned by corporate insiders.

WillScot Mobile Mini Trading Up 2.4 %

NASDAQ WSC opened at $36.30 on Monday. WillScot Mobile Mini Holdings Corp. has a one year low of $32.71 and a one year high of $52.16. The firm has a market cap of $6.71 billion, a PE ratio of 330.03, a P/E/G ratio of 2.19 and a beta of 1.37. The firm’s fifty day moving average is $37.62 and its two-hundred day moving average is $38.13. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90.

WillScot Mobile Mini (NASDAQ:WSC) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 EPS 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 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 for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Oppenheimer dropped their target price on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. DA Davidson dropped their price target on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Stifel Nicolaus decreased 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 note on Friday, August 2nd. Barclays cut their target price on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price target for the stock from $46.00 to $35.00 in a research note on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, WillScot Mobile Mini currently has a consensus rating of “Hold” and a consensus price target of $45.00.

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.