WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 9.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,090 shares of the company’s stock after selling 1,343 shares during the quarter. 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.

Several other institutional investors and hedge funds have also made changes to their positions in WSC. Retirement Systems of Alabama increased its stake in WillScot Mobile Mini by 7.9% during the third quarter. Retirement Systems of Alabama now owns 124,985 shares of the company’s stock valued at $4,699,000 after purchasing an additional 9,159 shares during the last quarter. Tidal Investments LLC grew its position in shares of WillScot Mobile Mini by 44.6% during the 3rd quarter. Tidal Investments LLC now owns 11,975 shares of the company’s stock valued at $450,000 after buying an additional 3,692 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of WillScot Mobile Mini by 23.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 16,369 shares of the company’s stock valued at $594,000 after buying an additional 3,093 shares during the last quarter. Virtu Financial LLC acquired a new stake in WillScot Mobile Mini during the third quarter worth about $468,000. Finally, TD Private Client Wealth LLC lifted its holdings in WillScot Mobile Mini by 46.6% in the third quarter. TD Private Client Wealth LLC now owns 10,411 shares of the company’s stock worth $391,000 after acquiring an additional 3,308 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Mobile Mini Stock Performance

Shares of WSC opened at $33.95 on Monday. WillScot Mobile Mini Holdings Corp. has a 52 week low of $32.57 and a 52 week high of $52.16. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The company has a market capitalization of $6.27 billion, a PE ratio of 308.66, a PEG ratio of 2.12 and a beta of 1.40. The company’s 50 day moving average price is $36.34 and its 200 day moving average price is $37.42.

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, CAO Sally J. Shanks sold 14,059 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was 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 owns 26,113 shares of the company’s stock, valued at approximately $905,859.97. The trade was a 35.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Hezron T. Lopez sold 20,000 shares of the company’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Over the last three months, insiders have acquired 15,000 shares of company stock valued at $533,900 and have sold 36,959 shares valued at $1,382,636. Company insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Company 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.