Principal Financial Group Inc. Sells 1,777 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Principal Financial Group Inc. trimmed its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 13.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,313 shares of the company’s stock after selling 1,777 shares during the period. Principal Financial Group Inc.’s holdings in WillScot Mobile Mini were worth $378,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WSC. First Horizon Advisors Inc. grew its stake in WillScot Mobile Mini by 16.4% during the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after acquiring an additional 302 shares in the last quarter. KBC Group NV grew its stake in WillScot Mobile Mini by 14.7% during the third quarter. KBC Group NV now owns 5,110 shares of the company’s stock valued at $192,000 after acquiring an additional 655 shares in the last quarter. Stephens Inc. AR purchased a new position in WillScot Mobile Mini during the third quarter valued at $200,000. Avanza Fonder AB purchased a new position in WillScot Mobile Mini during the fourth quarter valued at $224,000. Finally, Everence Capital Management Inc. purchased a new position in WillScot Mobile Mini during the fourth quarter valued at $279,000. 95.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Graeme Parkes sold 2,900 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total transaction of $107,329.00. Following the completion of the sale, the insider now owns 72,818 shares in the company, valued at $2,694,994.18. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.22.

WillScot Mobile Mini Price Performance

WSC stock opened at $28.07 on Friday. WillScot Mobile Mini Holdings Corp. has a 12 month low of $27.58 and a 12 month high of $47.71. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The company has a 50-day moving average price of $35.49 and a 200 day moving average price of $36.70. The stock has a market cap of $5.15 billion, a PE ratio of 187.15, a P/E/G ratio of 2.18 and a beta of 1.45.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The firm had revenue of $602.52 million during the quarter, compared to analysts’ expectations of $606.55 million. Equities research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Dividend Announcement

The company also recently declared a — dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio is presently 186.67%.

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.