Principal Financial Group Inc. Has $492,000 Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Principal Financial Group Inc. cut its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 9.3% in the third quarter, HoldingsChannel reports. The fund 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 large investors also recently modified their holdings of the company. Clearbridge Investments LLC lifted its stake in WillScot Mobile Mini by 2.6% in the 2nd quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock valued at $221,591,000 after acquiring an additional 148,973 shares in the last quarter. Boston Partners lifted its position in shares of WillScot Mobile Mini by 66.0% in the first quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after purchasing an additional 2,159,958 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in WillScot Mobile Mini by 102.9% during the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock worth $174,796,000 after purchasing an additional 2,355,445 shares during the last quarter. Swedbank AB boosted its holdings in WillScot Mobile Mini by 229.2% during the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after purchasing an additional 2,246,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in WillScot Mobile Mini by 18.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,596,990 shares of the company’s stock valued at $97,755,000 after purchasing an additional 411,808 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Mobile Mini Stock Up 2.4 %

WSC stock opened at $36.30 on Monday. The company’s 50 day moving average is $37.62 and its 200 day moving average is $38.13. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 330.03, a price-to-earnings-growth ratio of 2.19 and a beta of 1.37. 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 $32.71 and a 1-year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). The business 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 company’s revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share. Sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Insider Activity at WillScot Mobile Mini

In related news, Director Gerard E. Holthaus bought 5,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average cost of $34.99 per share, for a total transaction of $174,950.00. Following the purchase, the director now owns 411,221 shares in the company, valued at approximately $14,388,622.79. This represents a 1.23 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sally J. Shanks sold 14,059 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.69, for a total transaction of $487,706.71. Following the sale, the chief accounting officer now directly owns 26,113 shares of the company’s stock, valued at $905,859.97. The trade was a 35.00 % decrease in their position. The disclosure for this sale can be found here. Insiders acquired a total of 20,000 shares of company stock worth $728,750 over the last quarter. 3.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WSC. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $46.00 to $35.00 in a research note on Thursday, October 31st. Stifel Nicolaus dropped their price target on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Bank of America cut their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Barclays lowered their price objective on shares of 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, Robert W. Baird cut 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 note on Thursday, October 31st. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.00.

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.