WillScot Holdings Corporation (NASDAQ:WSC) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 8,012.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 917,765 shares of the company's stock after buying an additional 906,452 shares during the period. Principal Financial Group Inc. owned approximately 0.50% of WillScot worth $25,514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new position in WillScot in the fourth quarter valued at approximately $97,734,000. Franklin Resources Inc. lifted its stake in shares of WillScot by 34.4% in the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock valued at $345,020,000 after purchasing an additional 2,639,559 shares during the last quarter. Invesco Ltd. lifted its stake in shares of WillScot by 747.1% in the 4th quarter. Invesco Ltd. now owns 1,820,316 shares of the company's stock valued at $60,890,000 after purchasing an additional 1,605,436 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of WillScot by 1,246.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,229,196 shares of the company's stock worth $41,117,000 after purchasing an additional 1,137,890 shares during the period. Finally, Capital International Investors increased its position in shares of WillScot by 20.3% during the 4th quarter. Capital International Investors now owns 5,307,738 shares of the company's stock worth $177,544,000 after purchasing an additional 897,184 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at WillScot

In other WillScot news, Director Dominick P. Zarcone purchased 10,000 shares of WillScot stock in a transaction that occurred on Tuesday, June 17th. The stock was purchased at an average price of $26.19 per share, for a total transaction of $261,900.00. Following the transaction, the director directly owned 15,384 shares in the company, valued at $402,906.96. This trade represents a 185.74% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the purchase, the chief executive officer owned 128,817 shares of the company's stock, valued at $3,451,007.43. This trade represents a 8.42% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.10% of the company's stock.

Analyst Upgrades and Downgrades

WSC has been the subject of several research analyst reports. Morgan Stanley increased their target price on shares of WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. William Blair reaffirmed a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Finally, Barclays cut their target price on WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, WillScot has an average rating of "Moderate Buy" and a consensus target price of $40.63.

WillScot Stock Down 0.9%

NASDAQ:WSC traded down $0.28 during trading hours on Friday, hitting $30.40. The company's stock had a trading volume of 1,425,011 shares, compared to its average volume of 2,677,069. WillScot Holdings Corporation has a 52-week low of $21.91 and a 52-week high of $43.80. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 3.56. The stock has a market capitalization of $5.54 billion, a P/E ratio of 337.82, a price-to-earnings-growth ratio of 1.67 and a beta of 1.24. The stock has a fifty day moving average of $27.94 and a 200-day moving average of $30.28.

WillScot (NASDAQ:WSC - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.04). The business had revenue of $559.55 million for the quarter, compared to analyst estimates of $555.51 million. WillScot had a return on equity of 26.28% and a net margin of 0.63%. WillScot's revenue was down 4.7% on a year-over-year basis. During the same period last year, the business posted $0.29 EPS. On average, equities analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given a $0.07 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a yield of 0.92%. WillScot's dividend payout ratio (DPR) is presently 311.11%.

WillScot 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.