Zacks Investment Research upgraded shares of Mobile Mini (NASDAQ:MINI) from a sell rating to a hold rating in a research note published on Tuesday morning.
According to Zacks, “Mobile Mini, Inc. is the world’s leading provider of portable storage solutions through its total rental fleet of approximately 210,900 storage solutions containers and office units and a leading provider of tank and pump solutions in the U.S., with a rental fleet of approximately 12,000 units. Mobile Mini’s network is comprised of 156 locations in the U.S., U.K., and Canada. Mobile Mini international presence and diverse fleet enables to meet customers’ storage and tank-and-pump rental requirements whenever and wherever they need. Mobile Mini is committed to providing the most secure and convenient storage, tank and pump solutions. Mobile Mini Company takes pride in convenience, customer service, and high-security products, and Mobile Mini are always looking for ways to improve services and exceed your expectations. “
MINI has been the topic of a number of other reports. ValuEngine lowered Mobile Mini from a buy rating to a hold rating in a research report on Friday, November 23rd. BidaskClub lowered Mobile Mini from a hold rating to a sell rating in a research report on Saturday, March 9th. Oppenheimer decreased their price objective on Mobile Mini from $47.00 to $40.00 and set an outperform rating on the stock in a research report on Monday, February 4th. Finally, TheStreet lowered Mobile Mini from a b rating to a c rating in a research report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Mobile Mini has a consensus rating of Hold and an average price target of $47.33.
Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings data on Friday, February 1st. The industrial products company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.04). The firm had revenue of $160.90 million during the quarter, compared to the consensus estimate of $155.55 million. Mobile Mini had a negative net margin of 1.36% and a positive return on equity of 8.74%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 earnings per share. Analysts forecast that Mobile Mini will post 1.96 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 27th were given a $0.275 dividend. This is a positive change from Mobile Mini’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Tuesday, February 26th. Mobile Mini’s dividend payout ratio (DPR) is currently 67.07%.
In related news, Director Stephen A. Mcconnell purchased 2,000 shares of Mobile Mini stock in a transaction dated Tuesday, December 18th. The shares were acquired at an average cost of $31.85 per share, for a total transaction of $63,700.00. Following the transaction, the director now directly owns 86,789 shares of the company’s stock, valued at $2,764,229.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.30% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of MINI. First Trust Advisors LP boosted its position in shares of Mobile Mini by 16.6% in the 3rd quarter. First Trust Advisors LP now owns 83,566 shares of the industrial products company’s stock worth $3,664,000 after purchasing an additional 11,876 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Mobile Mini by 8.1% in the 3rd quarter. Victory Capital Management Inc. now owns 21,134 shares of the industrial products company’s stock worth $927,000 after purchasing an additional 1,576 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Mobile Mini by 3.3% in the 3rd quarter. Wells Fargo & Company MN now owns 118,200 shares of the industrial products company’s stock worth $5,183,000 after purchasing an additional 3,775 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Mobile Mini by 205.7% in the 3rd quarter. SG Americas Securities LLC now owns 35,365 shares of the industrial products company’s stock worth $1,551,000 after purchasing an additional 23,797 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in shares of Mobile Mini by 24.2% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 458,364 shares of the industrial products company’s stock worth $20,099,000 after purchasing an additional 89,323 shares during the last quarter. Institutional investors and hedge funds own 98.05% of the company’s stock.
Mobile Mini Company Profile
Mobile Mini, Inc provides portable storage and specialty containment solutions. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices serving construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for application in the storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods.
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