Zacks Investment Research lowered shares of Mobile Mini (NASDAQ:MINI) from a hold rating to a sell rating in a research note published on Wednesday 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. “
Several other equities analysts have also commented on MINI. ValuEngine lowered Mobile Mini from a hold rating to a sell rating in a research report on Wednesday, February 20th. BidaskClub lowered Mobile Mini from a hold rating to a sell rating in a research report on Wednesday, February 20th. Oppenheimer lowered their price target on Mobile Mini from $47.00 to $40.00 and set an outperform rating for the company 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 issued a hold rating and three have issued a buy rating to the stock. Mobile Mini has a consensus rating of Hold and an average target price of $47.33.
Shares of Mobile Mini stock opened at $37.30 on Wednesday. The company has a quick ratio of 0.19, a current ratio of 0.21 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.32 and a beta of 1.85. Mobile Mini has a 12 month low of $29.46 and a 12 month high of $50.40.
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 consensus estimate of $0.57 by ($0.04). The firm had revenue of $160.90 million for the quarter, compared to analysts’ expectations of $155.55 million. Mobile Mini had a negative net margin of 1.36% and a positive return on equity of 8.74%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 EPS. Sell-side analysts anticipate that Mobile Mini will post 1.96 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 27th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Tuesday, February 26th. This is a positive change from Mobile Mini’s previous quarterly dividend of $0.25. Mobile Mini’s payout ratio is currently 60.98%.
In related news, Director Stephen A. Mcconnell purchased 2,000 shares of the stock in a transaction dated Tuesday, December 18th. The stock was purchased at an average price of $31.85 per share, with a total value of $63,700.00. Following the transaction, the director now directly owns 86,789 shares in the company, valued at $2,764,229.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.30% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Mobile Mini by 0.5% in the 4th quarter. BlackRock Inc. now owns 6,501,515 shares of the industrial products company’s stock worth $206,425,000 after purchasing an additional 35,387 shares during the last quarter. Vanguard Group Inc raised its position in Mobile Mini by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 4,610,861 shares of the industrial products company’s stock worth $202,187,000 after buying an additional 91,893 shares during the last quarter. Vanguard Group Inc. raised its position in Mobile Mini by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 4,610,861 shares of the industrial products company’s stock worth $202,187,000 after buying an additional 91,893 shares during the last quarter. Bank of New York Mellon Corp raised its position in Mobile Mini by 3.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 743,063 shares of the industrial products company’s stock worth $32,584,000 after buying an additional 25,408 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Mobile Mini by 0.3% in the 4th quarter. Fisher Asset Management LLC now owns 598,456 shares of the industrial products company’s stock worth $19,001,000 after buying an additional 1,919 shares during the last quarter. 97.00% of the stock is owned by hedge funds and other institutional investors.
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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