Zacks Investment Research upgraded shares of Mobile Mini (NASDAQ:MINI) from a sell rating to a hold rating in a research report report published on Wednesday, December 27th.
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. “
A number of other equities research analysts have also recently commented on the stock. SunTrust Banks reiterated a hold rating on shares of Mobile Mini in a research report on Sunday, October 22nd. Sidoti reiterated a neutral rating on shares of Mobile Mini in a research report on Friday, October 13th. KeyCorp reissued a hold rating on shares of Mobile Mini in a report on Wednesday, October 4th. Robert W. Baird set a $34.00 price objective on shares of Mobile Mini and gave the company a hold rating in a report on Sunday, September 10th. Finally, Needham & Company LLC reissued a buy rating and issued a $38.00 price objective on shares of Mobile Mini in a report on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $37.00.
Shares of Mobile Mini (NASDAQ MINI) opened at $37.55 on Wednesday. The company has a market cap of $1,671.11, a PE ratio of 33.53, a PEG ratio of 1.97 and a beta of 2.35. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.18 and a quick ratio of 0.15. Mobile Mini has a 12-month low of $26.70 and a 12-month high of $38.00.
Mobile Mini (NASDAQ:MINI) last issued its earnings results on Friday, October 20th. The industrial products company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.05). The business had revenue of $136.64 million during the quarter, compared to analyst estimates of $133.73 million. Mobile Mini had a net margin of 9.59% and a return on equity of 7.17%. Mobile Mini’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share. sell-side analysts anticipate that Mobile Mini will post 1.11 EPS for the current fiscal year.
In related news, Director Stephen A. Mcconnell sold 4,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $36.10, for a total value of $144,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in MINI. Dynamic Technology Lab Private Ltd boosted its stake in Mobile Mini by 103.3% during the second quarter. Dynamic Technology Lab Private Ltd now owns 17,623 shares of the industrial products company’s stock worth $526,000 after buying an additional 8,953 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in Mobile Mini by 19.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 142,312 shares of the industrial products company’s stock worth $4,248,000 after buying an additional 23,216 shares during the period. Riverbridge Partners LLC boosted its stake in Mobile Mini by 53.6% during the third quarter. Riverbridge Partners LLC now owns 1,330,145 shares of the industrial products company’s stock worth $45,823,000 after buying an additional 464,332 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Mobile Mini by 17.2% during the second quarter. Parametric Portfolio Associates LLC now owns 104,731 shares of the industrial products company’s stock worth $3,126,000 after buying an additional 15,342 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in Mobile Mini by 6.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 251,130 shares of the industrial products company’s stock worth $7,497,000 after buying an additional 14,900 shares during the period.
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About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc (ETS), is a provider of specialty containment solutions in the United States. The Company manages its business as two portable storage solutions business segments, North America and the U.K., and one specialty containment business segment.
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