Wedbush Securities Inc. reduced its position in shares of Mobile Mini Inc (NASDAQ:MINI) by 54.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,614 shares of the industrial products company’s stock after selling 21,205 shares during the period. Wedbush Securities Inc.’s holdings in Mobile Mini were worth $608,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. increased its holdings in Mobile Mini by 2.8% during the 4th quarter. BlackRock Inc. now owns 5,575,819 shares of the industrial products company’s stock worth $192,366,000 after purchasing an additional 153,640 shares in the last quarter. Jennison Associates LLC increased its holdings in Mobile Mini by 13.3% during the 4th quarter. Jennison Associates LLC now owns 3,300,023 shares of the industrial products company’s stock worth $113,851,000 after purchasing an additional 388,252 shares in the last quarter. Riverbridge Partners LLC increased its holdings in Mobile Mini by 53.6% during the 3rd quarter. Riverbridge Partners LLC now owns 1,330,145 shares of the industrial products company’s stock worth $45,823,000 after purchasing an additional 464,332 shares in the last quarter. State Street Corp increased its holdings in Mobile Mini by 5.4% during the 2nd quarter. State Street Corp now owns 1,144,832 shares of the industrial products company’s stock worth $34,179,000 after purchasing an additional 58,990 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its holdings in Mobile Mini by 5.7% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 938,224 shares of the industrial products company’s stock worth $32,322,000 after purchasing an additional 50,391 shares in the last quarter.
Several research firms have recently issued reports on MINI. Robert W. Baird set a $46.00 target price on Mobile Mini and gave the company a “hold” rating in a report on Monday, February 5th. Zacks Investment Research raised Mobile Mini from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Thursday, February 8th. SunTrust Banks upped their target price on Mobile Mini to $44.00 and gave the company a “hold” rating in a report on Monday, February 5th. They noted that the move was a valuation call. Sidoti raised Mobile Mini from a “neutral” rating to a “buy” rating and set a $52.00 target price for the company in a report on Monday, February 5th. Finally, Oppenheimer upped their target price on Mobile Mini from $36.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $45.71.
In other Mobile Mini news, Director Stephen A. Mcconnell sold 4,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $36.10, for a total transaction of $144,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.50% of the stock is currently owned by corporate insiders.
Mobile Mini Inc (MINI) opened at $42.55 on Thursday. The stock has a market capitalization of $1,903.54, a P/E ratio of 15.47, a PEG ratio of 1.85 and a beta of 2.29. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 0.35. Mobile Mini Inc has a twelve month low of $26.70 and a twelve month high of $46.10.
Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings data on Friday, February 2nd. The industrial products company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.05. Mobile Mini had a return on equity of 6.49% and a net margin of 22.91%. The business had revenue of $146.70 million during the quarter, compared to analyst estimates of $140.60 million. During the same period in the prior year, the company earned $0.48 earnings per share. Mobile Mini’s revenue was up 11.5% compared to the same quarter last year. analysts anticipate that Mobile Mini Inc will post 1.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.35%. This is a positive change from Mobile Mini’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, February 27th. Mobile Mini’s dividend payout ratio is 33.09%.
Mobile Mini Profile
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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