Principal Financial Group Inc. boosted its position in Mobile Mini Inc. (NASDAQ:MINI) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 318,709 shares of the company’s stock after buying an additional 6,870 shares during the period. Principal Financial Group Inc. owned approximately 0.72% of Mobile Mini worth $11,040,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Prudential Financial Inc. raised its position in shares of Mobile Mini by 0.8% in the second quarter. Prudential Financial Inc. now owns 108,244 shares of the company’s stock worth $3,750,000 after buying an additional 860 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Mobile Mini by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,732,922 shares of the company’s stock worth $129,306,000 after buying an additional 96,617 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Mobile Mini by 10.1% in the second quarter. Teacher Retirement System of Texas now owns 6,303 shares of the company’s stock worth $218,000 after buying an additional 579 shares during the last quarter. Bernzott Capital Advisors raised its position in shares of Mobile Mini by 125.9% in the second quarter. Bernzott Capital Advisors now owns 434,475 shares of the company’s stock worth $15,050,000 after buying an additional 242,150 shares during the last quarter. Finally, Commerce Bank raised its position in shares of Mobile Mini by 0.4% in the second quarter. Commerce Bank now owns 10,440 shares of the company’s stock worth $361,000 after buying an additional 40 shares during the last quarter.
Shares of Mobile Mini Inc. (NASDAQ:MINI) opened at 28.46 on Friday. The company’s 50-day moving average price is $29.71 and its 200 day moving average price is $32.37. Mobile Mini Inc. has a one year low of $24.13 and a one year high of $38.13. The company has a market cap of $1.26 billion, a P/E ratio of 33.48 and a beta of 2.12.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.05. The business earned $124.84 million during the quarter, compared to the consensus estimate of $128.81 million. Mobile Mini had a return on equity of 7.62% and a net margin of 7.45%. Mobile Mini’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 earnings per share. On average, equities research analysts anticipate that Mobile Mini Inc. will post $1.32 earnings per share for the current year.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Mobile Mini from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 29th. TheStreet lowered Mobile Mini from a “buy” rating to a “hold” rating in a research report on Friday, August 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $38.33.
In other news, Director Jeffrey S. Goble sold 8,338 shares of Mobile Mini stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $32.47, for a total value of $270,734.86. Following the sale, the director now directly owns 20,117 shares in the company, valued at approximately $653,198.99. The sale was disclosed in a filing with the SEC, which is available through this link. 6.40% of the stock is owned by insiders.
About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc, is a provider of specialty containment solutions in the United States. It manages its business as two portable storage solutions business segments: North America and the U.K., and one specialty containment business segment.
Receive News & Ratings for Mobile Mini Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobile Mini Inc. and related companies with MarketBeat.com's FREE daily email newsletter.