Mobile Mini (MINI) Lifted to “Hold” at Zacks Investment Research

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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 Tuesday.

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 analysts also recently weighed in on the company. BidaskClub upgraded Mobile Mini from a sell rating to a hold rating in a research note on Thursday, January 31st. TheStreet downgraded Mobile Mini from a b rating to a c rating in a research note on Friday, February 1st. ValuEngine downgraded Mobile Mini from a buy rating to a hold rating in a research note on Friday, November 23rd. Finally, Oppenheimer decreased their target price on Mobile Mini from $47.00 to $40.00 and set an outperform rating for the company in a research note on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $47.33.

Shares of NASDAQ:MINI opened at $35.51 on Tuesday. Mobile Mini has a twelve month low of $29.46 and a twelve month high of $50.40. The company has a market cap of $1.59 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 1.32 and a beta of 1.76. The company has a quick ratio of 0.19, a current ratio of 0.21 and a debt-to-equity ratio of 0.38.

Mobile Mini (NASDAQ:MINI) last announced its earnings results on Friday, February 1st. The industrial products company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.04). Mobile Mini had a negative net margin of 1.36% and a positive return on equity of 8.74%. The business had revenue of $160.90 million for the quarter, compared to the consensus estimate of $155.55 million. During the same quarter in the previous year, the company earned $0.41 EPS. Mobile Mini’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities research analysts forecast that Mobile Mini will post 1.96 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 27th were issued a $0.275 dividend. This is a boost from Mobile Mini’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, February 26th. This represents a $1.10 annualized dividend and a yield of 3.10%. Mobile Mini’s dividend payout ratio is 67.07%.

In other news, Director Stephen A. Mcconnell purchased 2,000 shares of the business’s stock in a transaction on 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 acquisition, the director now directly owns 86,789 shares in the company, valued at approximately $2,764,229.65. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 6.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Mobile Mini by 0.5% in the 4th quarter. BlackRock Inc. now owns 6,501,515 shares of the industrial products company’s stock valued at $206,425,000 after acquiring an additional 35,387 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 in the last quarter. Vanguard Group Inc raised its holdings in shares of 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 in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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 in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of 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 in the last quarter. 98.05% 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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