Franklin Resources Inc. reduced its position in shares of Mobile Mini Inc (NASDAQ:MINI) by 15.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 841,489 shares of the industrial products company’s stock after selling 148,909 shares during the quarter. Franklin Resources Inc. owned about 1.90% of Mobile Mini worth $29,031,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Amalgamated Bank bought a new stake in Mobile Mini during the 3rd quarter worth about $204,000. SG Americas Securities LLC raised its holdings in Mobile Mini by 41.6% during the 3rd quarter. SG Americas Securities LLC now owns 7,213 shares of the industrial products company’s stock worth $248,000 after purchasing an additional 2,119 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in Mobile Mini during the 3rd quarter worth about $287,000. Eqis Capital Management Inc. raised its holdings in Mobile Mini by 29.8% during the 4th quarter. Eqis Capital Management Inc. now owns 9,361 shares of the industrial products company’s stock worth $323,000 after purchasing an additional 2,147 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new stake in Mobile Mini during the 4th quarter worth about $476,000.
Several analysts have weighed in on the company. BidaskClub raised Mobile Mini from a “buy” rating to a “strong-buy” rating in a report on Thursday. Sidoti raised Mobile Mini from a “neutral” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Monday, February 5th. SunTrust Banks boosted their price objective on Mobile Mini to $44.00 and gave the stock a “hold” rating in a report on Monday, February 5th. They noted that the move was a valuation call. Oppenheimer boosted their price objective on Mobile Mini from $36.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Finally, Robert W. Baird set a $46.00 price objective on Mobile Mini and gave the stock a “hold” rating in a report on Monday, February 5th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $45.71.
In other news, Director Jeffrey S. Goble sold 5,000 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $44.44, for a total transaction of $222,200.00. Following the completion of the transaction, the director now directly owns 15,503 shares in the company, valued at approximately $688,953.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.30% of the stock is currently owned by insiders.
Mobile Mini stock opened at $45.45 on Thursday. The stock has a market capitalization of $2,005.02, a PE ratio of 16.53, a PEG ratio of 1.94 and a beta of 2.06. Mobile Mini Inc has a 12-month low of $26.70 and a 12-month high of $46.10. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.35.
Mobile Mini (NASDAQ:MINI) last posted its earnings results on Friday, February 2nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The company had revenue of $146.70 million during the quarter, compared to analyst estimates of $140.60 million. Mobile Mini had a return on equity of 6.49% and a net margin of 22.91%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 EPS. equities research analysts predict that Mobile Mini Inc will post 1.65 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.25 per share. This is a positive change from Mobile Mini’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Tuesday, February 27th. Mobile Mini’s payout ratio is presently 36.36%.
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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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