Barclays PLC boosted its stake in shares of Mobile Mini Inc (NASDAQ:MINI) by 94.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,568 shares of the industrial products company’s stock after purchasing an additional 6,586 shares during the quarter. Barclays PLC’s holdings in Mobile Mini were worth $590,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in MINI. Schwab Charles Investment Management Inc. raised its stake in shares of Mobile Mini by 2.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 294,212 shares of the industrial products company’s stock valued at $10,151,000 after buying an additional 5,824 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Mobile Mini in the 4th quarter valued at $520,000. California Public Employees Retirement System raised its stake in shares of Mobile Mini by 11.9% in the 4th quarter. California Public Employees Retirement System now owns 97,757 shares of the industrial products company’s stock valued at $3,373,000 after buying an additional 10,357 shares in the last quarter. Swiss National Bank raised its stake in shares of Mobile Mini by 3.2% in the 4th quarter. Swiss National Bank now owns 75,300 shares of the industrial products company’s stock valued at $2,598,000 after buying an additional 2,300 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Mobile Mini by 224.5% in the 4th quarter. Arizona State Retirement System now owns 74,502 shares of the industrial products company’s stock valued at $2,570,000 after buying an additional 51,541 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Mobile Mini from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Investment Research cut shares of Mobile Mini from a “hold” rating to a “sell” rating in a research note on Saturday, June 23rd. Finally, ValuEngine upgraded shares of Mobile Mini from a “hold” rating to a “buy” rating in a research note on Tuesday, May 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $45.71.
Shares of Mobile Mini opened at $46.90 on Friday, Marketbeat reports. Mobile Mini Inc has a 52-week low of $28.10 and a 52-week high of $48.65. The firm has a market capitalization of $2.07 billion, a PE ratio of 40.43, a price-to-earnings-growth ratio of 2.00 and a beta of 1.96. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 0.34.
Mobile Mini (NASDAQ:MINI) last announced its earnings results on Friday, April 20th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The firm had revenue of $132.30 million for the quarter, compared to analyst estimates of $133.18 million. Mobile Mini had a return on equity of 6.73% and a net margin of 23.05%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 EPS. equities research analysts forecast that Mobile Mini Inc will post 1.66 earnings per share for the current year.
In related news, Director Stephen A. Mcconnell sold 20,000 shares of the stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $46.87, for a total transaction of $937,400.00. Following the completion of the sale, the director now owns 94,789 shares in the company, valued at approximately $4,442,760.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederick G. Mcnamee sold 8,000 shares of the stock in a transaction dated Monday, April 23rd. The stock was sold at an average price of $44.16, for a total transaction of $353,280.00. Following the sale, the director now owns 10,393 shares of the company’s stock, valued at approximately $458,954.88. The disclosure for this sale can be found here. Company insiders own 6.30% of the company’s stock.
About Mobile Mini
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 and Pump Solutions. The company offers various portable storage and office products, such as steel storage containers and steel ground level offices serving retailers, construction companies, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for use in a range of applications, including storage of construction materials and equipment, retail and manufacturing inventory, maintenance supplies, documents and records, and household goods.
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