BlackRock Inc. grew its stake in Mobile Mini Inc (NASDAQ:MINI) by 11.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,298,067 shares of the industrial products company’s stock after purchasing an additional 624,210 shares during the period. BlackRock Inc. owned approximately 0.14% of Mobile Mini worth $295,379,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of Mobile Mini by 4.5% in the first quarter. Principal Financial Group Inc. now owns 346,756 shares of the industrial products company’s stock valued at $15,084,000 after purchasing an additional 15,056 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Mobile Mini by 3.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 312,401 shares of the industrial products company’s stock valued at $14,652,000 after purchasing an additional 11,266 shares during the period. Tygh Capital Management Inc. increased its holdings in shares of Mobile Mini by 105.5% in the second quarter. Tygh Capital Management Inc. now owns 263,058 shares of the industrial products company’s stock valued at $12,337,000 after purchasing an additional 135,080 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Mobile Mini in the first quarter valued at approximately $6,304,000. Finally, Rhumbline Advisers increased its holdings in shares of Mobile Mini by 1.3% in the first quarter. Rhumbline Advisers now owns 111,485 shares of the industrial products company’s stock valued at $4,850,000 after purchasing an additional 1,413 shares during the period. 98.34% of the stock is currently owned by institutional investors and hedge funds.
Mobile Mini stock opened at $41.50 on Monday. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 0.35. Mobile Mini Inc has a 1-year low of $31.25 and a 1-year high of $50.40. The company has a market capitalization of $1.77 billion, a P/E ratio of 35.78, a price-to-earnings-growth ratio of 1.69 and a beta of 1.86.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings results on Thursday, July 26th. The industrial products company reported $0.35 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.35. Mobile Mini had a return on equity of 7.16% and a net margin of 23.53%. The firm had revenue of $142.00 million for the quarter, compared to the consensus estimate of $140.34 million. During the same period in the previous year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. equities analysts anticipate that Mobile Mini Inc will post 1.67 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 29th. Investors of record on Wednesday, August 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. Mobile Mini’s dividend payout ratio (DPR) is presently 86.21%.
A number of research firms have recently issued reports on MINI. Robert W. Baird raised Mobile Mini from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $47.00 to $48.00 in a report on Friday, July 27th. ValuEngine upgraded Mobile Mini from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. BidaskClub upgraded Mobile Mini from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 30th. MED restated a “sell” rating on shares of Mobile Mini in a research note on Friday, July 27th. Finally, Credit Suisse Group began coverage on Mobile Mini in a research note on Friday, August 10th. They issued a “neutral” rating and a $45.00 price target on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $45.88.
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 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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