Rhumbline Advisers lifted its stake in Mobile Mini Inc (NASDAQ:MINI) by 13.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,072 shares of the industrial products company’s stock after acquiring an additional 13,294 shares during the period. Rhumbline Advisers’ holdings in Mobile Mini were worth $3,797,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. American International Group Inc. grew its stake in shares of Mobile Mini by 5.7% in the third quarter. American International Group Inc. now owns 34,844 shares of the industrial products company’s stock worth $1,200,000 after acquiring an additional 1,890 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Mobile Mini by 41.6% in the third quarter. SG Americas Securities LLC now owns 7,213 shares of the industrial products company’s stock worth $248,000 after acquiring an additional 2,119 shares during the last quarter. Eqis Capital Management Inc. grew its stake in shares of Mobile Mini by 29.8% in the fourth quarter. Eqis Capital Management Inc. now owns 9,361 shares of the industrial products company’s stock worth $323,000 after acquiring an additional 2,147 shares during the last quarter. Swiss National Bank grew its stake in shares of Mobile Mini by 3.2% in the fourth quarter. Swiss National Bank now owns 75,300 shares of the industrial products company’s stock worth $2,598,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Atria Investments LLC lifted its position in Mobile Mini by 27.6% in the fourth quarter. Atria Investments LLC now owns 17,148 shares of the industrial products company’s stock worth $592,000 after purchasing an additional 3,707 shares during the period.
MINI has been the subject of several research reports. Zacks Investment Research raised Mobile Mini from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. BidaskClub raised Mobile Mini from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Needham & Company LLC raised their target price on Mobile Mini from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Oppenheimer raised their target price on Mobile Mini from $36.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Finally, SunTrust Banks raised their target price on Mobile Mini to $44.00 and gave the stock a “hold” rating in a research report on Monday, February 5th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $45.71.
Mobile Mini Inc (MINI) opened at $44.55 on Wednesday. The company has a market capitalization of $1,980.48, a price-to-earnings ratio of 37.95, a P/E/G ratio of 1.92 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 debt-to-equity ratio of 0.35, a current ratio of 0.19 and a quick ratio of 0.17.
Mobile Mini (NASDAQ:MINI) last issued its earnings results on Friday, February 2nd. The industrial products company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. The firm had revenue of $146.70 million during the quarter, compared to analysts’ expectations of $140.60 million. Mobile Mini had a return on equity of 6.49% and a net margin of 22.91%. Mobile Mini’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business earned $0.48 earnings per share. analysts predict that Mobile Mini Inc will post 1.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, February 27th. This is a boost from Mobile Mini’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.24%. Mobile Mini’s dividend payout ratio (DPR) is presently 36.36%.
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About Mobile Mini
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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