Mobile Mini (NASDAQ:MINI) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Mobile Mini (NASDAQ:MINI) from a hold rating to a sell rating in a research note published on Saturday morning, Zacks.com reports.

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. “

A number of other research analysts have also recently issued reports on MINI. ValuEngine cut Zumiez from a hold rating to a sell rating in a research note on Monday, May 13th. Noble Financial raised McClatchy to a buy rating and set a $5.00 price objective on the stock in a research note on Thursday, May 23rd. Finally, BidaskClub cut Vertex Pharmaceuticals from a buy rating to a hold rating in a research note on Tuesday, July 9th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $46.33.

Shares of NASDAQ:MINI opened at $33.52 on Friday. The company’s 50-day moving average is $31.06. Mobile Mini has a 12-month low of $29.46 and a 12-month high of $48.50. The company has a market capitalization of $1.50 billion, a PE ratio of 20.44, a P/E/G ratio of 1.23 and a beta of 1.66. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 0.37.

Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings data on Monday, April 22nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.03. Mobile Mini had a positive return on equity of 9.27% and a negative net margin of 0.80%. The firm had revenue of $149.66 million for the quarter, compared to analysts’ expectations of $147.30 million. During the same period last year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, research analysts expect that Mobile Mini will post 1.93 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Mobile Mini by 0.5% in the fourth quarter. BlackRock Inc. now owns 6,501,515 shares of the industrial products company’s stock worth $206,425,000 after purchasing an additional 35,387 shares during the last quarter. SG Capital Management LLC grew its stake in shares of Mobile Mini by 119.6% in the first quarter. SG Capital Management LLC now owns 529,684 shares of the industrial products company’s stock worth $17,977,000 after purchasing an additional 288,443 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Mobile Mini by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 511,235 shares of the industrial products company’s stock worth $16,231,000 after purchasing an additional 43,042 shares during the last quarter. Norges Bank bought a new stake in shares of Mobile Mini in the fourth quarter worth about $12,560,000. Finally, Millennium Management LLC grew its stake in shares of Mobile Mini by 285.0% in the fourth quarter. Millennium Management LLC now owns 163,057 shares of the industrial products company’s stock worth $5,177,000 after purchasing an additional 120,702 shares during the last quarter. 96.83% of the stock is currently owned by institutional investors.

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 & 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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