Public Sector Pension Investment Board reduced its holdings in Mobile Mini Inc (NASDAQ:MINI) by 12.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 98,835 shares of the industrial products company’s stock after selling 14,600 shares during the period. Public Sector Pension Investment Board’s holdings in Mobile Mini were worth $3,747,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. acquired a new stake in Mobile Mini in the 3rd quarter valued at $41,000. First Mercantile Trust Co. acquired a new stake in Mobile Mini in the 4th quarter valued at $49,000. Advisor Group Inc. increased its stake in Mobile Mini by 32.9% in the 4th quarter. Advisor Group Inc. now owns 1,836 shares of the industrial products company’s stock valued at $70,000 after buying an additional 454 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Mobile Mini by 3,603.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,926 shares of the industrial products company’s stock valued at $73,000 after buying an additional 1,874 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Mobile Mini in the 4th quarter valued at $175,000. Hedge funds and other institutional investors own 97.57% of the company’s stock.
Several research firms have recently weighed in on MINI. BidaskClub lowered shares of Mobile Mini from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Zacks Investment Research upgraded shares of Mobile Mini from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Wednesday. Sidoti boosted their price objective on shares of Mobile Mini from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, Robert W. Baird lowered their price objective on shares of Mobile Mini from $46.00 to $42.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $41.00.
Shares of Mobile Mini stock traded up $2.21 during trading on Thursday, hitting $27.89. 31,283 shares of the stock were exchanged, compared to its average volume of 841,069. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 0.75 and a beta of 1.40. The company has a fifty day moving average price of $35.84 and a 200-day moving average price of $37.17. Mobile Mini Inc has a 1-year low of $18.41 and a 1-year high of $45.75. The company has a current ratio of 0.16, a quick ratio of 0.15 and a debt-to-equity ratio of 0.38.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings data on Tuesday, January 28th. The industrial products company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. The company had revenue of $159.27 million for the quarter, compared to analyst estimates of $160.63 million. Mobile Mini had a net margin of 13.67% and a return on equity of 10.95%. Mobile Mini’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. Equities research analysts forecast that Mobile Mini Inc will post 2.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.303 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This is a positive change from Mobile Mini’s previous quarterly dividend of $0.28. This represents a $1.21 annualized dividend and a dividend yield of 4.35%. Mobile Mini’s payout ratio is currently 59.90%.
Mobile Mini 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 & 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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