State Street Corp increased its stake in shares of Mobile Mini, Inc. (NASDAQ:MINI) by 12.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,085,842 shares of the industrial products company’s stock after buying an additional 122,409 shares during the period. State Street Corp owned approximately 2.47% of Mobile Mini worth $33,116,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new stake in Mobile Mini during the fourth quarter valued at approximately $646,000. Norges Bank bought a new stake in Mobile Mini during the fourth quarter valued at approximately $7,397,000. Teachers Advisors LLC increased its stake in Mobile Mini by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 71,417 shares of the industrial products company’s stock valued at $2,160,000 after buying an additional 1,910 shares in the last quarter. Bank of Montreal Can increased its stake in Mobile Mini by 3.3% in the first quarter. Bank of Montreal Can now owns 27,624 shares of the industrial products company’s stock valued at $842,000 after buying an additional 872 shares in the last quarter. Finally, Atria Investments LLC increased its stake in Mobile Mini by 40.3% in the first quarter. Atria Investments LLC now owns 11,743 shares of the industrial products company’s stock valued at $358,000 after buying an additional 3,373 shares in the last quarter.
Shares of Mobile Mini, Inc. (NASDAQ:MINI) traded down 0.64% during trading on Wednesday, hitting $30.85. The stock had a trading volume of 20,220 shares. The firm has a market cap of $1.36 billion, a P/E ratio of 26.80 and a beta of 2.26. The firm’s 50-day moving average is $29.77 and its 200-day moving average is $30.10. Mobile Mini, Inc. has a one year low of $23.40 and a one year high of $37.05.
Mobile Mini (NASDAQ:MINI) last issued its earnings results on Friday, July 21st. The industrial products company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.02. Mobile Mini had a net margin of 10.03% and a return on equity of 7.52%. The company had revenue of $126.70 million during the quarter, compared to analyst estimates of $126.03 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. Equities research analysts forecast that Mobile Mini, Inc. will post $1.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.227 per share. The ex-dividend date is Monday, August 14th. This represents a $0.91 annualized dividend and a dividend yield of 2.92%. Mobile Mini’s dividend payout ratio is presently 78.45%.
Several analysts have commented on MINI shares. Zacks Investment Research raised Mobile Mini from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Thursday, April 6th. BidaskClub raised Mobile Mini from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.00.
In other news, CFO Mark Funk sold 16,339 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $30.42, for a total transaction of $497,032.38. Following the completion of the transaction, the chief financial officer now directly owns 170,291 shares in the company, valued at $5,180,252.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 68,416 shares of company stock valued at $2,075,609. Insiders own 6.50% of the company’s stock.
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.
Receive News & Ratings for Mobile Mini Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobile Mini Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
