Rhumbline Advisers increased its position in Mobile Mini Inc (NASDAQ:MINI) by 13.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,072 shares of the industrial products company’s stock after buying an additional 13,294 shares during the period. Rhumbline Advisers owned 0.25% of Mobile Mini worth $3,797,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its holdings in Mobile Mini by 224.5% in the fourth quarter. Arizona State Retirement System now owns 74,502 shares of the industrial products company’s stock worth $2,570,000 after buying an additional 51,541 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in Mobile Mini by 87.2% during the fourth quarter. Pinebridge Investments L.P. now owns 55,064 shares of the industrial products company’s stock valued at $1,900,000 after purchasing an additional 25,642 shares during the last quarter. Swiss National Bank grew its holdings in Mobile Mini by 3.2% during the fourth quarter. Swiss National Bank now owns 75,300 shares of the industrial products company’s stock valued at $2,598,000 after purchasing an additional 2,300 shares during the last quarter. California Public Employees Retirement System grew its holdings in Mobile Mini by 11.9% during the fourth quarter. California Public Employees Retirement System now owns 97,757 shares of the industrial products company’s stock valued at $3,373,000 after purchasing an additional 10,357 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Mobile Mini during the fourth quarter valued at approximately $520,000.
Several brokerages have commented on MINI. Sidoti upgraded Mobile Mini from a “neutral” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Monday, February 5th. BidaskClub upgraded Mobile Mini from a “hold” rating to a “buy” rating in a report on Tuesday. SunTrust Banks increased their price target on Mobile Mini to $44.00 and gave the company a “hold” rating in a report on Monday, February 5th. They noted that the move was a valuation call. Oppenheimer increased their price target on Mobile Mini from $36.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Finally, Robert W. Baird set a $46.00 price target on Mobile Mini and gave the company a “hold” rating in a report on Monday, February 5th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Mobile Mini has an average rating of “Buy” and an average target price of $45.71.
Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings data on Friday, February 2nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.05. The business had revenue of $146.70 million for the quarter, compared to the consensus estimate of $140.60 million. Mobile Mini had a net margin of 22.91% and a return on equity of 6.49%. Mobile Mini’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company posted $0.48 earnings per share. equities research analysts forecast 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. Stockholders of record on Wednesday, February 28th will be paid a $0.25 dividend. This is an increase from Mobile Mini’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.24%. Mobile Mini’s dividend payout ratio (DPR) is presently 36.36%.
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Mobile Mini Company Profile
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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