United Services Automobile Association grew its position in Mobile Mini Inc (NASDAQ:MINI) by 12.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 293,583 shares of the industrial products company’s stock after acquiring an additional 33,633 shares during the quarter. United Services Automobile Association owned approximately 0.66% of Mobile Mini worth $12,874,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Mobile Mini by 2.7% in the 3rd quarter. BlackRock Inc. now owns 6,466,128 shares of the industrial products company’s stock valued at $283,539,000 after acquiring an additional 168,061 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Mobile Mini by 4.4% in the 2nd quarter. Northern Trust Corp now owns 1,945,202 shares of the industrial products company’s stock valued at $91,230,000 after acquiring an additional 81,090 shares during the last quarter. Riverbridge Partners LLC grew its stake in Mobile Mini by 6.7% during the 3rd quarter. Riverbridge Partners LLC now owns 1,330,773 shares of the industrial products company’s stock worth $58,354,000 after buying an additional 83,028 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Mobile Mini by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 743,063 shares of the industrial products company’s stock worth $32,584,000 after buying an additional 25,408 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in Mobile Mini by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 596,537 shares of the industrial products company’s stock worth $26,158,000 after buying an additional 27,225 shares during the last quarter. Institutional investors and hedge funds own 99.17% of the company’s stock.
Shares of MINI opened at $34.52 on Friday. The firm has a market cap of $1.62 billion, a P/E ratio of 29.76, a P/E/G ratio of 1.54 and a beta of 1.68. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 0.38. Mobile Mini Inc has a 12 month low of $32.40 and a 12 month high of $50.40.
Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings results on Friday, October 19th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. Mobile Mini had a return on equity of 7.95% and a net margin of 12.05%. The company had revenue of $149.71 million during the quarter, compared to analyst estimates of $148.75 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts forecast that Mobile Mini Inc will post 1.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 2.90%. Mobile Mini’s dividend payout ratio (DPR) is presently 86.21%.
MINI has been the subject of a number of recent research reports. BidaskClub downgraded Mobile Mini from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. ValuEngine downgraded Mobile Mini from a “buy” rating to a “hold” rating in a research note on Friday, November 23rd. Zacks Investment Research upgraded Mobile Mini from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Wednesday, October 24th. Needham & Company LLC upped their price objective on Mobile Mini to $55.00 and gave the stock a “buy” rating in a research note on Monday, October 22nd. Finally, Credit Suisse Group initiated coverage on Mobile Mini in a research note on Friday, August 10th. They set a “neutral” rating and a $45.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $47.11.
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 and Pump Solutions. The company offers various portable storage and office products, such as steel storage containers and steel ground level offices serving retailers, construction companies, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for use in a range of applications, including storage of construction materials and equipment, retail and manufacturing inventory, maintenance supplies, documents and records, and household goods.
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