Credit Suisse Group began coverage on shares of Mobile Mini (NASDAQ:MINI) in a research note released on Friday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $45.00 price objective on the industrial products company’s stock.
A number of other research firms also recently issued reports on MINI. ValuEngine downgraded Mobile Mini from a buy rating to a hold rating in a research report on Thursday, July 26th. Zacks Investment Research downgraded Mobile Mini from a hold rating to a sell rating in a research report on Saturday, June 23rd. BidaskClub downgraded Mobile Mini from a strong-buy rating to a buy rating in a research report on Friday, July 13th. MED reissued a sell rating on shares of Mobile Mini in a research report on Friday, July 27th. Finally, Robert W. Baird raised Mobile Mini from a neutral rating to an outperform rating and increased their price target for the stock from $47.00 to $48.00 in a research report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Mobile Mini presently has a consensus rating of Hold and an average target price of $45.88.
Shares of Mobile Mini traded down $0.50, reaching $45.45, during midday trading on Friday, according to MarketBeat Ratings. 7,838 shares of the stock were exchanged, compared to its average volume of 203,512. Mobile Mini has a 52 week low of $28.10 and a 52 week high of $50.40. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 1.97 and a beta of 1.93.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 29th. Investors of record on Wednesday, August 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Tuesday, August 14th. Mobile Mini’s payout ratio is currently 86.21%.
In related news, Director Stephen A. Mcconnell sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $46.87, for a total transaction of $937,400.00. Following the sale, the director now owns 94,789 shares of the company’s stock, valued at $4,442,760.43. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.30% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of MINI. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Mobile Mini by 60.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,376 shares of the industrial products company’s stock valued at $147,000 after buying an additional 1,275 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Mobile Mini by 81.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,227 shares of the industrial products company’s stock valued at $184,000 after buying an additional 1,901 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in Mobile Mini in the first quarter valued at about $248,000. SG Americas Securities LLC purchased a new stake in Mobile Mini in the first quarter valued at about $280,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in Mobile Mini in the fourth quarter valued at about $252,000. 97.57% 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 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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