United Services Automobile Association increased its position in Mobile Mini Inc (NASDAQ:MINI) by 12.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 293,583 shares of the industrial products company’s stock after acquiring an additional 33,633 shares during the period. United Services Automobile Association’s holdings in Mobile Mini were worth $12,874,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in MINI. Bank of Montreal Can bought a new position in Mobile Mini during the second quarter valued at approximately $1,432,000. First Trust Advisors LP lifted its position in Mobile Mini by 111.8% during the second quarter. First Trust Advisors LP now owns 71,690 shares of the industrial products company’s stock valued at $3,362,000 after purchasing an additional 37,845 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Mobile Mini during the second quarter valued at approximately $443,000. SG Americas Securities LLC lifted its position in Mobile Mini by 79.5% during the second quarter. SG Americas Securities LLC now owns 11,568 shares of the industrial products company’s stock valued at $543,000 after purchasing an additional 5,123 shares during the period. Finally, Balter Liquid Alternatives LLC lifted its position in Mobile Mini by 3,216.3% during the second quarter. Balter Liquid Alternatives LLC now owns 18,704 shares of the industrial products company’s stock valued at $889,000 after purchasing an additional 18,140 shares during the period. Institutional investors and hedge funds own 99.17% of the company’s stock.
A number of research analysts recently weighed in on the stock. BidaskClub upgraded shares of Mobile Mini from a “hold” rating to a “buy” rating in a research report on Saturday, August 11th. Credit Suisse Group assumed coverage on shares of Mobile Mini in a research report on Friday, August 10th. They set a “neutral” rating and a $45.00 price objective on the stock. ValuEngine upgraded shares of Mobile Mini from a “hold” rating to a “buy” rating in a research report on Wednesday, September 26th. Berenberg Bank assumed coverage on shares of Mobile Mini in a research report on Wednesday, September 19th. They set a “buy” rating and a $53.00 price objective on the stock. Finally, Needham & Company LLC increased their price objective on shares of Mobile Mini to $55.00 and gave the company a “buy” rating in a research report on Monday, October 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Mobile Mini has an average rating of “Hold” and an average price target of $47.11.
Mobile Mini (NASDAQ:MINI) last announced its earnings results on Friday, October 19th. The industrial products company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. Mobile Mini had a net margin of 12.05% and a return on equity of 7.95%. The business had revenue of $149.71 million during the quarter, compared to analysts’ expectations of $148.75 million. During the same period in the prior year, the company earned $0.25 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. As a group, research analysts predict that Mobile Mini Inc will post 1.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 14th were issued a dividend of $0.25 per share. The ex-dividend date 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 is currently 86.21%.
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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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