Nuveen Asset Management LLC acquired a new stake in shares of Mobile Mini Inc (NASDAQ:MINI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 410,004 shares of the industrial products company’s stock, valued at approximately $12,477,000. Nuveen Asset Management LLC owned approximately 0.92% of Mobile Mini as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in shares of Mobile Mini by 11.7% during the 2nd quarter. BlackRock Inc. now owns 7,284,309 shares of the industrial products company’s stock valued at $221,662,000 after acquiring an additional 763,119 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Mobile Mini by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,907,610 shares of the industrial products company’s stock valued at $149,339,000 after acquiring an additional 100,889 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Mobile Mini by 9.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 766,271 shares of the industrial products company’s stock valued at $23,316,000 after acquiring an additional 66,027 shares in the last quarter. Bernzott Capital Advisors boosted its holdings in shares of Mobile Mini by 16.1% during the 2nd quarter. Bernzott Capital Advisors now owns 712,003 shares of the industrial products company’s stock valued at $21,666,000 after acquiring an additional 98,691 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Mobile Mini by 0.4% during the 2nd quarter. Invesco Ltd. now owns 669,644 shares of the industrial products company’s stock valued at $20,377,000 after acquiring an additional 2,699 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors.
Several research analysts have commented on the company. Credit Suisse Group cut their target price on Mobile Mini from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Zacks Investment Research lowered Mobile Mini from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th. Stifel Nicolaus began coverage on Mobile Mini in a research report on Wednesday, August 21st. They issued a “buy” rating and a $36.00 price objective for the company. BidaskClub raised Mobile Mini from a “hold” rating to a “buy” rating in a research report on Tuesday, October 1st. Finally, Robert W. Baird set a $41.00 target price on Mobile Mini and gave the company a “hold” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Mobile Mini presently has a consensus rating of “Hold” and a consensus price target of $41.83.
Shares of MINI opened at $36.47 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.14 and a current ratio of 0.16. The stock has a 50 day moving average price of $33.75 and a two-hundred day moving average price of $33.08. The firm has a market capitalization of $1.62 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.34 and a beta of 1.62. Mobile Mini Inc has a 52 week low of $29.02 and a 52 week high of $44.56.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings data on Thursday, July 25th. The industrial products company reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. The firm had revenue of $150.18 million during the quarter, compared to analyst estimates of $151.75 million. Mobile Mini had a positive return on equity of 9.70% and a negative net margin of 0.95%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. On average, equities analysts forecast that Mobile Mini Inc will post 1.92 earnings per share for the current year.
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 & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices serving construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for application in the storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods.
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