US Bancorp DE Sells 1,286 Shares of Mobile Mini, Inc. (MINI)
US Bancorp DE decreased its position in shares of Mobile Mini, Inc. (NASDAQ:MINI) by 8.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,165 shares of the industrial products company’s stock after selling 1,286 shares during the period. US Bancorp DE’s holdings in Mobile Mini were worth $393,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in MINI. BlackRock Inc. increased its stake in Mobile Mini by 97,640.1% in the first quarter. BlackRock Inc. now owns 5,421,642 shares of the industrial products company’s stock worth $165,361,000 after buying an additional 5,416,095 shares in the last quarter. Deprince Race & Zollo Inc. bought a new position in shares of Mobile Mini during the first quarter worth about $18,801,000. Vanguard Group Inc. increased its position in shares of Mobile Mini by 8.1% in the first quarter. Vanguard Group Inc. now owns 4,082,912 shares of the industrial products company’s stock worth $124,529,000 after buying an additional 304,886 shares during the period. Russell Investments Group Ltd. increased its position in shares of Mobile Mini by 1,171.2% in the first quarter. Russell Investments Group Ltd. now owns 273,894 shares of the industrial products company’s stock worth $8,354,000 after buying an additional 252,348 shares during the period. Finally, Norges Bank bought a new position in shares of Mobile Mini during the fourth quarter worth about $7,397,000.
Shares of Mobile Mini, Inc. (MINI) traded down 3.18% on Friday, hitting $28.95. The company had a trading volume of 243,934 shares. The stock’s 50-day moving average is $30.29 and its 200 day moving average is $30.14. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 25.15 and a beta of 2.26. Mobile Mini, Inc. has a 52 week low of $23.40 and a 52 week high of $37.05.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings data on Friday, July 21st. The industrial products company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by $0.02. Mobile Mini had a net margin of 10.03% and a return on equity of 7.52%. The business had revenue of $126.70 million during the quarter, compared to analyst estimates of $126.03 million. During the same period in the previous year, the business posted $0.25 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities analysts expect that Mobile Mini, Inc. will post $1.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be issued a $0.227 dividend. This represents a $0.91 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Monday, August 14th. Mobile Mini’s payout ratio is currently 78.45%.
MINI has been the subject of a number of recent research reports. Zacks Investment Research downgraded Mobile Mini from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. BidaskClub upgraded Mobile Mini from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $35.00.
In other news, Director Lawrence Trachtenberg sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $31.59, for a total value of $315,900.00. Following the transaction, the director now owns 38,181 shares in the company, valued at $1,206,137.79. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark Funk sold 3,699 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $31.52, for a total value of $116,592.48. Following the completion of the transaction, the chief financial officer now owns 153,260 shares in the company, valued at approximately $4,830,755.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 156,065 shares of company stock worth $4,832,212. 6.50% of the stock is owned by corporate insiders.
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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