Mobile Mini, Inc. (MINI) Shares Bought by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC raised its holdings in Mobile Mini, Inc. (NASDAQ:MINI) by 17.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,731 shares of the industrial products company’s stock after purchasing an additional 15,342 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.24% of Mobile Mini worth $3,126,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. raised its position in Mobile Mini by 97,640.1% in the 1st quarter. BlackRock Inc. now owns 5,421,642 shares of the industrial products company’s stock valued at $165,361,000 after purchasing an additional 5,416,095 shares during the last quarter. Vanguard Group Inc. raised its position in Mobile Mini by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,145,434 shares of the industrial products company’s stock valued at $123,741,000 after purchasing an additional 62,522 shares during the last quarter. Northern Trust Corp raised its position in Mobile Mini by 30.9% in the 2nd quarter. Northern Trust Corp now owns 1,839,418 shares of the industrial products company’s stock valued at $54,907,000 after purchasing an additional 434,522 shares during the last quarter. State Street Corp raised its position in Mobile Mini by 12.7% in the 1st quarter. State Street Corp now owns 1,085,842 shares of the industrial products company’s stock valued at $33,116,000 after purchasing an additional 122,409 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Mobile Mini by 8.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,079,575 shares of the industrial products company’s stock valued at $32,927,000 after purchasing an additional 88,199 shares during the last quarter.
In other news, Director Lawrence Trachtenberg sold 10,000 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 38,181 shares in the company, valued at approximately $1,206,137.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark Funk sold 3,699 shares of the stock in a transaction 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 of the company’s stock, valued at $4,830,755.20. The disclosure for this sale can be found here. Insiders sold a total of 54,719 shares of company stock valued at $1,737,749 over the last quarter. 6.50% of the stock is owned by corporate insiders.
MINI has been the subject of several research analyst reports. Robert W. Baird set a $34.00 price objective on Mobile Mini and gave the company a “hold” rating in a research report on Sunday, September 10th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price objective on shares of Mobile Mini in a research report on Friday, September 1st. KeyCorp reiterated a “hold” rating on shares of Mobile Mini in a research report on Wednesday, October 4th. BidaskClub downgraded Mobile Mini from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Zacks Investment Research downgraded Mobile Mini from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Mobile Mini currently has a consensus rating of “Hold” and a consensus target price of $37.00.
Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings results on Friday, October 20th. The industrial products company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.05). Mobile Mini had a net margin of 9.59% and a return on equity of 7.17%. The firm had revenue of $136.64 million during the quarter, compared to the consensus estimate of $133.73 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be paid a $0.227 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Tuesday, November 14th. Mobile Mini’s payout ratio is 81.25%.
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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