Mobile Mini, Inc. (MINI) Stake Increased by Jennison Associates LLC
Jennison Associates LLC increased its position in shares of Mobile Mini, Inc. (NASDAQ:MINI) by 10.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,911,771 shares of the industrial products company’s stock after purchasing an additional 282,723 shares during the period. Jennison Associates LLC owned 6.57% of Mobile Mini worth $100,311,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Mobile Mini during the 2nd quarter valued at $152,000. Trexquant Investment LP bought a new stake in shares of Mobile Mini during the 2nd quarter valued at $206,000. Eqis Capital Management Inc. bought a new stake in shares of Mobile Mini during the 2nd quarter valued at $209,000. Concorde Asset Management LLC bought a new stake in shares of Mobile Mini during the 3rd quarter valued at $232,000. Finally, State of Alaska Department of Revenue raised its position in shares of Mobile Mini by 77.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,728 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 3,818 shares during the period.
Several equities analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 target price on shares of Mobile Mini in a research note on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and set a $34.00 target price on shares of Mobile Mini in a research note on Thursday, October 12th. Zacks Investment Research cut shares of Mobile Mini from a “hold” rating to a “sell” rating in a research note on Thursday, September 21st. SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of Mobile Mini in a research note on Sunday, October 22nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Mobile Mini in a research note on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $37.00.
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Shares of Mobile Mini, Inc. (MINI) traded up $0.25 during trading hours on Friday, hitting $34.05. 91,000 shares of the company’s stock were exchanged, compared to its average volume of 166,107. Mobile Mini, Inc. has a 1-year low of $26.70 and a 1-year high of $37.05. The stock has a market cap of $1,509.33, a PE ratio of 27.46, a P/E/G ratio of 2.20 and a beta of 2.31. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 0.38.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Mobile Mini had a return on equity of 7.17% and a net margin of 9.59%. The business had revenue of $136.64 million during the quarter, compared to analysts’ expectations of $133.73 million. During the same period in the previous year, the business earned $0.31 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. equities research analysts forecast that Mobile Mini, Inc. will post 1.11 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be paid a $0.227 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.67%. Mobile Mini’s payout ratio is currently 81.25%.
Mobile Mini 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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