Bank of New York Mellon Corp Trims Stake in Mobile Mini, Inc. (MINI)
Bank of New York Mellon Corp reduced its stake in shares of Mobile Mini, Inc. (NASDAQ:MINI) by 2.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 737,737 shares of the industrial products company’s stock after selling 15,469 shares during the period. Bank of New York Mellon Corp owned about 1.66% of Mobile Mini worth $25,414,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Mobile Mini by 1.5% during 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 acquiring an additional 62,522 shares during the period. Jennison Associates LLC boosted its holdings in Mobile Mini by 10.8% in the 3rd quarter. Jennison Associates LLC now owns 2,911,771 shares of the industrial products company’s stock worth $100,311,000 after buying an additional 282,723 shares during the period. Northern Trust Corp boosted its holdings 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 worth $54,907,000 after buying an additional 434,522 shares during the period. Riverbridge Partners LLC boosted its holdings in Mobile Mini by 53.6% in the 3rd quarter. Riverbridge Partners LLC now owns 1,330,145 shares of the industrial products company’s stock worth $45,823,000 after buying an additional 464,332 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Mobile Mini by 16.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,256,085 shares of the industrial products company’s stock worth $37,494,000 after buying an additional 176,510 shares during the period.
Mobile Mini, Inc. (NASDAQ:MINI) opened at $33.35 on Thursday. The company has a market cap of $1,469.43, a P/E ratio of 26.73, a P/E/G ratio of 2.14 and a beta of 2.34. Mobile Mini, Inc. has a fifty-two week low of $26.70 and a fifty-two week high of $37.05. 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 released its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 the consensus estimate of $133.73 million. During the same period last year, the business posted $0.31 earnings per share. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. analysts predict that Mobile Mini, Inc. will post 1.11 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th were issued a $0.227 dividend. This represents a $0.91 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Tuesday, November 14th. Mobile Mini’s payout ratio is 81.25%.
In other Mobile Mini news, Director Stephen A. Mcconnell sold 4,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $36.10, for a total value of $144,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.50% of the stock is owned by company insiders.
MINI has been the subject of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Mobile Mini in a report on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Mobile Mini in a report on Thursday, October 12th. Zacks Investment Research downgraded shares of Mobile Mini from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. SunTrust Banks reaffirmed a “hold” rating on shares of Mobile Mini in a report on Sunday, October 22nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Mobile Mini in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.00.
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About Mobile Mini
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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