Bank of New York Mellon Corp cut its stake in Mobile Mini Inc (NASDAQ:MINI) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 717,655 shares of the industrial products company’s stock after selling 17,459 shares during the period. Bank of New York Mellon Corp owned 1.61% of Mobile Mini worth $33,659,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MINI. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Mobile Mini in the 2nd quarter worth about $443,000. First Trust Advisors LP boosted its stake in Mobile Mini by 111.8% in the 2nd quarter. First Trust Advisors LP now owns 71,690 shares of the industrial products company’s stock worth $3,362,000 after purchasing an additional 37,845 shares during the period. Foundry Partners LLC bought a new position in Mobile Mini in the 2nd quarter worth about $1,860,000. Bank of Montreal Can purchased a new stake in shares of Mobile Mini in the 2nd quarter valued at about $1,432,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Mobile Mini in the 1st quarter valued at about $323,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Several research firms have weighed in on MINI. BidaskClub cut Mobile Mini from a “strong-buy” rating to a “buy” rating in a report on Friday, July 13th. Zacks Investment Research cut Mobile Mini from a “hold” rating to a “sell” rating in a report on Saturday, June 23rd. ValuEngine raised Mobile Mini from a “hold” rating to a “buy” rating in a report on Tuesday, May 29th. Credit Suisse Group began coverage on Mobile Mini in a report on Friday, August 10th. They issued a “neutral” rating and a $45.00 price target on the stock. Finally, MED reaffirmed a “sell” rating on shares of Mobile Mini in a report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Mobile Mini has a consensus rating of “Hold” and a consensus target price of $45.88.

NASDAQ:MINI opened at $41.20 on Friday. Mobile Mini Inc has a twelve month low of $31.25 and a twelve month high of $50.40. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 35.52, a price-to-earnings-growth ratio of 1.79 and a beta of 1.86. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.16 and a current ratio of 0.18.

Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Thursday, July 26th. The industrial products company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Mobile Mini had a return on equity of 7.16% and a net margin of 23.53%. The firm had revenue of $142.00 million for the quarter, compared to analysts’ expectations of $140.34 million. During the same quarter last year, the firm posted $0.24 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. research analysts expect that Mobile Mini Inc will post 1.67 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 29th. Investors of record on Wednesday, August 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.43%. Mobile Mini’s dividend payout ratio is 86.21%.

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 and Pump Solutions. The company offers various portable storage and office products, such as steel storage containers and steel ground level offices serving retailers, construction companies, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for use in a range of applications, including storage of construction materials and equipment, retail and manufacturing inventory, maintenance supplies, documents and records, and household goods.

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Institutional Ownership by Quarter for Mobile Mini (NASDAQ:MINI)

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