Mobile Mini (NASDAQ:MINI) Downgraded to Sell at Zacks Investment Research

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Zacks Investment Research lowered shares of Mobile Mini (NASDAQ:MINI) from a hold rating to a sell rating in a research note published on Saturday, Zacks.com reports.

According to Zacks, “Mobile Mini, Inc. is the world’s leading provider of portable storage solutions through its total rental fleet of approximately 210,900 storage solutions containers and office units and a leading provider of tank and pump solutions in the U.S., with a rental fleet of approximately 12,000 units. Mobile Mini’s network is comprised of 156 locations in the U.S., U.K., and Canada. Mobile Mini international presence and diverse fleet enables to meet customers’ storage and tank-and-pump rental requirements whenever and wherever they need. Mobile Mini is committed to providing the most secure and convenient storage, tank and pump solutions. Mobile Mini Company takes pride in convenience, customer service, and high-security products, and Mobile Mini are always looking for ways to improve services and exceed your expectations. “

Several other research analysts have also weighed in on the stock. ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a research note on Monday, May 13th. Noble Financial upgraded shares of McClatchy to a buy rating and set a $5.00 price objective on the stock in a research note on Thursday, May 23rd. Finally, BidaskClub lowered shares of Vertex Pharmaceuticals from a buy rating to a hold rating in a research note on Tuesday, July 9th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $46.33.

Mobile Mini stock opened at $33.97 on Friday. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 1.23 and a beta of 1.66. The business’s 50-day moving average price is $31.08. Mobile Mini has a fifty-two week low of $29.46 and a fifty-two week high of $48.10. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 0.37.

Mobile Mini (NASDAQ:MINI) last released its quarterly earnings data on Monday, April 22nd. The industrial products company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. The company had revenue of $149.66 million for the quarter, compared to analyst estimates of $147.30 million. Mobile Mini had a negative net margin of 0.80% and a positive return on equity of 9.27%. Mobile Mini’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. Sell-side analysts anticipate that Mobile Mini will post 1.93 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Mobile Mini by 0.5% during the 4th quarter. BlackRock Inc. now owns 6,501,515 shares of the industrial products company’s stock worth $206,425,000 after buying an additional 35,387 shares during the period. SG Capital Management LLC boosted its holdings in shares of Mobile Mini by 119.6% during the 1st quarter. SG Capital Management LLC now owns 529,684 shares of the industrial products company’s stock worth $17,977,000 after buying an additional 288,443 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Mobile Mini by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 511,235 shares of the industrial products company’s stock worth $16,231,000 after buying an additional 43,042 shares during the period. Norges Bank bought a new stake in shares of Mobile Mini during the 4th quarter worth about $12,560,000. Finally, Millennium Management LLC boosted its holdings in shares of Mobile Mini by 285.0% during the 4th quarter. Millennium Management LLC now owns 163,057 shares of the industrial products company’s stock worth $5,177,000 after buying an additional 120,702 shares during the period. 96.83% of the stock is owned by institutional investors and hedge funds.

Mobile Mini Company Profile

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 & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices serving construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for application in the storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods.

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