Mobile Mini, Inc. (MINI) Downgraded to “Sell” at Zacks Investment Research

Mobile Mini, Inc. (NASDAQ:MINI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday.

According to Zacks, “Mobile Mini, Inc. provides attractive, accessible temporary storage for a diversified customer, including Wal-Mart, Motorola, Frito Lay, Holiday Inns, Target, numerous municipalities and the Department of Defense. They offer a wide range of products in varying lengths and widths with an assortment of differentiated features such as their patented security systems, multiple doors, electrical wiring and shelving. In addition to their leasing operations, they sell new and used portable storage units and provide other ancillary services. “

Other equities research analysts also recently issued research reports about the company. BidaskClub downgraded Mobile Mini from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price objective on shares of Mobile Mini in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Mobile Mini has an average rating of “Hold” and a consensus target price of $34.75.

Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings data on Friday, July 21st. The industrial products company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Mobile Mini had a net margin of 10.03% and a return on equity of 7.52%. The company had revenue of $126.70 million for the quarter, compared to the consensus estimate of $126.03 million. During the same period in the previous year, the business earned $0.25 EPS. Mobile Mini’s revenue for the quarter was up 1.5% compared to the same quarter last year.

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In other Mobile Mini news, Director Lawrence Trachtenberg sold 10,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 38,181 shares in the company, valued at $1,206,137.79. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Mark Funk sold 16,339 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $30.42, for a total value of $497,032.38. Following the completion of the sale, the chief financial officer now owns 170,291 shares of the company’s stock, valued at $5,180,252.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 156,065 shares of company stock valued at $4,832,212. 6.50% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in MINI. BlackRock Inc. raised its stake in Mobile Mini by 97,640.1% in the first quarter. BlackRock Inc. now owns 5,421,642 shares of the industrial products company’s stock valued at $165,361,000 after buying an additional 5,416,095 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new stake in Mobile Mini in the first quarter valued at about $18,801,000. Northern Trust Corp raised its stake in Mobile Mini by 30.9% in the second quarter. Northern Trust Corp now owns 1,839,418 shares of the industrial products company’s stock valued at $54,907,000 after buying an additional 434,522 shares during the last quarter. SG Capital Management LLC purchased a new stake in Mobile Mini in the second quarter valued at about $9,900,000. Finally, Vanguard Group Inc. raised its stake in Mobile Mini by 8.1% in the first quarter. Vanguard Group Inc. now owns 4,082,912 shares of the industrial products company’s stock valued at $124,529,000 after buying an additional 304,886 shares during the last quarter.

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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