Zacks Investment Research downgraded shares of Mobile Mini (NASDAQ:MINI) from a hold rating to a sell rating in a research note released 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. “

MINI has been the topic of several other reports. BidaskClub cut shares of Vertex Pharmaceuticals from a buy rating to a hold rating in a research note on Tuesday, July 9th. ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a research note on Monday, May 13th. Finally, Noble Financial raised 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. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Mobile Mini has an average rating of Hold and a consensus target price of $46.33.

MINI opened at $33.97 on Friday. Mobile Mini has a one year low of $29.46 and a one year high of $48.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.17 and a quick ratio of 0.15. The firm’s 50 day moving average is $31.08. The company has a market capitalization of $1.50 billion, a PE ratio of 20.71, a P/E/G ratio of 1.23 and a beta of 1.66.

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

A number of hedge funds have recently made changes to their positions in MINI. Norges Bank bought a new position in Mobile Mini in the fourth quarter valued at approximately $12,560,000. SG Capital Management LLC boosted its position in shares of Mobile Mini by 119.6% during the first quarter. SG Capital Management LLC now owns 529,684 shares of the industrial products company’s stock worth $17,977,000 after purchasing an additional 288,443 shares in the last quarter. Millennium Management LLC boosted its position in shares of Mobile Mini by 285.0% during the fourth quarter. Millennium Management LLC now owns 163,057 shares of the industrial products company’s stock worth $5,177,000 after purchasing an additional 120,702 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Mobile Mini by 142.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 112,461 shares of the industrial products company’s stock worth $3,571,000 after purchasing an additional 66,133 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Mobile Mini by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 511,235 shares of the industrial products company’s stock worth $16,231,000 after purchasing an additional 43,042 shares in the last quarter. 96.83% of the stock is currently owned by hedge funds and other institutional investors.

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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