Zacks Investment Research upgraded shares of Mobile Mini (NASDAQ:MINI) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, 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 also recently issued reports on MINI. TheStreet downgraded Mobile Mini from a b rating to a c rating in a research note on Friday, February 1st. BidaskClub raised Mobile Mini from a sell rating to a hold rating in a research note on Friday, March 1st. ValuEngine raised Mobile Mini from a sell rating to a hold rating in a research note on Friday, March 1st. Finally, Oppenheimer lowered their price objective on Mobile Mini from $47.00 to $40.00 and set an outperform rating for the company in a research note on Monday, February 4th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Mobile Mini has an average rating of Hold and an average target price of $47.33.

Shares of MINI stock remained flat at $$33.99 on Thursday. 360,245 shares of the stock were exchanged, compared to its average volume of 206,405. The company has a market capitalization of $1.53 billion, a PE ratio of 20.73, a P/E/G ratio of 1.22 and a beta of 1.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.21 and a quick ratio of 0.19. Mobile Mini has a 52-week low of $29.46 and a 52-week high of $50.40.

Mobile Mini (NASDAQ:MINI) last posted its earnings results on Friday, February 1st. The industrial products company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.04). The company had revenue of $160.90 million during the quarter, compared to the consensus estimate of $155.55 million. Mobile Mini had a positive return on equity of 8.74% and a negative net margin of 1.36%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS. Sell-side analysts forecast that Mobile Mini will post 1.96 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC acquired a new stake in Mobile Mini during the 4th quarter valued at approximately $28,000. Belpointe Asset Management LLC acquired a new stake in Mobile Mini during the 3rd quarter valued at approximately $116,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Mobile Mini by 15.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,355 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 459 shares during the period. LS Investment Advisors LLC increased its position in Mobile Mini by 146.2% during the 4th quarter. LS Investment Advisors LLC now owns 3,397 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 2,017 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Mobile Mini during the 3rd quarter valued at approximately $219,000. 98.18% 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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