Mobile Mini, Inc. (MINI) Earns Buy Rating from Needham & Company LLC
Mobile Mini, Inc. (NASDAQ:MINI)‘s stock had its “buy” rating restated by Needham & Company LLC in a note issued to investors on Friday. They currently have a $38.00 price target on the industrial products company’s stock. Needham & Company LLC’s target price points to a potential upside of 25.62% from the company’s current price.
Several other research analysts also recently issued reports on MINI. BidaskClub upgraded Mobile Mini from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Zacks Investment Research downgraded Mobile Mini from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st.
Shares of Mobile Mini (MINI) opened at 30.25 on Friday. The stock has a 50 day moving average price of $30.09 and a 200-day moving average price of $29.86. Mobile Mini has a 52-week low of $23.40 and a 52-week high of $37.05. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 26.28 and a beta of 2.26.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings results on Friday, July 21st. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 analyst estimates of $126.03 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. Mobile Mini’s revenue was up 1.5% on a year-over-year basis. On average, equities research analysts predict that Mobile Mini will post $1.21 EPS for the current fiscal year.
In related news, CFO Mark Funk sold 16,339 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $30.42, for a total transaction of $497,032.38. Following the completion of the sale, the chief financial officer now directly owns 170,291 shares of the company’s stock, valued at approximately $5,180,252.22. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lawrence Trachtenberg sold 10,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $31.59, for a total transaction of $315,900.00. Following the sale, the director now directly owns 38,181 shares of the company’s stock, valued at $1,206,137.79. The disclosure for this sale can be found here. Insiders sold a total of 156,065 shares of company stock valued at $4,832,212 over the last quarter. 6.50% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of 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 worth $165,361,000 after buying an additional 5,416,095 shares during the period. Deprince Race & Zollo Inc. acquired a new stake in shares of Mobile Mini during the first quarter worth $18,801,000. Northern Trust Corp boosted its stake in shares of 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 worth $54,907,000 after buying an additional 434,522 shares during the period. SG Capital Management LLC acquired a new stake in shares of Mobile Mini during the second quarter worth $9,900,000. Finally, Vanguard Group Inc. boosted its stake in shares of 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 worth $124,529,000 after buying an additional 304,886 shares during the period.
About Mobile Mini
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.
Receive News & Stock Ratings for Mobile Mini Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobile Mini Inc. and related stocks with our FREE daily email newsletter.