Robert W. Baird Reiterates “$34.00” Price Target for Mobile Mini, Inc. (MINI)
Robert W. Baird set a $34.00 target price on Mobile Mini, Inc. (NASDAQ:MINI) in a report published on Sunday morning. The brokerage currently has a hold rating on the industrial products company’s stock.
A number of other brokerages have also recently commented on MINI. Zacks Investment Research cut shares of Mobile Mini from a hold rating to a sell rating in a report on Wednesday, July 26th. Needham & Company LLC reaffirmed a buy rating and set a $38.00 target price on shares of Mobile Mini in a report on Friday, September 1st. Finally, BidaskClub raised shares of Mobile Mini from a hold rating to a buy rating in a report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $34.75.
Mobile Mini (NASDAQ MINI) opened at 31.75 on Friday. The company has a market capitalization of $1.39 billion, a P/E ratio of 27.58 and a beta of 2.22. The firm has a 50-day moving average of $30.38 and a 200 day moving average of $29.68. Mobile Mini has a one year low of $23.40 and a one year high of $37.05.
Mobile Mini (NASDAQ:MINI) last announced its earnings results on Friday, July 21st. The industrial products company reported $0.24 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 business had revenue of $126.70 million for the quarter, compared to analysts’ expectations of $126.03 million. During the same period in the prior year, the company posted $0.25 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities analysts forecast that Mobile Mini will post $1.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th were given a $0.227 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.86%. Mobile Mini’s payout ratio is currently 78.45%.
In other Mobile Mini news, Director Lawrence Trachtenberg sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $31.59, for a total value of $315,900.00. Following the completion of the transaction, 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 accessible through the SEC website. Also, insider Mark Funk sold 41,020 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $31.82, for a total transaction of $1,305,256.40. Following the completion of the transaction, the insider now owns 153,260 shares of the company’s stock, valued at $4,876,733.20. 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. Company insiders own 6.50% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of MINI. BlackRock Inc. boosted its position 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 purchasing an additional 5,416,095 shares during the period. Deprince Race & Zollo Inc. bought a new position in shares of Mobile Mini during the first quarter worth $18,801,000. Northern Trust Corp boosted its position in shares of Mobile Mini by 30.9% during the second quarter. Northern Trust Corp now owns 1,839,418 shares of the industrial products company’s stock worth $54,907,000 after acquiring an additional 434,522 shares during the last quarter. SG Capital Management LLC bought a new position in shares of Mobile Mini during the second quarter worth $9,900,000. Finally, Vanguard Group Inc. boosted its position in shares of Mobile Mini by 8.1% during the first quarter. Vanguard Group Inc. now owns 4,082,912 shares of the industrial products company’s stock worth $124,529,000 after acquiring an additional 304,886 shares during the last quarter.
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.
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