Mobile Mini, Inc. (MINI) Given Consensus Recommendation of “Hold” by Brokerages
Mobile Mini, Inc. (NASDAQ:MINI) has received an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $35.33.
A number of equities research analysts have weighed in on MINI shares. Zacks Investment Research lowered Mobile Mini from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. BidaskClub upgraded Mobile Mini from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Needham & Company LLC restated a “buy” rating and issued a $38.00 price objective on shares of Mobile Mini in a report on Friday, September 1st. Robert W. Baird set a $34.00 price objective on shares of Mobile Mini and gave the stock a “hold” rating in a research note on Sunday, September 10th. Finally, KeyCorp reiterated a “hold” rating on shares of Mobile Mini in a report on Wednesday.
Mobile Mini (NASDAQ MINI) traded down 0.43% during midday trading on Wednesday, hitting $34.80. The company had a trading volume of 33,137 shares. Mobile Mini has a 52 week low of $23.40 and a 52 week high of $37.05. The stock has a 50 day moving average price of $31.24 and a 200 day moving average price of $29.84. The company has a market capitalization of $1.53 billion, a P/E ratio of 30.23 and a beta of 2.27.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings results on Friday, July 21st. The industrial products company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $126.03 million. During the same period in the prior year, the firm posted $0.25 EPS. The business’s revenue was up 1.5% on a year-over-year basis. Equities analysts forecast that Mobile Mini will post $1.21 earnings per share for the current fiscal year.
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In related news, Director Lawrence Trachtenberg sold 10,000 shares of the business’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 transaction, the director now directly owns 38,181 shares in the company, valued at approximately $1,206,137.79. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Mark Funk sold 16,339 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $30.42, for a total value of $497,032.38. Following the transaction, the chief financial officer now owns 170,291 shares in the company, valued at $5,180,252.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,065 shares of company stock valued at $4,832,212. Insiders own 6.50% of the company’s stock.
A number of large investors have recently made changes to their positions 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. Vanguard Group Inc. boosted its holdings in Mobile Mini by 1.5% in the second quarter. Vanguard Group Inc. now owns 4,145,434 shares of the industrial products company’s stock worth $123,741,000 after acquiring an additional 62,522 shares in the last quarter. Northern Trust Corp boosted its holdings 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 worth $54,907,000 after acquiring an additional 434,522 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Mobile Mini by 16.3% in the second quarter. Goldman Sachs Group Inc. now owns 1,256,085 shares of the industrial products company’s stock worth $37,494,000 after acquiring an additional 176,510 shares in the last quarter. Finally, State Street Corp boosted its holdings in Mobile Mini by 5.4% in the second quarter. State Street Corp now owns 1,144,832 shares of the industrial products company’s stock worth $34,179,000 after acquiring an additional 58,990 shares in 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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