Mobile Mini, Inc. (NASDAQ:MINI)‘s stock had its “hold” rating reaffirmed by equities researchers at KeyCorp in a research note issued to investors on Wednesday, October 4th.
A number of other brokerages have also recently issued reports on MINI. Zacks Investment Research cut shares of Mobile Mini from a “hold” rating to a “sell” rating in a research note on Thursday, September 21st. Robert W. Baird set a $34.00 target price on shares of Mobile Mini and gave the company a “hold” rating in a research note on Sunday, September 10th. Needham & Company LLC reiterated a “buy” rating and set a $38.00 price objective on shares of Mobile Mini in a research report on Friday, September 1st. Finally, BidaskClub lowered shares of Mobile Mini from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $35.33.
Mobile Mini (MINI) traded down 0.15% during midday trading on Wednesday, reaching $34.10. The company had a trading volume of 28,479 shares. Mobile Mini has a 12 month low of $23.40 and a 12 month high of $37.05. The firm has a 50-day moving average of $32.58 and a 200-day moving average of $30.13. The stock has a market cap of $1.50 billion, a P/E ratio of 29.63 and a beta of 2.26.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings data on Friday, July 21st. The industrial products company reported $0.24 earnings per share 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 the consensus estimate of $126.03 million. During the same quarter last year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities analysts expect that Mobile Mini will post $1.21 EPS 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 shares were sold at an average price of $31.59, for a total value of $315,900.00. Following the completion of the sale, the director now owns 38,181 shares of the company’s stock, valued at approximately $1,206,137.79. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Mark Funk sold 3,699 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $31.52, for a total transaction of $116,592.48. Following the completion of the sale, the chief financial officer now directly owns 153,260 shares of the company’s stock, valued at approximately $4,830,755.20. 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 owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its holdings in shares of Mobile Mini by 19.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 142,312 shares of the industrial products company’s stock worth $4,248,000 after buying an additional 23,216 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Mobile Mini by 14.0% during the second quarter. Aperio Group LLC now owns 13,192 shares of the industrial products company’s stock worth $394,000 after buying an additional 1,621 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in shares of Mobile Mini by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 41,771 shares of the industrial products company’s stock worth $1,274,000 after buying an additional 6,304 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Mobile Mini by 15.4% in the first quarter. Bank of America Corp DE now owns 330,816 shares of the industrial products company’s stock valued at $10,090,000 after purchasing an additional 44,165 shares during the period. Finally, Comerica Bank grew its holdings in shares of Mobile Mini by 23.1% in the second quarter. Comerica Bank now owns 125,930 shares of the industrial products company’s stock valued at $3,847,000 after purchasing an additional 23,605 shares during the period.
Mobile Mini Company Profile
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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