Mobile Mini (MINI) Price Target Cut to $40.00

Mobile Mini (NASDAQ:MINI) had its price target reduced by Oppenheimer from $47.00 to $40.00 in a report published on Monday, February 4th, The Fly reports. They currently have an outperform rating on the industrial products company’s stock.

MINI has been the topic of a number of other reports. BidaskClub upgraded Mobile Mini from a sell rating to a hold rating in a research report on Thursday, January 31st. ValuEngine cut Mobile Mini from a buy rating to a hold rating in a research report on Friday, November 23rd. Zacks Investment Research upgraded Mobile Mini from a hold rating to a buy rating and set a $47.00 price objective on the stock in a research report on Wednesday, October 24th. Needham & Company LLC boosted their price objective on Mobile Mini to $55.00 and gave the company a buy rating in a research report on Monday, October 22nd. Finally, Robert W. Baird cut Mobile Mini from an outperform rating to a neutral rating and lowered their price objective for the company from $48.00 to $44.00 in a research report on Monday, October 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $47.33.

NASDAQ MINI traded up $1.29 during trading on Monday, hitting $37.30. The company’s stock had a trading volume of 212,894 shares, compared to its average volume of 163,165. The company has a market cap of $1.67 billion, a P/E ratio of 22.74, a P/E/G ratio of 1.32 and a beta of 1.85. The company has a quick ratio of 0.19, a current ratio of 0.21 and a debt-to-equity ratio of 0.38. Mobile Mini has a 52 week low of $29.46 and a 52 week high of $50.40.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 13th. Investors of record on Wednesday, February 27th will be paid a $0.275 dividend. This is a positive change from Mobile Mini’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, February 26th. This represents a $1.10 annualized dividend and a yield of 2.95%. Mobile Mini’s payout ratio is currently 60.98%.

In related news, Director Stephen A. Mcconnell purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The shares were acquired at an average price of $31.85 per share, with a total value of $63,700.00. Following the purchase, the director now directly owns 86,789 shares in the company, valued at $2,764,229.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.30% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in MINI. Piedmont Investment Advisors Inc. boosted its stake in Mobile Mini by 3.4% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 10,631 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 349 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Mobile Mini by 15.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,355 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 459 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Mobile Mini by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 32,105 shares of the industrial products company’s stock worth $1,019,000 after purchasing an additional 706 shares in the last quarter. Quantamental Technologies LLC acquired a new position in Mobile Mini in the fourth quarter worth $28,000. Finally, Texas Permanent School Fund boosted its stake in Mobile Mini by 4.1% in the fourth quarter. Texas Permanent School Fund now owns 29,246 shares of the industrial products company’s stock worth $929,000 after purchasing an additional 1,148 shares in the last quarter. 97.00% of the stock is currently owned by institutional investors and hedge funds.

About Mobile Mini

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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