Mobile Mini (MINI) Downgraded to Buy at BidaskClub

BidaskClub downgraded shares of Mobile Mini (NASDAQ:MINI) from a strong-buy rating to a buy rating in a research note released on Wednesday morning.

Several other research firms have also recently weighed in on MINI. Sidoti upgraded shares of Mobile Mini from a neutral rating to a buy rating and set a $52.00 price objective on the stock in a research report on Monday, February 5th. SunTrust Banks upped their target price on Mobile Mini to $44.00 and gave the stock a hold rating in a research note on Monday, February 5th. They noted that the move was a valuation call. Oppenheimer upped their target price on Mobile Mini from $36.00 to $45.00 and gave the stock an outperform rating in a research note on Tuesday, February 6th. Robert W. Baird set a $46.00 target price on Mobile Mini and gave the stock a hold rating in a research note on Monday, February 5th. Finally, Zacks Investment Research raised Mobile Mini from a hold rating to a buy rating and set a $49.00 target price for the company in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Mobile Mini presently has a consensus rating of Buy and a consensus price target of $45.71.

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Shares of MINI stock traded up $1.25 during trading on Wednesday, hitting $43.80. The company had a trading volume of 138,358 shares, compared to its average volume of 226,747. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1,954.27, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 1.88 and a beta of 1.99. Mobile Mini has a 52 week low of $26.70 and a 52 week high of $46.10.

Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings data on Friday, April 20th. The industrial products company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). The company had revenue of $132.30 million during the quarter, compared to the consensus estimate of $133.18 million. Mobile Mini had a return on equity of 6.73% and a net margin of 23.05%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the company posted $0.25 earnings per share. sell-side analysts forecast that Mobile Mini will post 1.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 30th. Stockholders of record on Wednesday, May 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Tuesday, May 15th. Mobile Mini’s dividend payout ratio (DPR) is presently 86.21%.

In related news, Director Jeffrey S. Goble sold 5,000 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $44.44, for a total value of $222,200.00. Following the completion of the sale, the director now owns 15,503 shares of the company’s stock, valued at $688,953.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederick G. Mcnamee sold 8,000 shares of the firm’s stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $44.16, for a total value of $353,280.00. Following the completion of the sale, the director now directly owns 10,393 shares of the company’s stock, valued at approximately $458,954.88. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in MINI. Jennison Associates LLC lifted its stake in Mobile Mini by 13.3% in the fourth quarter. Jennison Associates LLC now owns 3,300,023 shares of the industrial products company’s stock worth $113,851,000 after acquiring an additional 388,252 shares during the period. Tygh Capital Management Inc. bought a new position in Mobile Mini in the fourth quarter worth $5,374,000. BlackRock Inc. raised its holdings in Mobile Mini by 2.8% in the fourth quarter. BlackRock Inc. now owns 5,575,819 shares of the industrial products company’s stock worth $192,366,000 after purchasing an additional 153,640 shares in the last quarter. Deutsche Bank AG raised its holdings in Mobile Mini by 110.3% in the fourth quarter. Deutsche Bank AG now owns 116,805 shares of the industrial products company’s stock worth $4,028,000 after purchasing an additional 61,258 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Mobile Mini in the fourth quarter worth $2,094,000.

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 and Pump Solutions. The company offers various portable storage and office products, such as steel storage containers and steel ground level offices serving retailers, construction companies, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for use in a range of applications, including storage of construction materials and equipment, retail and manufacturing inventory, maintenance supplies, documents and records, and household goods.

Analyst Recommendations for Mobile Mini (NASDAQ:MINI)

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