Mobile Mini (NASDAQ:MINI) PT Raised to $45.00 at Needham & Company LLC

Mobile Mini (NASDAQ:MINI) had its price objective hoisted by Needham & Company LLC from $38.00 to $45.00 in a research report report published on Wednesday, January 31st, Marketbeat.com reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Oppenheimer reaffirmed a buy rating and issued a $36.00 price objective on shares of Mobile Mini in a research note on Monday, October 23rd. BidaskClub raised shares of Mobile Mini from a hold rating to a buy rating in a research note on Wednesday, December 27th. Deutsche Bank started coverage on shares of Mobile Mini in a research report on Tuesday, January 23rd. They set a hold rating and a $39.00 price target for the company. Zacks Investment Research raised shares of Mobile Mini from a sell rating to a hold rating in a research report on Wednesday, December 27th. Finally, Robert W. Baird restated a hold rating and issued a $34.00 price objective on shares of Mobile Mini in a report on Thursday, October 12th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $45.71.

Shares of Mobile Mini (MINI) opened at $41.15 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.17 and a current ratio of 0.19. Mobile Mini has a twelve month low of $26.70 and a twelve month high of $46.10. The firm has a market cap of $1,825.87, a P/E ratio of 35.17, a P/E/G ratio of 1.78 and a beta of 2.29.

Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Friday, February 2nd. The industrial products company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05. Mobile Mini had a net margin of 22.91% and a return on equity of 6.49%. The business had revenue of $146.70 million during the quarter, compared to analysts’ expectations of $140.60 million. During the same quarter in the previous year, the company earned $0.48 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. analysts forecast that Mobile Mini will post 1.65 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.43%. This is a positive change from Mobile Mini’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, February 27th. Mobile Mini’s dividend payout ratio (DPR) is presently 33.09%.

In related news, Director Stephen A. Mcconnell sold 4,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $36.10, for a total value of $144,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.50% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in MINI. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Mobile Mini by 103.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 17,623 shares of the industrial products company’s stock worth $526,000 after buying an additional 8,953 shares during the last quarter. Riverbridge Partners LLC raised its stake in Mobile Mini by 53.6% during the 3rd quarter. Riverbridge Partners LLC now owns 1,330,145 shares of the industrial products company’s stock worth $45,823,000 after acquiring an additional 464,332 shares during the period. Parametric Portfolio Associates LLC raised its stake in Mobile Mini by 17.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 104,731 shares of the industrial products company’s stock worth $3,126,000 after acquiring an additional 15,342 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Mobile Mini by 6.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 251,130 shares of the industrial products company’s stock worth $7,497,000 after acquiring an additional 14,900 shares during the period. Finally, State Street Corp raised its stake in Mobile Mini by 5.4% during the 2nd 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 during the period.

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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.

Analyst Recommendations for Mobile Mini (NASDAQ:MINI)

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