Jackson Creek Investment Advisors LLC Takes Position in McGrath RentCorp $MGRC

Jackson Creek Investment Advisors LLC bought a new stake in shares of McGrath RentCorp (NASDAQ:MGRC) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,620 shares of the financial services provider’s stock, valued at approximately $1,246,000.

A number of other institutional investors have also recently added to or reduced their stakes in MGRC. American Century Companies Inc. raised its position in McGrath RentCorp by 0.7% in the second quarter. American Century Companies Inc. now owns 12,263 shares of the financial services provider’s stock valued at $1,422,000 after purchasing an additional 85 shares during the period. Coldstream Capital Management Inc. raised its holdings in shares of McGrath RentCorp by 0.5% during the 2nd quarter. Coldstream Capital Management Inc. now owns 18,688 shares of the financial services provider’s stock valued at $2,167,000 after buying an additional 88 shares during the period. Cim LLC lifted its position in McGrath RentCorp by 2.2% during the 2nd quarter. Cim LLC now owns 4,556 shares of the financial services provider’s stock worth $528,000 after acquiring an additional 99 shares in the last quarter. Summit Global Investments boosted its holdings in McGrath RentCorp by 2.3% in the 2nd quarter. Summit Global Investments now owns 4,971 shares of the financial services provider’s stock worth $576,000 after acquiring an additional 114 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in McGrath RentCorp by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 22,696 shares of the financial services provider’s stock worth $2,632,000 after acquiring an additional 119 shares during the period. 92.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at McGrath RentCorp

In other news, SVP Gilda Malek sold 829 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $107.29, for a total value of $88,943.41. Following the completion of the sale, the senior vice president owned 4,068 shares of the company’s stock, valued at approximately $436,455.72. The trade was a 16.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on MGRC shares. Zacks Research upgraded shares of McGrath RentCorp from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of McGrath RentCorp in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, McGrath RentCorp has an average rating of “Hold” and a consensus price target of $143.00.

McGrath RentCorp Trading Up 3.4%

McGrath RentCorp stock opened at $115.44 on Tuesday. McGrath RentCorp has a 52 week low of $94.99 and a 52 week high of $129.93. The stock has a market cap of $2.84 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 1.09 and a beta of 0.51. The stock has a 50 day moving average of $107.94 and a 200-day moving average of $113.45.

McGrath RentCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, January 16th. McGrath RentCorp’s dividend payout ratio (DPR) is currently 32.83%.

McGrath RentCorp Profile

McGrath RentCorp, through its subsidiaries, provides rental, sales, and servicing of equipment for commercial, industrial, environmental, and residential markets. The company operates primarily through two segments—mobile storage and water management—offering flexible solutions for customers requiring on-site storage, water transport, treatment, and dewatering services.

In its mobile storage segment, McGrath RentCorp supplies portable storage containers and modular office units to sectors including construction, retail, government, and disaster restoration.