Insider Selling: McGrath RentCorp (NASDAQ:MGRC) VP Sells $250,000.00 in Stock

McGrath RentCorp (NASDAQ:MGRC) VP John Lieffrig sold 2,000 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the sale, the vice president owned 24,051 shares in the company, valued at $3,006,375. This represents a 7.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Lieffrig also recently made the following trade(s):

• On Friday, June 26th, John Lieffrig sold 500 shares of McGrath RentCorp stock. The shares were sold at an average price of $125.00, for a total transaction of $62,500.00.

McGrath RentCorp Price Performance

NASDAQ MGRC opened at $119.89 on Thursday. The business has a fifty day moving average price of $113.98 and a two-hundred day moving average price of $111.91. The stock has a market capitalization of $2.94 billion, a PE ratio of 19.03, a PEG ratio of 1.23 and a beta of 0.43. McGrath RentCorp has a fifty-two week low of $94.99 and a fifty-two week high of $128.41.

McGrath RentCorp (NASDAQ:MGRC) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.03). McGrath RentCorp had a net margin of 16.38% and a return on equity of 12.84%. The firm had revenue of $198.54 million during the quarter, compared to the consensus estimate of $198.19 million. As a group, sell-side analysts expect that McGrath RentCorp will post 6.35 earnings per share for the current year.

McGrath RentCorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, July 17th. McGrath RentCorp’s dividend payout ratio (DPR) is currently 31.43%.

Analyst Ratings Changes

Separately, Weiss Ratings lowered McGrath RentCorp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, McGrath RentCorp has a consensus rating of “Moderate Buy” and an average price target of $141.50.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd bought a new stake in shares of McGrath RentCorp during the third quarter valued at approximately $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of McGrath RentCorp by 767.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 269 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 238 shares in the last quarter. Danske Bank A S acquired a new stake in McGrath RentCorp in the 3rd quarter valued at $47,000. Strs Ohio acquired a new stake in McGrath RentCorp in the 1st quarter valued at $56,000. Finally, Covestor Ltd grew its position in McGrath RentCorp by 52.0% in the 4th quarter. Covestor Ltd now owns 1,385 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 474 shares during the period. Institutional investors and hedge funds own 92.05% of the company’s stock.

About McGrath RentCorp

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.