McGrath RentCorp (NASDAQ:MGRC) Insider Trease Kristina Van Sells 3,783 Shares

McGrath RentCorp (NASDAQ:MGRC) insider Trease Kristina Van sold 3,783 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $113.65, for a total transaction of $429,937.95. Following the sale, the insider owned 6,533 shares in the company, valued at $742,475.45. The trade was a 36.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Trease Kristina Van also recently made the following trade(s):

• On Friday, May 15th, Trease Kristina Van sold 539 shares of McGrath RentCorp stock. The stock was sold at an average price of $115.00, for a total transaction of $61,985.00.

McGrath RentCorp Trading Up 0.2%

McGrath RentCorp stock traded up $0.25 during trading hours on Friday, reaching $115.09. 89,850 shares of the stock were exchanged, compared to its average volume of 179,311. The company has a market cap of $2.83 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.15 and a beta of 0.44. McGrath RentCorp has a twelve month low of $94.99 and a twelve month high of $128.41. The stock has a 50 day moving average of $112.29 and a two-hundred day moving average of $110.42.

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

McGrath RentCorp Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of McGrath RentCorp by 690,151.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 296,808 shares of the financial services provider’s stock valued at $31,144,000 after acquiring an additional 296,765 shares during the last quarter. Channing Capital Management LLC grew its position in McGrath RentCorp by 39.1% during the 4th quarter. Channing Capital Management LLC now owns 836,894 shares of the financial services provider’s stock worth $87,815,000 after acquiring an additional 235,311 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in McGrath RentCorp by 752.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 237,506 shares of the financial services provider’s stock worth $24,922,000 after purchasing an additional 209,646 shares in the last quarter. Raymond James Financial Inc. increased its holdings in McGrath RentCorp by 102.8% in the 3rd quarter. Raymond James Financial Inc. now owns 303,205 shares of the financial services provider’s stock worth $35,566,000 after purchasing an additional 153,701 shares in the last quarter. Finally, Tredje AP fonden bought a new position in McGrath RentCorp in the fourth quarter valued at about $12,246,000. 92.05% of the stock is currently owned by institutional investors and hedge funds.

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.