McGrath RentCorp (NASDAQ:MGRC – Get Free Report) insider Trease Kristina Van sold 3,783 shares of McGrath RentCorp stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $113.65, for a total value of $429,937.95. Following the completion of the transaction, the insider owned 6,533 shares in the company, valued at approximately $742,475.45. The trade was a 36.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $115.00, for a total value of $61,985.00.
McGrath RentCorp Stock Performance
Shares of MGRC opened at $115.09 on Friday. McGrath RentCorp has a 52-week low of $94.99 and a 52-week high of $128.41. The business’s fifty day moving average is $112.35 and its 200-day moving average is $110.45. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.17 and a beta of 0.44.
McGrath RentCorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $0.495 dividend. The ex-dividend date is Friday, July 17th. This represents a $1.98 annualized dividend and a dividend yield of 1.7%. McGrath RentCorp’s dividend payout ratio (DPR) is presently 31.43%.
Analyst Ratings Changes
Separately, Weiss Ratings lowered McGrath RentCorp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, McGrath RentCorp has an average rating of “Moderate Buy” and a consensus price target of $141.50.
View Our Latest Research Report on McGrath RentCorp
Institutional Investors Weigh In On McGrath RentCorp
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. River Road Asset Management LLC grew its position in McGrath RentCorp by 3.1% during the 4th quarter. River Road Asset Management LLC now owns 2,131,121 shares of the financial services provider’s stock worth $223,619,000 after acquiring an additional 64,566 shares during the last quarter. Eminence Capital LP grew its position in McGrath RentCorp by 0.5% during the 4th quarter. Eminence Capital LP now owns 949,673 shares of the financial services provider’s stock worth $99,649,000 after acquiring an additional 4,701 shares during the last quarter. Dimensional Fund Advisors LP grew its position in McGrath RentCorp by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 906,954 shares of the financial services provider’s stock worth $100,019,000 after acquiring an additional 47,451 shares during the last quarter. Victory Capital Management Inc. grew its position in McGrath RentCorp by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 900,181 shares of the financial services provider’s stock worth $94,456,000 after acquiring an additional 6,552 shares during the last quarter. Finally, Channing Capital Management LLC lifted its holdings 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 buying an additional 235,311 shares during the period. Institutional investors own 92.05% of the company’s stock.
McGrath RentCorp Company 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.
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