McGrath RentCorp (NASDAQ:MGRC) Director Sells $904,800.00 in Stock

Posted by Francis Steltz on Jul 2nd, 2026

McGrath RentCorp (NASDAQ:MGRC – Get Free Report) Director Joseph Hanna sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $120.64, for a total value of $904,800.00. Following the completion of the transaction, the director owned 151,549 shares in the company, valued at $18,282,871.36. This represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

McGrath RentCorp Trading Down 1.7%

MGRC stock traded down $1.98 during midday trading on Thursday, hitting $117.91. 174,352 shares of the company’s stock were exchanged, compared to its average volume of 235,947. McGrath RentCorp has a 1-year low of $94.99 and a 1-year high of $128.41. The stock has a market capitalization of $2.90 billion, a PE ratio of 18.72, a P/E/G ratio of 1.22 and a beta of 0.43. The business has a 50-day simple moving average of $114.16 and a two-hundred day simple moving average of $111.99.

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

McGrath RentCorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a dividend of $0.495 per share. This represents a $1.98 annualized dividend 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 31.43%.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on McGrath RentCorp

Hedge Funds Weigh In On McGrath RentCorp

Institutional investors have recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in McGrath RentCorp by 0.7% during the 2nd quarter. American Century Companies Inc. now owns 12,263 shares of the financial services provider’s stock worth $1,422,000 after purchasing an additional 85 shares during the last quarter. Diversified Trust Co. grew its position in shares of McGrath RentCorp by 4.6% in the 4th quarter. Diversified Trust Co. now owns 2,332 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 103 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of 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 valued at $2,632,000 after acquiring an additional 119 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of McGrath RentCorp by 6.9% in the 4th quarter. Neuberger Berman Group LLC now owns 1,948 shares of the financial services provider’s stock worth $204,000 after buying an additional 126 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of McGrath RentCorp by 1.0% during the fourth quarter. Osaic Holdings Inc. now owns 15,596 shares of the financial services provider’s stock valued at $1,636,000 after purchasing an additional 149 shares during the last quarter. 92.05% of the stock is owned by institutional investors and hedge funds.

McGrath RentCorp Company Profile

(Get Free Report)

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.