Legal & General Group Plc Acquires New Shares in McGrath RentCorp $MGRC

Posted by Stanley Muller on Sep 6th, 2026

Legal & General Group Plc acquired a new position in McGrath RentCorp (NASDAQ:MGRC – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,832 shares of the financial services provider’s stock, valued at approximately $3,005,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in McGrath RentCorp by 767.7% in the second quarter. EverSource Wealth Advisors LLC now owns 269 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 238 shares during the period. Danske Bank A S purchased a new position in shares of McGrath RentCorp during the 3rd quarter worth $47,000. Strs Ohio purchased a new position in shares of McGrath RentCorp during the 1st quarter worth $56,000. Covestor Ltd increased its position in shares of McGrath RentCorp by 52.0% during the 4th quarter. Covestor Ltd now owns 1,385 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 474 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in shares of McGrath RentCorp by 6.9% during the 4th quarter. Neuberger Berman Group LLC now owns 1,948 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 126 shares during the last quarter. Institutional investors and hedge funds own 92.05% of the company’s stock.

McGrath RentCorp Stock Performance

McGrath RentCorp stock opened at $111.59 on Friday. The company has a market capitalization of $2.73 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.13 and a beta of 0.45. McGrath RentCorp has a fifty-two week low of $94.99 and a fifty-two week high of $127.68. The firm has a 50 day moving average price of $117.29 and a 200 day moving average price of $113.90.

McGrath RentCorp (NASDAQ:MGRC – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.10). McGrath RentCorp had a return on equity of 12.44% and a net margin of 16.38%.The firm had revenue of $221.11 million for the quarter, compared to analyst estimates of $236.51 million. As a group, equities research analysts forecast that McGrath RentCorp will post 6.37 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of McGrath RentCorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.50.

Read Our Latest Stock Report on McGrath RentCorp

Insider Transactions at McGrath RentCorp

In other McGrath RentCorp news, CEO Philip Hawkins sold 4,435 shares of McGrath RentCorp stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $120.91, for a total value of $536,235.85. Following the completion of the transaction, the chief executive officer directly owned 13,371 shares of the company’s stock, valued at $1,616,687.61. The trade was a 24.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John Lieffrig sold 500 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $125.00, for a total transaction of $62,500.00. Following the sale, the vice president owned 23,551 shares in the company, valued at $2,943,875. This trade represents a 2.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 25,408 shares of company stock worth $3,014,686. 1.40% of the stock is owned by corporate insiders.

McGrath RentCorp Profile

(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.