McGrath RentCorp (NASDAQ:MGRC) Director Joseph Hanna Sells 530 Shares

Posted by Geri Gentry on May 5th, 2026

McGrath RentCorp (NASDAQ:MGRC – Get Free Report) Director Joseph Hanna sold 530 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $112.00, for a total value of $59,360.00. Following the completion of the transaction, the director directly owned 159,049 shares of the company’s stock, valued at approximately $17,813,488. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

McGrath RentCorp Price Performance

MGRC stock traded up $1.59 during midday trading on Tuesday, reaching $113.06. The company had a trading volume of 170,261 shares, compared to its average volume of 185,977. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 1.11 and a beta of 0.45. The stock has a 50 day moving average price of $110.81 and a 200-day moving average price of $109.83. McGrath RentCorp has a 1-year low of $94.99 and a 1-year high of $128.41.

McGrath RentCorp (NASDAQ:MGRC – Get Free Report) 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 during the quarter, compared to the consensus estimate 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 anticipate that McGrath RentCorp will post 6.35 earnings per share for the current year.

McGrath RentCorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were paid a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 1.8%. This is a positive change from McGrath RentCorp’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Thursday, April 16th. McGrath RentCorp’s payout ratio is 31.43%.

Hedge Funds Weigh In On McGrath RentCorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp bought a new position in McGrath RentCorp in the 1st quarter valued at approximately $6,990,000. Hudson Edge Investment Partners Inc. lifted its stake in McGrath RentCorp by 125.4% in the 1st quarter. Hudson Edge Investment Partners Inc. now owns 7,713 shares of the financial services provider’s stock valued at $851,000 after purchasing an additional 4,291 shares during the last quarter. Inspire Investing LLC increased its holdings in McGrath RentCorp by 4.4% in the 1st quarter. Inspire Investing LLC now owns 4,652 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 198 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in McGrath RentCorp by 13.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,075 shares of the financial services provider’s stock worth $449,000 after purchasing an additional 476 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in McGrath RentCorp by 29.8% in the 1st quarter. SG Americas Securities LLC now owns 40,648 shares of the financial services provider’s stock worth $4,483,000 after purchasing an additional 9,340 shares in the last quarter. Institutional investors own 92.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MGRC. Weiss Ratings reissued a “hold (c+)” rating on shares of McGrath RentCorp in a research note on Friday, April 24th. Zacks Research raised McGrath RentCorp from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 15th. Finally, Barclays assumed coverage on McGrath RentCorp in a research note on Wednesday, February 11th. They issued an “overweight” rating and a $140.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, McGrath RentCorp has an average rating of “Moderate Buy” and an average target price of $141.50.

Check Out Our Latest Report on McGrath RentCorp

About McGrath RentCorp

(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.