McGrath RentCorp (NASDAQ:MGRC) Director Elizabeth A. Fetter sold 350 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $46.21, for a total transaction of $16,173.50. Following the transaction, the director now owns 5,050 shares in the company, valued at $233,360.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of McGrath RentCorp (MGRC) traded down $0.16 on Monday, reaching $45.83. 87,900 shares of the company were exchanged, compared to its average volume of 73,342. McGrath RentCorp has a twelve month low of $32.09 and a twelve month high of $49.66. The firm has a market cap of $1,101.39, a price-to-earnings ratio of 24.12, a P/E/G ratio of 2.25 and a beta of 0.99.

McGrath RentCorp (NASDAQ:MGRC) last announced its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.12. McGrath RentCorp had a net margin of 10.32% and a return on equity of 11.44%. The business had revenue of $135.39 million for the quarter, compared to analyst estimates of $124.90 million. During the same quarter in the prior year, the business earned $0.54 EPS. McGrath RentCorp’s quarterly revenue was up 11.0% on a year-over-year basis. equities research analysts predict that McGrath RentCorp will post 2.04 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, October 16th. This represents a $1.04 dividend on an annualized basis and a yield of 2.27%. McGrath RentCorp’s dividend payout ratio (DPR) is currently 54.74%.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. grew its stake in McGrath RentCorp by 3.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 162,836 shares of the financial services provider’s stock valued at $5,640,000 after buying an additional 4,754 shares during the last quarter. AQR Capital Management LLC grew its stake in McGrath RentCorp by 16.4% in the 1st quarter. AQR Capital Management LLC now owns 99,768 shares of the financial services provider’s stock valued at $3,349,000 after buying an additional 14,031 shares during the last quarter. Bank of America Corp DE grew its stake in McGrath RentCorp by 9.7% in the 1st quarter. Bank of America Corp DE now owns 9,417 shares of the financial services provider’s stock valued at $316,000 after buying an additional 830 shares during the last quarter. JPMorgan Chase & Co. grew its stake in McGrath RentCorp by 1.3% in the 1st quarter. JPMorgan Chase & Co. now owns 40,743 shares of the financial services provider’s stock valued at $1,368,000 after buying an additional 509 shares during the last quarter. Finally, Comerica Bank grew its stake in McGrath RentCorp by 5.5% in the 2nd quarter. Comerica Bank now owns 73,046 shares of the financial services provider’s stock valued at $2,521,000 after buying an additional 3,803 shares during the last quarter. Institutional investors and hedge funds own 81.97% of the company’s stock.

MGRC has been the topic of several recent analyst reports. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of McGrath RentCorp in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of McGrath RentCorp from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Saturday, August 5th. Finally, BidaskClub upgraded shares of McGrath RentCorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th.

McGrath RentCorp Company Profile

McGrath RentCorp is a diversified business-to-business rental company. The Company operates through four business segments: modular building and portable storage segment (Mobile Modular); electronic test equipment segment (TRS-RenTelco); a subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and a subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex).

Insider Buying and Selling by Quarter for McGrath RentCorp (NASDAQ:MGRC)

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