McGrath RentCorp (NASDAQ:MGRC) CFO Keith E. Pratt sold 1,412 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $46.01, for a total transaction of $64,966.12. Following the sale, the chief financial officer now owns 28,118 shares in the company, valued at $1,293,709.18. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of McGrath RentCorp (NASDAQ:MGRC) traded down $0.16 during trading hours on Monday, hitting $45.83. 87,900 shares of the stock were exchanged, compared to its average volume of 73,342. The company has a market cap of $1,101.39, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.25 and a beta of 0.99. McGrath RentCorp has a 1 year low of $32.09 and a 1 year high of $49.66.

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

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

ILLEGAL ACTIVITY NOTICE: This story was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/11/13/insider-selling-mcgrath-rentcorp-mgrc-cfo-sells-1412-shares-of-stock.html.

Several large investors have recently modified their holdings of MGRC. Vanguard Group Inc. increased its holdings in shares of McGrath RentCorp by 17.0% in the 1st quarter. Vanguard Group Inc. now owns 2,093,570 shares of the financial services provider’s stock worth $70,282,000 after buying an additional 304,573 shares during the last quarter. Chartwell Investment Partners LLC bought a new position in shares of McGrath RentCorp in the 2nd quarter worth $3,858,000. HCSF Management LLC increased its holdings in shares of McGrath RentCorp by 36.9% in the 2nd quarter. HCSF Management LLC now owns 387,830 shares of the financial services provider’s stock worth $13,431,000 after buying an additional 104,610 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of McGrath RentCorp by 4.2% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,119,041 shares of the financial services provider’s stock worth $38,752,000 after buying an additional 45,353 shares during the last quarter. Finally, SG Capital Management LLC bought a new position in shares of McGrath RentCorp in the 3rd quarter worth $1,934,000. 81.97% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on MGRC shares. Zacks Investment Research lowered shares of McGrath RentCorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub raised shares of McGrath RentCorp from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of McGrath RentCorp in a report on Wednesday, November 1st.

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)

Receive News & Ratings for McGrath RentCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McGrath RentCorp and related companies with MarketBeat.com's FREE daily email newsletter.