McGrath RentCorp (NASDAQ:MGRC) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

McGrath RentCorp (NASDAQ:MGRC)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $113.59 and traded as high as $114.97. McGrath RentCorp shares last traded at $113.92, with a volume of 104,998 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MGRC shares. Weiss Ratings cut McGrath RentCorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 30th. Zacks Research upgraded McGrath RentCorp from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 15th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $143.00.

McGrath RentCorp Price Performance

The company has a market cap of $2.80 billion, a P/E ratio of 19.28, a PEG ratio of 1.11 and a beta of 0.50. The firm’s 50-day moving average is $106.29 and its two-hundred day moving average is $113.59.

McGrath RentCorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $1.94 annualized dividend and a dividend yield of 1.7%. McGrath RentCorp’s payout ratio is currently 32.83%.

Insider Buying and Selling at McGrath RentCorp

In other news, SVP Gilda Malek sold 829 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $107.29, for a total value of $88,943.41. Following the completion of the sale, the senior vice president owned 4,068 shares in the company, valued at approximately $436,455.72. This trade represents a 16.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of McGrath RentCorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MGRC. American Century Companies Inc. lifted its stake in McGrath RentCorp by 0.7% in the second 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. Coldstream Capital Management Inc. lifted its stake in shares of McGrath RentCorp by 0.5% during the 2nd quarter. Coldstream Capital Management Inc. now owns 18,688 shares of the financial services provider’s stock worth $2,167,000 after acquiring an additional 88 shares during the last quarter. Cim LLC boosted its holdings in McGrath RentCorp by 2.2% during the 2nd quarter. Cim LLC now owns 4,556 shares of the financial services provider’s stock valued at $528,000 after acquiring an additional 99 shares during the period. Diversified Trust Co. boosted its holdings in McGrath RentCorp by 4.6% during the 4th quarter. Diversified Trust Co. now owns 2,332 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 103 shares during the period. Finally, Summit Global Investments grew its position in McGrath RentCorp by 2.3% in the 2nd quarter. Summit Global Investments now owns 4,971 shares of the financial services provider’s stock valued at $576,000 after acquiring an additional 114 shares during the last quarter. 92.05% of the stock is owned by hedge funds and other institutional investors.

About McGrath RentCorp

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.