McGrath RentCorp (NASDAQ:MGRC) VP John Lieffrig Sells 500 Shares

McGrath RentCorp (NASDAQ:MGRC) VP John Lieffrig sold 500 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $125.00, for a total transaction of $62,500.00. Following the completion of the transaction, the vice president owned 23,551 shares of the company’s stock, valued at $2,943,875. This trade represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Lieffrig also recently made the following trade(s):

• On Thursday, June 25th, John Lieffrig sold 2,000 shares of McGrath RentCorp stock. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00.

McGrath RentCorp Price Performance

McGrath RentCorp stock opened at $121.55 on Tuesday. McGrath RentCorp has a 12-month low of $94.99 and a 12-month high of $128.41. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.25 and a beta of 0.44. The firm’s fifty day moving average price is $113.78 and its 200 day moving average price is $111.74.

McGrath RentCorp (NASDAQ:MGRC) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.10 earnings per share 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 analysts’ expectations of $198.19 million. McGrath RentCorp had a net margin of 16.38% and a return on equity of 12.84%. Analysts forecast that McGrath RentCorp will post 6.35 earnings per share for the current fiscal year.

McGrath RentCorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a $0.495 dividend. The ex-dividend date is Friday, July 17th. This represents a $1.98 annualized dividend and a dividend yield of 1.6%. McGrath RentCorp’s payout ratio is 31.43%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded McGrath RentCorp from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.50.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd acquired a new position in McGrath RentCorp during the 3rd quarter worth $29,000. EverSource Wealth Advisors LLC raised its stake in shares of McGrath RentCorp by 767.7% in the 2nd 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 in the last quarter. Danske Bank A S acquired a new stake in shares of McGrath RentCorp in the 3rd quarter valued at about $47,000. Strs Ohio bought a new position in shares of McGrath RentCorp during the first quarter worth about $56,000. Finally, Covestor Ltd lifted its position in shares of McGrath RentCorp by 52.0% during the fourth 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. 92.05% of the stock is currently owned by institutional investors.

McGrath RentCorp Company Profile

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.