Key Points
- Insider selling: Trease Kristina Van sold 3,783 shares of McGrath RentCorp at an average price of $113.65, for about $429,938. After the sale, she still held 6,533 shares, cutting her position by 36.67%.
- Recent financial results: McGrath RentCorp reported quarterly EPS of $1.10, which missed analyst expectations by $0.03, though revenue of $198.54 million was roughly in line with estimates.
- Dividend and analyst outlook: The company declared a quarterly dividend of $0.495 per share, yielding 1.7% annually, and analysts currently have a Moderate Buy consensus with an average price target of $141.50.
McGrath RentCorp (NASDAQ:MGRC - Get Free Report) insider Trease Kristina Van sold 3,783 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $113.65, for a total value of $429,937.95. Following the sale, the insider owned 6,533 shares in the company, valued at approximately $742,475.45. The trade was a 36.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Trease Kristina Van also recently made the following trade(s):
- On Friday, May 15th, Trease Kristina Van sold 539 shares of McGrath RentCorp stock. The shares were sold at an average price of $115.00, for a total value of $61,985.00.
McGrath RentCorp Price Performance
Shares of McGrath RentCorp stock opened at $115.09 on Friday. McGrath RentCorp has a one year low of $94.99 and a one year high of $128.41. The stock's 50-day moving average is $112.35 and its 200 day moving average is $110.45. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.17 and a beta of 0.44.
McGrath RentCorp (NASDAQ:MGRC - Get Free Report) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.03). McGrath RentCorp had a net margin of 16.38% and a return on equity of 12.84%. The business had revenue of $198.54 million for the quarter, compared to the consensus estimate of $198.19 million. On average, sell-side analysts expect that McGrath RentCorp will post 6.35 EPS for the current fiscal year.
McGrath RentCorp Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $0.495 per share. The ex-dividend date is Friday, July 17th. This represents a $1.98 annualized dividend and a dividend yield of 1.7%. McGrath RentCorp's dividend payout ratio is presently 31.43%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new position in McGrath RentCorp during the 3rd quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its stake in McGrath RentCorp by 767.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 269 shares of the financial services provider's stock worth $31,000 after buying an additional 238 shares during the period. Danske Bank A S acquired a new position in McGrath RentCorp during the 3rd quarter worth approximately $47,000. Strs Ohio acquired a new position in McGrath RentCorp during the 1st quarter worth approximately $56,000. Finally, Covestor Ltd raised its stake in McGrath RentCorp by 52.0% during the 4th quarter. Covestor Ltd now owns 1,385 shares of the financial services provider's stock worth $145,000 after buying an additional 474 shares during the period. 92.05% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered McGrath RentCorp from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $141.50.
Get Our Latest Stock 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.
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