Key Points
- McGrath RentCorp SVP Gilda Malek sold 1,407 shares on June 15 at an average price of $114.04, totaling about $160,454. After the sale, she still held 8,018 shares, a 14.93% reduction in her stake.
- The company recently declared a quarterly dividend of $0.495 per share, payable on July 31 to shareholders of record on July 17. That works out to an annualized dividend of $1.98 and a yield of 1.7%.
- McGrath RentCorp’s latest quarterly earnings missed expectations slightly, reporting $1.10 per share versus the $1.13 consensus, while revenue came in roughly in line at $198.54 million. Analysts currently rate the stock a Moderate Buy with a consensus target price of $141.50.
McGrath RentCorp (NASDAQ:MGRC - Get Free Report) SVP Gilda Malek sold 1,407 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $114.04, for a total value of $160,454.28. Following the completion of the sale, the senior vice president directly owned 8,018 shares of the company's stock, valued at approximately $914,372.72. This represents a 14.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
McGrath RentCorp Price Performance
MGRC opened at $114.08 on Wednesday. McGrath RentCorp has a fifty-two week low of $94.99 and a fifty-two week high of $128.41. The business has a 50-day moving average of $112.61 and a 200-day moving average of $110.67. The company has a market capitalization of $2.80 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 1.16 and a beta of 0.44.
McGrath RentCorp (NASDAQ:MGRC - Get Free Report) last posted its quarterly earnings results 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). McGrath RentCorp had a return on equity of 12.84% and a net margin of 16.38%.The firm had revenue of $198.54 million for the quarter, compared to analysts' expectations of $198.19 million. On average, equities research analysts expect that McGrath RentCorp will post 6.35 earnings per share for the current fiscal year.
McGrath RentCorp Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a dividend of $0.495 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 1.7%. McGrath RentCorp's dividend payout ratio (DPR) is 31.43%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. raised its stake in shares of McGrath RentCorp by 0.7% in the 2nd quarter. American Century Companies Inc. now owns 12,263 shares of the financial services provider's stock valued at $1,422,000 after acquiring an additional 85 shares in the last quarter. Diversified Trust Co. raised its stake in shares of McGrath RentCorp by 4.6% in 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 in the last quarter. California State Teachers Retirement System raised its stake in shares of McGrath RentCorp by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 22,696 shares of the financial services provider's stock valued at $2,632,000 after acquiring an additional 119 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of McGrath RentCorp by 6.9% in the 4th quarter. Neuberger Berman Group LLC now owns 1,948 shares of the financial services provider's stock valued at $204,000 after acquiring an additional 126 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of McGrath RentCorp by 1.0% in the 4th quarter. Osaic Holdings Inc. now owns 15,596 shares of the financial services provider's stock valued at $1,636,000 after acquiring an additional 149 shares in the last quarter. 92.05% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, Weiss Ratings downgraded McGrath RentCorp from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, McGrath RentCorp has a consensus rating of "Moderate Buy" and a consensus target price of $141.50.
Get Our Latest Stock Report on MGRC
McGrath RentCorp Company Profile
(
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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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