McGrath RentCorp (NASDAQ:MGRC) Director Sells 7,500 Shares of Stock

October 3, 2026 by InsiderTrades.com

Key Points

Director Joseph Hanna sold 7,500 McGrath RentCorp shares at an average price of $115.04, totaling $862,800. The Rule 10b5-1 transaction reduced his ownership by 4.95%, leaving him with 144,049 shares.
McGrath RentCorp shares opened at $117.56, up 2.2%, with a $2.87 billion market capitalization. The company recently missed quarterly earnings and revenue estimates, reporting EPS of $1.37 versus the $1.47 consensus.
The company declared a quarterly dividend of $0.495 per share, equivalent to $1.98 annually and a 1.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $140.

McGrath RentCorp (NASDAQ:MGRC - Get Free Report) Director Joseph Hanna sold 7,500 shares of the firm's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $115.04, for a total value of $862,800.00. Following the sale, the director owned 144,049 shares in the company, valued at $16,571,396.96. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

McGrath RentCorp Stock Up 2.2%

Shares of McGrath RentCorp stock opened at $117.56 on Friday. The firm has a market cap of $2.87 billion, a PE ratio of 18.93, a P/E/G ratio of 1.16 and a beta of 0.47. The business has a 50-day moving average price of $115.20 and a 200 day moving average price of $114.14. McGrath RentCorp has a twelve month low of $94.99 and a twelve month high of $125.83.

McGrath RentCorp (NASDAQ:MGRC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.47 by ($0.10). The business had revenue of $221.11 million for the quarter, compared to analysts' expectations of $236.51 million. McGrath RentCorp had a net margin of 16.38% and a return on equity of 12.44%. On average, sell-side analysts expect that McGrath RentCorp will post 6.37 EPS for the current year.

McGrath RentCorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a $0.4950 dividend. The ex-dividend date is Friday, October 16th. This represents a $1.98 annualized dividend and a dividend yield of 1.7%. McGrath RentCorp's dividend payout ratio (DPR) is 31.88%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of McGrath RentCorp from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $140.00.

Check Out Our Latest Report on McGrath RentCorp

Institutional Trading of McGrath RentCorp

Several large investors have recently bought and sold shares of MGRC. BlackRock Inc. acquired a new stake in McGrath RentCorp in the 2nd quarter valued at about $252,840,000. River Road Asset Management LLC lifted its stake in McGrath RentCorp by 3.1% in the 4th quarter. River Road Asset Management LLC now owns 2,131,121 shares of the financial services provider's stock worth $223,619,000 after purchasing an additional 64,566 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of McGrath RentCorp by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 906,954 shares of the financial services provider's stock worth $100,019,000 after purchasing an additional 47,451 shares during the last quarter. Eminence Capital LP boosted its holdings in shares of McGrath RentCorp by 0.5% during the 4th quarter. Eminence Capital LP now owns 949,673 shares of the financial services provider's stock worth $99,649,000 after purchasing an additional 4,701 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its position in shares of McGrath RentCorp by 39.2% in the second quarter. Alyeska Investment Group L.P. now owns 330,702 shares of the financial services provider's stock valued at $40,025,000 after purchasing an additional 93,196 shares in the last quarter. Hedge funds and other institutional investors own 92.05% of the company's stock.

McGrath RentCorp Company Profile

(Get Free Report)

McGrath RentCorp was a business-to-business rental company headquartered in Livermore, California. The company provided temporary and longer-term rental solutions for modular buildings, portable storage, electronic test equipment and related products, serving customers in the education, government, construction, commercial and industrial sectors.

Its Mobile Modular business supplied relocatable classrooms, office buildings and other modular structures, while its TRS-RenTelco operation rented electronic test and measurement equipment used by telecommunications, electronics, aerospace and other industrial customers.