Trease Kristina Van Sells 3,400 Shares of McGrath RentCorp (MGRC) Stock
McGrath RentCorp (NASDAQ:MGRC) VP Trease Kristina Van sold 3,400 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $39.61, for a total value of $134,674.00. Following the completion of the transaction, the vice president now directly owns 15,030 shares in the company, valued at $595,338.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Trease Kristina Van also recently made the following trade(s):
- On Tuesday, September 5th, Trease Kristina Van sold 1,043 shares of McGrath RentCorp stock. The stock was sold at an average price of $39.82, for a total value of $41,532.26.
Shares of McGrath RentCorp (NASDAQ MGRC) opened at 41.16 on Friday. The firm’s 50-day moving average price is $38.28 and its 200 day moving average price is $35.30. The firm has a market cap of $987.55 million, a PE ratio of 23.53 and a beta of 0.96. McGrath RentCorp has a 1-year low of $29.27 and a 1-year high of $41.61.
McGrath RentCorp (NASDAQ:MGRC) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. McGrath RentCorp had a return on equity of 10.62% and a net margin of 9.74%. The company had revenue of $109.58 million for the quarter, compared to analyst estimates of $105.36 million. During the same quarter in the prior year, the company posted $0.38 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that McGrath RentCorp will post $1.88 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the business. US Bancorp DE lifted its stake in shares of McGrath RentCorp by 17,333.3% during the 2nd quarter. US Bancorp DE now owns 4,184 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 4,160 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of McGrath RentCorp by 260.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,484 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 3,241 shares during the period. Airain ltd purchased a new position in shares of McGrath RentCorp during the 1st quarter worth $201,000. Thrivent Financial For Lutherans purchased a new position in shares of McGrath RentCorp during the 2nd quarter worth $246,000. Finally, Legal & General Group Plc lifted its stake in shares of McGrath RentCorp by 2.4% during the 2nd quarter. Legal & General Group Plc now owns 7,252 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 172 shares during the period. 82.54% of the stock is currently owned by institutional investors.
Several research firms recently commented on MGRC. BidaskClub raised McGrath RentCorp from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded McGrath RentCorp from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Saturday, August 5th.
McGrath RentCorp Company Profile
McGrath RentCorp is a diversified business-to-business rental company. The Company operates through four business segments: modular building and portable storage segment (Mobile Modular); electronic test equipment segment (TRS-RenTelco); a subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and a subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex).
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