Shares of McGrath RentCorp (NASDAQ:MGRC) have received an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Zacks has also given McGrath RentCorp an industry rank of 112 out of 255 based on the ratings given to its competitors.

MGRC has been the topic of a number of recent research reports. ValuEngine downgraded McGrath RentCorp from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. BidaskClub cut McGrath RentCorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 31st. Finally, Zacks Investment Research cut McGrath RentCorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th.

In related news, VP John P. Skenesky sold 1,423 shares of the company’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $55.75, for a total value of $79,332.25. Following the completion of the transaction, the vice president now owns 1,716 shares of the company’s stock, valued at approximately $95,667. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank raised its holdings in McGrath RentCorp by 4.8% in the 2nd quarter. Swiss National Bank now owns 41,900 shares of the financial services provider’s stock worth $2,651,000 after purchasing an additional 1,900 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of McGrath RentCorp by 1.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 183,472 shares of the financial services provider’s stock valued at $9,851,000 after acquiring an additional 1,949 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of McGrath RentCorp by 16.7% during the second quarter. GSA Capital Partners LLP now owns 19,140 shares of the financial services provider’s stock valued at $1,211,000 after acquiring an additional 2,732 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in shares of McGrath RentCorp by 52.5% during the first quarter. Campbell & CO Investment Adviser LLC now owns 8,709 shares of the financial services provider’s stock valued at $468,000 after acquiring an additional 3,000 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. raised its holdings in shares of McGrath RentCorp by 12.9% during the first quarter. BW Gestao de Investimentos Ltda. now owns 27,642 shares of the financial services provider’s stock valued at $1,484,000 after acquiring an additional 3,151 shares during the last quarter. 82.92% of the stock is owned by institutional investors.

Shares of MGRC traded up $0.48 during mid-day trading on Thursday, reaching $54.62. The company had a trading volume of 88,827 shares, compared to its average volume of 125,162. McGrath RentCorp has a 52-week low of $40.15 and a 52-week high of $68.79. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 2.04 and a beta of 0.80.

McGrath RentCorp (NASDAQ:MGRC) last issued its earnings results on Tuesday, July 31st. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. McGrath RentCorp had a return on equity of 11.91% and a net margin of 34.37%. The firm had revenue of $117.00 million for the quarter, compared to the consensus estimate of $112.69 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year. equities research analysts expect that McGrath RentCorp will post 2.73 EPS for the current fiscal year.

McGrath RentCorp Company Profile

McGrath RentCorp, a business to business rental company, rents and sells relocatable modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks and boxes in the United States and internationally. It operates through four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex.

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