Gilda Malek Sells 1,407 Shares of McGrath RentCorp (NASDAQ:MGRC) Stock

McGrath RentCorp (NASDAQ:MGRC) SVP Gilda Malek sold 1,407 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $114.04, for a total transaction of $160,454.28. Following the transaction, the senior vice president owned 8,018 shares in the company, valued at approximately $914,372.72. The trade was a 14.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

McGrath RentCorp Stock Down 0.3%

Shares of NASDAQ:MGRC opened at $113.76 on Thursday. The company’s 50 day moving average price is $112.71 and its two-hundred day moving average price is $110.74. McGrath RentCorp has a 12-month low of $94.99 and a 12-month high of $128.41. The firm has a market cap of $2.79 billion, a PE ratio of 18.06, a PEG ratio of 1.16 and a beta of 0.44.

McGrath RentCorp (NASDAQ:MGRC) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $1.10 earnings per share (EPS) 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 business had revenue of $198.54 million for the quarter, compared to analyst estimates of $198.19 million. On average, research analysts expect that McGrath RentCorp will post 6.35 EPS for the current year.

McGrath RentCorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, July 17th. McGrath RentCorp’s dividend payout ratio is presently 31.43%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of McGrath RentCorp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.50.

Institutional Trading of McGrath RentCorp

Several large investors have recently made changes to their positions in the company. River Road Asset Management LLC boosted its position in shares of McGrath RentCorp by 3.1% during 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 acquiring an additional 64,566 shares in the last quarter. Eminence Capital LP boosted its position 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 acquiring an additional 4,701 shares in the last quarter. Dimensional Fund Advisors LP boosted its position 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 acquiring an additional 47,451 shares in the last quarter. Victory Capital Management Inc. raised its stake in McGrath RentCorp by 0.7% during the fourth quarter. Victory Capital Management Inc. now owns 900,181 shares of the financial services provider’s stock worth $94,456,000 after acquiring an additional 6,552 shares in the last quarter. Finally, Channing Capital Management LLC raised its stake in McGrath RentCorp by 39.1% during the fourth quarter. Channing Capital Management LLC now owns 836,894 shares of the financial services provider’s stock worth $87,815,000 after acquiring an additional 235,311 shares in the last quarter. Institutional investors and hedge funds own 92.05% of the company’s stock.

McGrath RentCorp Company Profile

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.