Trease Kristina Van Sells 3,783 Shares of McGrath RentCorp (NASDAQ:MGRC) Stock

McGrath RentCorp (NASDAQ:MGRC) insider Trease Kristina Van sold 3,783 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $113.65, for a total transaction of $429,937.95. Following the completion of the sale, the insider owned 6,533 shares in the company, valued at approximately $742,475.45. The trade was a 36.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Trease Kristina Van also recently made the following trade(s):

• On Friday, May 15th, Trease Kristina Van sold 539 shares of McGrath RentCorp stock. The stock was sold at an average price of $115.00, for a total transaction of $61,985.00.

McGrath RentCorp Trading Up 0.2%

Shares of NASDAQ MGRC opened at $115.09 on Friday. The firm’s 50-day moving average price is $112.35 and its 200-day moving average price is $110.45. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 1.17 and a beta of 0.44. McGrath RentCorp has a 12-month low of $94.99 and a 12-month high of $128.41.

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 the consensus estimate of $1.13 by ($0.03). The business had revenue of $198.54 million for the quarter, compared to analysts’ expectations of $198.19 million. McGrath RentCorp had a net margin of 16.38% and a return on equity of 12.84%. On average, equities analysts predict that McGrath RentCorp will post 6.35 EPS for the current fiscal year.

McGrath RentCorp Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of McGrath RentCorp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd purchased a new position in shares of McGrath RentCorp in the third quarter worth $29,000. EverSource Wealth Advisors LLC raised its holdings in shares of McGrath RentCorp by 767.7% in the second quarter. EverSource Wealth Advisors LLC now owns 269 shares of the financial services provider’s stock worth $31,000 after buying an additional 238 shares during the last quarter. Danske Bank A S purchased a new position in shares of McGrath RentCorp in the third quarter worth $47,000. Strs Ohio purchased a new position in shares of McGrath RentCorp in the first quarter worth $56,000. Finally, Covestor Ltd raised its holdings in shares of McGrath RentCorp by 52.0% in the fourth quarter. Covestor Ltd now owns 1,385 shares of the financial services provider’s stock worth $145,000 after buying an additional 474 shares during the last quarter. Hedge funds and other institutional investors own 92.05% of the company’s stock.

About McGrath RentCorp

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.