John Lieffrig Sells 2,000 Shares of McGrath RentCorp (NASDAQ:MGRC) Stock

McGrath RentCorp (NASDAQ:MGRC) VP John Lieffrig sold 2,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the vice president owned 24,051 shares of the company’s stock, valued at $3,006,375. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Lieffrig also recently made the following trade(s):

• On Friday, June 26th, John Lieffrig sold 500 shares of McGrath RentCorp stock. The shares were sold at an average price of $125.00, for a total value of $62,500.00.

McGrath RentCorp Price Performance

Shares of NASDAQ:MGRC opened at $121.03 on Wednesday. The firm’s 50 day simple moving average is $113.86 and its 200 day simple moving average is $111.84. McGrath RentCorp has a fifty-two week low of $94.99 and a fifty-two week high of $128.41. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 1.23 and a beta of 0.44.

McGrath RentCorp (NASDAQ:MGRC) last issued its quarterly earnings data 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). The firm had revenue of $198.54 million for the quarter, compared to analyst estimates of $198.19 million. McGrath RentCorp had a net margin of 16.38% and a return on equity of 12.84%. Equities research analysts expect that McGrath RentCorp will post 6.35 earnings per share for the current year.

McGrath RentCorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a $0.495 dividend. The ex-dividend date is Friday, July 17th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 1.6%. McGrath RentCorp’s dividend payout ratio is currently 31.43%.

Hedge Funds Weigh In On McGrath RentCorp

A number of large investors have recently added to or reduced their stakes in MGRC. American Century Companies Inc. boosted its position in shares of McGrath RentCorp by 0.7% during the second quarter. American Century Companies Inc. now owns 12,263 shares of the financial services provider’s stock worth $1,422,000 after buying an additional 85 shares during the period. Diversified Trust Co. raised its position in McGrath RentCorp by 4.6% in the 4th quarter. Diversified Trust Co. now owns 2,332 shares of the financial services provider’s stock valued at $245,000 after buying an additional 103 shares during the last quarter. California State Teachers Retirement System lifted its stake in McGrath RentCorp by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 22,696 shares of the financial services provider’s stock valued at $2,632,000 after acquiring an additional 119 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in McGrath RentCorp by 6.9% in the 4th quarter. Neuberger Berman Group LLC now owns 1,948 shares of the financial services provider’s stock valued at $204,000 after acquiring an additional 126 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in McGrath RentCorp by 1.0% during the 4th quarter. Osaic Holdings Inc. now owns 15,596 shares of the financial services provider’s stock worth $1,636,000 after acquiring an additional 149 shares during the last quarter. Institutional investors own 92.05% of the company’s stock.

Analyst Ratings Changes

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

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.