Jackson Creek Investment Advisors LLC Invests $1.25 Million in McGrath RentCorp $MGRC

Jackson Creek Investment Advisors LLC acquired a new stake in McGrath RentCorp (NASDAQ:MGRC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,620 shares of the financial services provider’s stock, valued at approximately $1,246,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in McGrath RentCorp by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,528 shares of the financial services provider’s stock valued at $1,618,000 after purchasing an additional 639 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of McGrath RentCorp by 5.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,256 shares of the financial services provider’s stock valued at $8,606,000 after buying an additional 3,967 shares during the last quarter. Jane Street Group LLC raised its position in shares of McGrath RentCorp by 2,213.6% in the first quarter. Jane Street Group LLC now owns 58,140 shares of the financial services provider’s stock valued at $6,477,000 after buying an additional 55,627 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of McGrath RentCorp by 68.6% during the first quarter. Focus Partners Wealth now owns 2,044 shares of the financial services provider’s stock valued at $228,000 after buying an additional 832 shares during the period. Finally, Intech Investment Management LLC boosted its position in McGrath RentCorp by 24.8% during the first quarter. Intech Investment Management LLC now owns 13,800 shares of the financial services provider’s stock worth $1,537,000 after acquiring an additional 2,745 shares during the last quarter. Hedge funds and other institutional investors own 92.05% of the company’s stock.

McGrath RentCorp Stock Up 3.4%

MGRC stock opened at $115.44 on Tuesday. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.09 and a beta of 0.51. The business has a fifty day simple moving average of $107.94 and a 200-day simple moving average of $113.45. McGrath RentCorp has a 52 week low of $94.99 and a 52 week high of $129.93.

McGrath RentCorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, January 16th. McGrath RentCorp’s dividend payout ratio (DPR) is 32.83%.

Insider Buying and Selling at McGrath RentCorp

In other news, SVP Gilda Malek sold 829 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $107.29, for a total transaction of $88,943.41. Following the completion of the sale, the senior vice president owned 4,068 shares in the company, valued at approximately $436,455.72. The trade was a 16.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on MGRC shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of McGrath RentCorp in a report on Tuesday, January 27th. Zacks Research upgraded McGrath RentCorp from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $143.00.

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.