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

McGrath RentCorp (NASDAQ:MGRC) VP John Lieffrig sold 2,000 shares of McGrath RentCorp stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the transaction, the vice president owned 24,051 shares of the company’s stock, valued at approximately $3,006,375. The trade was a 7.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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

MGRC traded down $1.76 during trading hours on Monday, hitting $121.55. 236,565 shares of the stock were exchanged, compared to its average volume of 190,835. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.25 and a beta of 0.44. The stock has a 50-day simple moving average of $113.66 and a 200-day simple moving average of $111.61. McGrath RentCorp has a 12 month low of $94.99 and a 12 month high of $128.41.

McGrath RentCorp (NASDAQ:MGRC) last released its earnings results on Wednesday, April 29th. The financial services provider reported $1.10 earnings per share 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 the consensus estimate of $198.19 million. McGrath RentCorp had a net margin of 16.38% and a return on equity of 12.84%. Sell-side analysts expect that McGrath RentCorp will post 6.35 EPS for the current year.

McGrath RentCorp Dividend Announcement

The firm 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 dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, July 17th. McGrath RentCorp’s dividend payout ratio is currently 31.43%.

Institutional Investors Weigh In On McGrath RentCorp

Several large investors have recently made changes to their positions in MGRC. Aster Capital Management DIFC Ltd bought a new position in McGrath RentCorp in the 3rd quarter worth approximately $29,000. EverSource Wealth Advisors LLC boosted its position in McGrath RentCorp by 767.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 269 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 238 shares during the period. Danske Bank A S bought a new position in shares of McGrath RentCorp in the third quarter worth $47,000. Strs Ohio bought a new stake in shares of McGrath RentCorp during the first quarter valued at about $56,000. Finally, Covestor Ltd lifted its holdings in 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 purchasing an additional 474 shares during the period. Institutional investors and hedge funds own 92.05% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of McGrath RentCorp from a “hold (c+)” rating to a “hold (c)” rating in a 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $141.50.

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.