John Lieffrig Sells 500 Shares of McGrath RentCorp (NASDAQ:MGRC) Stock

McGrath RentCorp (NASDAQ:MGRC) VP John Lieffrig sold 500 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $125.00, for a total value of $62,500.00. Following the transaction, the vice president directly owned 23,551 shares of the company’s stock, valued at $2,943,875. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 Thursday, June 25th, John Lieffrig sold 2,000 shares of McGrath RentCorp stock. The shares were sold at an average price of $125.00, for a total value of $250,000.00.

McGrath RentCorp Stock Performance

Shares of MGRC opened at $121.03 on Wednesday. The stock has a 50-day simple moving average of $113.86 and a 200-day simple moving average of $111.84. The stock has a market capitalization of $2.97 billion, a PE ratio of 19.21, a PEG ratio of 1.23 and a beta of 0.44. McGrath RentCorp has a 1 year low of $94.99 and a 1 year high of $128.41.

McGrath RentCorp (NASDAQ:MGRC) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.10 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 company had revenue of $198.54 million for the quarter, compared to analyst estimates of $198.19 million. Analysts predict that McGrath RentCorp will post 6.35 EPS for the current year.

McGrath RentCorp Announces Dividend

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

Analyst Ratings Changes

Separately, Weiss Ratings downgraded 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 issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MGRC. Aster Capital Management DIFC Ltd purchased a new position in shares of McGrath RentCorp in the 3rd quarter valued at about $29,000. EverSource Wealth Advisors LLC lifted its stake in McGrath RentCorp by 767.7% during the second quarter. EverSource Wealth Advisors LLC now owns 269 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 238 shares during the last quarter. Danske Bank A S acquired a new position in McGrath RentCorp in the third quarter valued at approximately $47,000. Strs Ohio acquired a new position in McGrath RentCorp in the first quarter valued at approximately $56,000. Finally, Covestor Ltd boosted 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 valued at $145,000 after purchasing an additional 474 shares in the last quarter. 92.05% of the stock is owned by institutional investors and hedge funds.

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.