McGrath RentCorp (NASDAQ:MGRC) Insider Sells $58,005.00 in Stock

McGrath RentCorp (NASDAQ:MGRC - Get Free Report) insider Trease Kristina Van sold 500 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $116.01, for a total transaction of $58,005.00. Following the transaction, the insider now owns 8,915 shares in the company, valued at $1,034,229.15. The trade was a 5.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, June 6th, Trease Kristina Van sold 2,221 shares of McGrath RentCorp stock. The shares were sold at an average price of $114.21, for a total transaction of $253,660.41.

McGrath RentCorp Stock Performance

NASDAQ MGRC traded up $1.88 during trading hours on Monday, reaching $116.12. The company's stock had a trading volume of 176,304 shares, compared to its average volume of 183,993. The stock has a market cap of $2.86 billion, a PE ratio of 12.31, a PEG ratio of 1.35 and a beta of 0.66. The company's 50-day moving average is $109.43 and its two-hundred day moving average is $114.92. McGrath RentCorp has a fifty-two week low of $95.50 and a fifty-two week high of $129.93.

McGrath RentCorp (NASDAQ:MGRC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.13. McGrath RentCorp had a net margin of 25.44% and a return on equity of 13.68%. The business had revenue of $195.42 million during the quarter, compared to analysts' expectations of $189.03 million. During the same period last year, the company posted $0.93 EPS. The company's revenue was up 4.0% on a year-over-year basis. Equities analysts expect that McGrath RentCorp will post 6.18 earnings per share for the current fiscal year.

McGrath RentCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be given a $0.485 dividend. The ex-dividend date is Thursday, July 17th. This represents a $1.94 annualized dividend and a dividend yield of 1.67%. McGrath RentCorp's dividend payout ratio is currently 20.10%.

Institutional Trading of McGrath RentCorp

Large investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC raised its stake in McGrath RentCorp by 3.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,602 shares of the financial services provider's stock valued at $291,000 after purchasing an additional 86 shares during the last quarter. Hsbc Holdings PLC grew its stake in McGrath RentCorp by 3.9% in the 1st quarter. Hsbc Holdings PLC now owns 4,117 shares of the financial services provider's stock worth $460,000 after acquiring an additional 153 shares during the period. Summit Investment Advisors Inc. grew its stake in McGrath RentCorp by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,553 shares of the financial services provider's stock worth $285,000 after acquiring an additional 162 shares during the period. Nisa Investment Advisors LLC raised its holdings in McGrath RentCorp by 9.1% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,093 shares of the financial services provider's stock valued at $233,000 after acquiring an additional 174 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of McGrath RentCorp by 1.8% during the 4th quarter. Sei Investments Co. now owns 10,575 shares of the financial services provider's stock worth $1,182,000 after purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 92.05% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised McGrath RentCorp from a "hold" rating to a "buy" rating in a research note on Friday, April 25th.

McGrath RentCorp Company Profile

McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, and electronic test equipment. The company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex.