Trease Kristina Van Sells 2,221 Shares of McGrath RentCorp (NASDAQ:MGRC) Stock

McGrath RentCorp (NASDAQ:MGRC - Get Free Report) insider Trease Kristina Van sold 2,221 shares of McGrath RentCorp stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $114.21, for a total value of $253,660.41. Following the transaction, the insider now owns 6,694 shares of the company's stock, valued at $764,521.74. The trade was a 24.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, June 4th, Trease Kristina Van sold 500 shares of McGrath RentCorp stock. The shares were sold at an average price of $116.01, for a total value of $58,005.00.

McGrath RentCorp Price Performance

NASDAQ MGRC traded up $1.88 on Monday, hitting $116.12. The company had a trading volume of 176,304 shares, compared to its average volume of 183,993. The company has a market capitalization 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 fifty day moving average price is $109.43 and its 200-day moving average price is $114.92. McGrath RentCorp has a 12-month low of $95.50 and a 12-month high of $129.93.

McGrath RentCorp (NASDAQ:MGRC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.02 by $0.13. McGrath RentCorp had a return on equity of 13.68% and a net margin of 25.44%. The business had revenue of $195.42 million for the quarter, compared to analyst estimates of $189.03 million. During the same quarter in the previous year, the firm earned $0.93 EPS. The company's quarterly revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts anticipate that McGrath RentCorp will post 6.18 EPS for the current year.

McGrath RentCorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, July 17th. McGrath RentCorp's dividend payout ratio (DPR) is currently 20.10%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On McGrath RentCorp

Several large investors have recently modified their holdings of the stock. Rhumbline Advisers increased its position in McGrath RentCorp by 3.8% during the 1st quarter. Rhumbline Advisers now owns 46,273 shares of the financial services provider's stock worth $5,155,000 after purchasing an additional 1,692 shares during the period. Strs Ohio purchased a new position in shares of McGrath RentCorp in the first quarter valued at $56,000. Intech Investment Management LLC increased its position in shares of McGrath RentCorp by 24.8% in the first quarter. Intech Investment Management LLC now owns 13,800 shares of the financial services provider's stock valued at $1,537,000 after buying an additional 2,745 shares in the last quarter. Focus Partners Wealth increased its position in shares of McGrath RentCorp by 68.6% in 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 in the last quarter. Finally, Jane Street Group LLC increased 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 in the last quarter. Hedge funds and other institutional investors own 92.05% of the company's stock.

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.