McGrath RentCorp (NASDAQ:MGRC) Director Elizabeth A. Fetter sold 350 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $46.21, for a total value of $16,173.50. Following the completion of the transaction, the director now directly owns 5,050 shares in the company, valued at $233,360.50. The sale was disclosed in a filing with the SEC, which is available through this link.

McGrath RentCorp (NASDAQ:MGRC) traded down $0.11 on Wednesday, hitting $46.24. The stock had a trading volume of 77,900 shares, compared to its average volume of 73,347. The firm has a market cap of $1,113.89, a price-to-earnings ratio of 24.40, a P/E/G ratio of 2.27 and a beta of 0.99. McGrath RentCorp has a 12 month low of $32.09 and a 12 month high of $49.66.

McGrath RentCorp (NASDAQ:MGRC) last released its earnings results on Tuesday, October 31st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.12. The company had revenue of $135.39 million for the quarter, compared to analyst estimates of $124.90 million. McGrath RentCorp had a return on equity of 11.44% and a net margin of 10.32%. McGrath RentCorp’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. sell-side analysts forecast that McGrath RentCorp will post 2.04 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Monday, October 16th. McGrath RentCorp’s dividend payout ratio (DPR) is currently 54.74%.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in MGRC. JPMorgan Chase & Co. lifted its position in shares of McGrath RentCorp by 1.3% during the 1st quarter. JPMorgan Chase & Co. now owns 40,743 shares of the financial services provider’s stock worth $1,368,000 after buying an additional 509 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of McGrath RentCorp by 3.5% during the 1st quarter. Teachers Advisors LLC now owns 38,817 shares of the financial services provider’s stock worth $1,303,000 after buying an additional 1,324 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of McGrath RentCorp by 0.6% during the 1st quarter. California Public Employees Retirement System now owns 53,200 shares of the financial services provider’s stock worth $1,786,000 after buying an additional 300 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of McGrath RentCorp by 17.0% during the 1st quarter. Vanguard Group Inc. now owns 2,093,570 shares of the financial services provider’s stock worth $70,282,000 after buying an additional 304,573 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of McGrath RentCorp by 6.7% during the 1st quarter. Geode Capital Management LLC now owns 196,761 shares of the financial services provider’s stock worth $6,605,000 after buying an additional 12,377 shares during the last quarter. 81.97% of the stock is currently owned by institutional investors.

MGRC has been the topic of a number of research reports. Zacks Investment Research lowered McGrath RentCorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub raised McGrath RentCorp from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of McGrath RentCorp in a report on Wednesday, November 1st.

About McGrath RentCorp

McGrath RentCorp is a diversified business-to-business rental company. The Company operates through four business segments: modular building and portable storage segment (Mobile Modular); electronic test equipment segment (TRS-RenTelco); a subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and a subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex).

Insider Buying and Selling by Quarter for McGrath RentCorp (NASDAQ:MGRC)

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