McGrath RentCorp (NASDAQ:MGRC) VP John Lieffrig sold 1,284 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $54.43, for a total transaction of $69,888.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of NASDAQ:MGRC opened at $53.40 on Friday. McGrath RentCorp has a twelve month low of $42.98 and a twelve month high of $68.79. The company has a market capitalization of $1.30 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.83 and a beta of 0.75.

McGrath RentCorp (NASDAQ:MGRC) last released its earnings results on Tuesday, October 30th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.11. The company had revenue of $143.10 million during the quarter, compared to analyst estimates of $139.87 million. McGrath RentCorp had a net margin of 35.47% and a return on equity of 12.61%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. On average, research analysts expect that McGrath RentCorp will post 2.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.55%. The ex-dividend date was Tuesday, October 16th. McGrath RentCorp’s dividend payout ratio is 63.55%.

Several equities analysts have recently weighed in on the stock. BidaskClub cut shares of McGrath RentCorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. ValuEngine cut shares of McGrath RentCorp from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Zacks Investment Research upgraded shares of McGrath RentCorp from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective on the stock in a research note on Friday, November 2nd. Finally, Berenberg Bank assumed coverage on shares of McGrath RentCorp in a research note on Wednesday, September 19th. They issued a “buy” rating and a $70.00 price objective on the stock.

A number of institutional investors have recently added to or reduced their stakes in MGRC. UBS Group AG increased its holdings in McGrath RentCorp by 41.5% in the 1st quarter. UBS Group AG now owns 13,392 shares of the financial services provider’s stock worth $719,000 after acquiring an additional 3,931 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in McGrath RentCorp in the 1st quarter worth approximately $234,000. Allianz Asset Management GmbH increased its holdings in McGrath RentCorp by 7.2% in the 1st quarter. Allianz Asset Management GmbH now owns 75,673 shares of the financial services provider’s stock worth $4,063,000 after acquiring an additional 5,068 shares in the last quarter. Amalgamated Bank purchased a new stake in McGrath RentCorp in the 2nd quarter worth approximately $233,000. Finally, James Investment Research Inc. purchased a new stake in McGrath RentCorp in the 2nd quarter worth approximately $1,978,000. 80.88% of the stock is owned by institutional investors.

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About McGrath RentCorp

McGrath RentCorp, a business to business rental company, rents and sells relocatable modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks and boxes in the United States and internationally. It operates through four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex.

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