McGrath RentCorp (MGRC) VP Trease Kristina Van Sells 5,170 Shares
McGrath RentCorp (NASDAQ:MGRC) VP Trease Kristina Van sold 5,170 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $52.82, for a total transaction of $273,079.40. Following the transaction, the vice president now directly owns 14,131 shares of the company’s stock, valued at $746,399.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
McGrath RentCorp (NASDAQ:MGRC) opened at $52.83 on Wednesday. The company has a market cap of $1,267.06, a PE ratio of 8.36 and a beta of 0.90. McGrath RentCorp has a 1-year low of $32.09 and a 1-year high of $53.61.
McGrath RentCorp (NASDAQ:MGRC) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. The company had revenue of $122.23 million during the quarter, compared to the consensus estimate of $109.77 million. McGrath RentCorp had a net margin of 33.31% and a return on equity of 11.85%. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the firm earned $0.40 EPS.
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of McGrath RentCorp from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. ValuEngine downgraded shares of McGrath RentCorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research downgraded shares of McGrath RentCorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd.
Several large investors have recently added to or reduced their stakes in MGRC. Millennium Management LLC increased its position in shares of McGrath RentCorp by 354.4% during the 4th quarter. Millennium Management LLC now owns 338,398 shares of the financial services provider’s stock worth $15,898,000 after purchasing an additional 263,932 shares in the last quarter. Chartwell Investment Partners LLC increased its position in shares of McGrath RentCorp by 94.2% during the 3rd quarter. Chartwell Investment Partners LLC now owns 216,385 shares of the financial services provider’s stock worth $9,466,000 after purchasing an additional 104,973 shares in the last quarter. Franklin Resources Inc. increased its position in shares of McGrath RentCorp by 3.4% during the 4th quarter. Franklin Resources Inc. now owns 1,628,605 shares of the financial services provider’s stock worth $76,512,000 after purchasing an additional 53,109 shares in the last quarter. EAM Investors LLC acquired a new stake in shares of McGrath RentCorp during the 4th quarter worth about $2,135,000. Finally, SG Capital Management LLC acquired a new stake in shares of McGrath RentCorp during the 3rd quarter worth about $1,934,000. 84.07% of the stock is owned by institutional investors.
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).
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