McGrath RentCorp $MGRC Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in shares of McGrath RentCorp (NASDAQ:MGRC) by 63.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,982 shares of the financial services provider’s stock after selling 8,821 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in McGrath RentCorp were worth $549,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in McGrath RentCorp by 767.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 269 shares of the financial services provider’s stock valued at $31,000 after buying an additional 238 shares in the last quarter. Danske Bank A S acquired a new position in shares of McGrath RentCorp during the third quarter valued at about $47,000. Strs Ohio purchased a new position in shares of McGrath RentCorp in the 1st quarter valued at approximately $56,000. Covestor Ltd raised its position in shares of McGrath RentCorp by 52.0% in the 4th quarter. Covestor Ltd now owns 1,385 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 474 shares during the last quarter. Finally, Palouse Capital Management Inc. acquired a new stake in McGrath RentCorp in the 4th quarter worth approximately $152,000. 92.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of McGrath RentCorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.50.

McGrath RentCorp Price Performance

MGRC opened at $115.15 on Monday. The firm’s fifty day simple moving average is $115.66 and its two-hundred day simple moving average is $113.44. McGrath RentCorp has a 52-week low of $94.99 and a 52-week high of $127.68. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 1.17 and a beta of 0.44.

McGrath RentCorp (NASDAQ:MGRC) last released its earnings results on Wednesday, July 29th. The financial services provider reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.10). The company had revenue of $221.11 million for the quarter, compared to analysts’ expectations of $236.51 million. McGrath RentCorp had a return on equity of 12.44% and a net margin of 16.38%. On average, research analysts forecast that McGrath RentCorp will post 6.37 EPS for the current year.

McGrath RentCorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were given a $0.495 dividend. This represents a $1.98 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, July 17th. McGrath RentCorp’s dividend payout ratio (DPR) is 31.88%.

Insider Transactions at McGrath RentCorp

In other McGrath RentCorp news, CAO David M. Whitney sold 3,783 shares of McGrath RentCorp stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $113.65, for a total transaction of $429,937.95. Following the sale, the chief accounting officer owned 6,533 shares of the company’s stock, valued at $742,475.45. The trade was a 36.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John Lieffrig sold 500 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $125.00, for a total transaction of $62,500.00. Following the sale, the vice president directly owned 23,551 shares of the company’s stock, valued at $2,943,875. The trade was a 2.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 20,581 shares of company stock valued at $2,420,960. Insiders own 1.40% of the company’s stock.

Trending Headlines about McGrath RentCorp

Here are the key news stories impacting McGrath RentCorp this week:

• Positive Sentiment: 2026 outlook and expansion spending support growth: Management projected 2026 revenue of $955 million to $985 million and raised planned gross rental capital expenditures to $200 million-$220 million, indicating continued demand and investment in fleet expansion. The higher spending could support future rental revenue and earnings. McGrath outlines 2026 revenue of $955M-$985M while raising gross rental CapEx to $200M-$220M
• Positive Sentiment: Sidoti raised several near-term forecasts: The firm increased its Q3 2026 EPS estimate to $1.85 from $1.79, Q4 2026 to $2.00 from $1.94, and FY2026 to $6.32 from $6.29. Sidoti also raised its Q4 2027 estimate to $2.18 from $2.12, suggesting improving expectations for portions of the outlook.
• Neutral Sentiment: Earnings call highlighted both growth and risks: Management discussed rental-revenue growth and strategic opportunities, while also addressing execution, capital spending and other operating risks. McGrath RentCorp Earnings Call Balances Growth and Risks
• Negative Sentiment: Second-quarter results missed expectations: MGRC reported EPS of $1.37 versus the $1.46 consensus estimate, while revenue of $221.11 million fell short of the $236.52 million forecast. EPS also declined from $1.46 a year earlier, potentially limiting enthusiasm around the stock. McGrath Misses Q2 Earnings and Revenue Estimates
• Negative Sentiment: Longer-term estimates were trimmed: Sidoti lowered Q1 2027 EPS to $1.17 from $1.18, Q2 2027 to $1.63 from $1.81, and FY2027 to $7.01 from $7.07. The FY2027 reduction suggests analysts see some pressure despite the improved near-term forecasts.

McGrath RentCorp Profile

McGrath RentCorp, through its subsidiaries, provides rental, sales, and servicing of equipment for commercial, industrial, environmental, and residential markets. The company operates primarily through two segments—mobile storage and water management—offering flexible solutions for customers requiring on-site storage, water transport, treatment, and dewatering services.

In its mobile storage segment, McGrath RentCorp supplies portable storage containers and modular office units to sectors including construction, retail, government, and disaster restoration.