Public Employees Retirement System of Ohio Raises Stake in McGrath RentCorp $MGRC

Public Employees Retirement System of Ohio increased its holdings in shares of McGrath RentCorp (NASDAQ:MGRC) by 13.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,289 shares of the financial services provider’s stock after acquiring an additional 5,014 shares during the period. Public Employees Retirement System of Ohio’s holdings in McGrath RentCorp were worth $4,774,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MGRC. EverSource Wealth Advisors LLC lifted its holdings in shares of McGrath RentCorp by 767.7% during the second quarter. EverSource Wealth Advisors LLC now owns 269 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 238 shares during the last quarter. Danske Bank A S purchased a new stake in shares of McGrath RentCorp in the 3rd quarter worth approximately $47,000. Strs Ohio purchased a new stake in shares of McGrath RentCorp in the 1st quarter worth approximately $56,000. Covestor Ltd increased its position in McGrath RentCorp by 52.0% during the 4th quarter. Covestor Ltd now owns 1,385 shares of the financial services provider’s stock valued at $145,000 after buying an additional 474 shares in the last quarter. Finally, Palouse Capital Management Inc. bought a new position in McGrath RentCorp during the 4th quarter valued at approximately $152,000. Institutional investors own 92.05% of the company’s stock.

McGrath RentCorp Stock Down 2.5%

NASDAQ:MGRC opened at $117.00 on Thursday. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 1.22 and a beta of 0.43. The company’s 50 day moving average price is $115.46 and its 200-day moving average price is $113.36. McGrath RentCorp has a 52 week low of $94.99 and a 52 week high of $128.33.

McGrath RentCorp (NASDAQ:MGRC) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.10). McGrath RentCorp had a net margin of 16.38% and a return on equity of 12.84%. The business had revenue of $221.11 million during the quarter, compared to the consensus estimate of $236.51 million. As a group, sell-side analysts anticipate that McGrath RentCorp will post 6.35 earnings per share for the current year.

McGrath RentCorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $0.495 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $1.98 annualized dividend and a dividend yield of 1.7%. McGrath RentCorp’s dividend payout ratio (DPR) is 31.43%.

Insider Buying and Selling

In other news, CAO David M. Whitney sold 3,783 shares of the firm’s stock in a transaction dated 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. This trade represents a 36.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joseph F. Hanna sold 7,500 shares of McGrath RentCorp stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $120.64, for a total transaction of $904,800.00. Following the completion of the sale, the director owned 151,549 shares of the company’s stock, valued at $18,282,871.36. This represents a 4.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 30,051 shares of company stock worth $3,486,240 in the last three months. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised McGrath RentCorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, McGrath RentCorp has a consensus rating of “Moderate Buy” and a consensus price target of $141.50.

Key Stories Impacting McGrath RentCorp

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

• Positive Sentiment: Rental operations revenue increased 6% year over year to $172.5 million, while TRS-RenTelco rental revenue rose 17% to $31.8 million. The company also maintained its quarterly dividend at $0.495 per share. McGrath RentCorp Q2 revenue falls 6 percent to $221.1 million
• Positive Sentiment: Management raised planned 2026 gross rental capital expenditures to $200 million-$220 million, signaling continued investment in fleet expansion and rental demand. The company projects full-year adjusted EBITDA of $363 million-$375 million. McGrath outlines 2026 revenue guidance and capital expenditures
• Neutral Sentiment: McGrath issued 2026 revenue guidance of $955 million-$985 million, broadly bracketing the $967.3 million analyst consensus. The outlook suggests stable expectations, but does not provide a significant forecast upgrade. McGrath Announces Results for Second Quarter 2026
• Negative Sentiment: Second-quarter adjusted earnings were $1.37 per share, below the $1.46-$1.47 consensus estimate and down from $1.46 a year earlier. Revenue fell 6% to $221.1 million, missing expectations of approximately $236.5 million, while net income declined to $33.7 million. McGrath misses second-quarter earnings and revenue estimates
• Negative Sentiment: Sales revenue plunged 34% to $46.4 million, and lower gross profit from sales contributed to the earnings decline. Reported operating income also fell 7% to $53.3 million. Recent disclosed insider activity showed sales and no purchases, adding a potential sentiment overhang.

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.