McGrath RentCorp (NASDAQ:MGRC) VP Trease Kristina Van sold 5,170 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $52.82, for a total value of $273,079.40. Following the sale, the vice president now directly owns 14,131 shares in the company, valued at $746,399.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
McGrath RentCorp (NASDAQ MGRC) traded up $0.15 on Tuesday, hitting $52.83. The stock had a trading volume of 66,491 shares, compared to its average volume of 83,086. The firm has a market cap of $1,280.53, a price-to-earnings ratio of 8.36 and a beta of 0.90. McGrath RentCorp has a 12 month low of $32.09 and a 12 month 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 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.13. The business had revenue of $122.23 million for the quarter, compared to analyst estimates of $109.77 million. McGrath RentCorp had a return on equity of 11.85% and a net margin of 33.31%. McGrath RentCorp’s revenue was up 16.1% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share.
Several research firms have recently issued reports on MGRC. BidaskClub raised McGrath RentCorp from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. ValuEngine lowered McGrath RentCorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research lowered McGrath RentCorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd.
Large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its stake in McGrath RentCorp by 90.4% in the third quarter. Wells Fargo & Company MN now owns 34,290 shares of the financial services provider’s stock valued at $1,501,000 after buying an additional 16,277 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in McGrath RentCorp by 40.3% in the third quarter. Asset Management One Co. Ltd. now owns 81,400 shares of the financial services provider’s stock valued at $3,584,000 after buying an additional 23,400 shares in the last quarter. Citadel Advisors LLC boosted its stake in McGrath RentCorp by 215.5% in the fourth quarter. Citadel Advisors LLC now owns 26,231 shares of the financial services provider’s stock valued at $1,232,000 after buying an additional 17,917 shares in the last quarter. First Trust Advisors LP boosted its stake in McGrath RentCorp by 9.6% in the third quarter. First Trust Advisors LP now owns 54,384 shares of the financial services provider’s stock valued at $2,379,000 after buying an additional 4,742 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in McGrath RentCorp by 6.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 172,598 shares of the financial services provider’s stock valued at $7,552,000 after buying an additional 9,762 shares in the last quarter. 84.07% of the stock is currently owned by institutional investors and hedge funds.
WARNING: “McGrath RentCorp (MGRC) VP Sells $273,079.40 in Stock” was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/3260201/mcgrath-rentcorp-mgrc-vp-sells-273079-40-in-stock.html.
McGrath RentCorp Company Profile
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).
Receive News & Ratings for McGrath RentCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McGrath RentCorp and related companies with MarketBeat.com's FREE daily email newsletter.