Quantinno Capital Management LP Has $1.62 Million Stake in McGrath RentCorp $MGRC

by · The Cerbat Gem

Quantinno Capital Management LP increased its position in McGrath RentCorp (NASDAQ:MGRC – Free Report) by 622.7% in the 1st quarter, Holdings Channel reports. The firm owned 14,728 shares of the financial services provider’s stock after buying an additional 12,690 shares during the quarter. Quantinno Capital Management LP’s holdings in McGrath RentCorp were worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its stake in shares of McGrath RentCorp by 767.7% in 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 stake in shares of McGrath RentCorp during the 3rd quarter valued at about $47,000. Strs Ohio bought a new stake in McGrath RentCorp in the first quarter valued at about $56,000. Covestor Ltd increased its stake in McGrath RentCorp by 52.0% in the fourth quarter. Covestor Ltd now owns 1,385 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 474 shares during the period. Finally, Voleon Capital Management LP acquired a new position in McGrath RentCorp in the third quarter worth about $204,000. Institutional investors and hedge funds own 92.05% of the company’s stock.

McGrath RentCorp Price Performance

McGrath RentCorp stock opened at $120.54 on Thursday. The firm has a market capitalization of $2.94 billion, a P/E ratio of 19.41, a P/E/G ratio of 1.22 and a beta of 0.44. The stock has a fifty day moving average price of $117.45 and a two-hundred day moving average price of $113.97. McGrath RentCorp has a 52-week low of $94.99 and a 52-week high of $127.68.

McGrath RentCorp (NASDAQ:MGRC – Get Free Report) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.37 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 12.44%. The firm had revenue of $221.11 million during the quarter, compared to analyst estimates of $236.51 million. On average, equities research analysts predict that McGrath RentCorp will post 6.37 EPS for the current fiscal year.

McGrath RentCorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were issued a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, July 17th. McGrath RentCorp’s dividend payout ratio (DPR) is currently 31.88%.

Insider Transactions at McGrath RentCorp

In other McGrath RentCorp news, VP John Lieffrig sold 2,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the sale, the vice president directly owned 24,051 shares of the company’s stock, valued at approximately $3,006,375. This represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph F. Hanna sold 7,500 shares of the firm’s 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 sale, the director directly owned 151,549 shares of the company’s stock, valued at approximately $18,282,871.36. The trade was a 4.72% 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 90 days, insiders sold 20,051 shares of company stock valued at $2,361,600. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised McGrath RentCorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $141.50.

Get Our Latest Stock Analysis on McGrath RentCorp

McGrath RentCorp Company Profile

(Free Report)

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.

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