4 hours Ago By Defense World Staff
McGrath RentCorp ( NASDAQ:MGRC – Get Free Report ) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 520,000 shares, a decline of 12.4% from the December 31st total of 593,800 shares.
Based on an average daily trading volume, of 182,000 shares, the days-to-cover ratio is currently 2.9 days. McGrath RentCorp Price Performance Shares of McGrath RentCorp stock opened at $122.
67 on Friday. The company’s 50 day moving average price is $117.44 and its two-hundred day moving average price is $111.
84. The firm has a market capitalization of $3.01 billion, a P/E ratio of 13.
41, a P/E/G ratio of 1.47 and a beta of 0.77.
McGrath RentCorp has a fifty-two week low of $95.50 and a fifty-two week high of $130.86.
McGrath RentCorp Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a $0.475 dividend.
This represents a $1.90 annualized dividend and a dividend yield of 1.55%.
The ex-dividend date was Friday, January 17th. McGrath RentCorp’s dividend payout ratio is currently 20.77%.
Wall Street Analysts Forecast Growth Read Our Latest Stock Analysis on McGrath RentCorp Insiders Place Their Bets In other news, CEO Joseph F. Hanna sold 15,840 shares of McGrath RentCorp stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $119.
88, for a total value of $1,898,899.20. Following the completion of the transaction, the chief executive officer now owns 155,409 shares of the company’s stock, valued at $18,630,430.
92. This trade represents a 9.25 % decrease in their position.
The sale was disclosed in a legal filing with the SEC, which is available at this link . Also, VP Gilda Malek sold 919 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $121.
78, for a total transaction of $111,915.82. The disclosure for this sale can be found here .
Insiders own 1.60% of the company’s stock. Institutional Investors Weigh In On McGrath RentCorp Several hedge funds have recently added to or reduced their stakes in MGRC.
Dynamic Technology Lab Private Ltd acquired a new stake in shares of McGrath RentCorp in the third quarter valued at about $816,000. Sanctuary Advisors LLC bought a new stake in McGrath RentCorp in the third quarter valued at approximately $548,000. Intech Investment Management LLC acquired a new stake in McGrath RentCorp during the 3rd quarter valued at approximately $797,000.
Charles Schwab Investment Management Inc. raised its holdings in McGrath RentCorp by 3.0% during the 3rd quarter.
Charles Schwab Investment Management Inc. now owns 287,261 shares of the financial services provider’s stock worth $30,243,000 after purchasing an additional 8,428 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of McGrath RentCorp by 351.
6% in the 3rd quarter. Barclays PLC now owns 40,555 shares of the financial services provider’s stock worth $4,269,000 after purchasing an additional 31,575 shares during the period. 92.
05% of the stock is currently owned by institutional investors and hedge funds. McGrath RentCorp Company Profile ( Get Free Report ) McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, and electronic test equipment.
The company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex. Featured Stories Five stocks we like better than McGrath RentCorp What Do S&P 500 Stocks Tell Investors About the Market? ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains 2 Fintech Stocks to Buy Now and 1 to Avoid Microsoft and Meta’s AI Investment Plans Are Full Steam Ahead What is the Dogs of the Dow Strategy? Overview and Examples Beyond Self-Driving Cars: Factory Automation Takes Center Stage 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 .
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