Form 4 McGrath RentCorp For: 2 October By Investing.com
This article reports on a Form 4 filing for McGrath RentCorp, dated October 2nd. It provides basic information about the filing and references McGrath RentCorp (MGRC) with a stock performance indicator. The content also features various market data, popular news headlines, and advertising for investment tools.
McGrath RentCorp (NASDAQ:MGRC) Director Joseph Hanna Sells 7,500 Shares of Stock
McGrath RentCorp (NASDAQ:MGRC) Director Joseph Hanna sold 7,500 shares of the company's stock for $862,800, reducing his position by 4.95%. This transaction occurred under a pre-arranged Rule 10b5-1 plan. The sale followed a quarter where the company missed earnings and revenue expectations, though analysts maintain a consensus "Hold" rating with an average price target of $140.
McGrath RentCorp director Joseph Hanna sells $862,824 in stock
McGrath RentCorp director Joseph Hanna sold 7,500 shares of the company's common stock for $862,824 on October 1, 2026. This transaction occurred at prices ranging from $115.00 to $115.21 per share. Despite the sale, which happened as MGRC trades below its InvestingPro Fair Value, the company maintains a strong financial health score and has consistently raised its dividend for 29 consecutive years.
Director Joseph F. Hanna proposes selling 7,500 shares of McGrath RentCorp (MGRC).
Joseph F. Hanna, a director at McGrath RentCorp (MGRC), has proposed selling 7,500 common shares with an approximate sale date of October 1, 2026, and an aggregate market value of $862,825.00. The shares include both PSU/RSU equity compensation. This proposed sale follows a prior sale of 7,500 shares on July 1, 2026, valued at $904,217.00.
107,438 Shares of McGrath RentCorp $MGRC Bought by Bank of America Corp DE
Bank of America Corp DE has acquired a new stake of 107,438 shares, valued at approximately $13,003,000, in McGrath RentCorp (NASDAQ:MGRC) during the second quarter. This acquisition makes Bank of America Corp DE the owner of 0.44% of McGrath RentCorp. Other institutional investors have also recently increased their holdings in the company, bringing total institutional ownership to 92.05%.
McGrath RentCorp (MGRC) Raises Dividend And Capex, Is It Fully Priced?
McGrath RentCorp (MGRC) recently approved a higher quarterly dividend and increased capital expenditure guidance, despite some recent share price softness. The article examines whether MGRC is fully priced, noting its 18.1x P/E ratio is lower than peers but slightly above its SWS fair P/E estimate, while a DCF model suggests significant undervaluation. Investors are left to weigh whether current market concerns are overstated or the DCF model is overly optimistic.
Resilient Cash Flows and Organic Drivers Position McGrath RentCorp (MGRC) for Long-Term Growth
McGrath RentCorp (MGRC) reported a 6% year-over-year decline in total revenues for Q2 2026, primarily due to a 34% drop in sales revenues from project timing delays. However, rental operations revenue grew by 6%, driven by strong performance in TRS-RenTelco and Mobile Modular. Despite margin compression and a slight decrease in net income, the company maintains a strong financial position with a 1.65x leverage ratio and increased its capital expenditure guidance and quarterly dividend, signaling confidence in future growth and demand recovery.
Press Release: McGrath Declares Quarterly Dividend
McGrath (MGRC) has declared a quarterly cash dividend of $0.05 per share on its Class A and Class B common stock. The dividend is payable on October 25, 2026, to stockholders of record as of October 11, 2026. This announcement highlights the company's consistent return of capital to its shareholders.
McGrath RentCorp declares $0.495 dividend
McGrath RentCorp (MGRC) has declared a quarterly dividend of $0.495 per share, consistent with its previous dividend. This dividend offers a forward yield of 1.79% and is payable on October 30 to shareholders of record as of October 16, with an ex-dividend date also on October 16.
McGrath RentCorp declares quarterly dividend of $0.495
McGrath RentCorp announced a quarterly cash dividend of $0.495 per common share, payable on October 30, 2026, to shareholders of record as of October 16, 2026. This marks over 35 consecutive years the company has increased its dividend. McGrath RentCorp is a business-to-business rental company operating in North America, offering modular solutions and electronic test equipment rental services.
Squarepoint Ops LLC Lowers Stock Holdings in McGrath RentCorp $MGRC
Squarepoint Ops LLC significantly reduced its stake in McGrath RentCorp (NASDAQ:MGRC) by 54.2% in the second quarter, selling 9,820 shares and retaining 8,293 shares valued at approximately $1.0 million. Despite this, institutional ownership remains high at 92.05%, with major firms like BlackRock and Neumeier Poma Investment Counsel LLC establishing new positions. McGrath RentCorp missed analyst expectations for Q2 earnings and revenue, reporting $1.37 EPS and $221.11 million in revenue, while analysts maintain an average "Hold" rating with a $140 price target.
VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.64 Million in McGrath RentCorp $MGRC
Virginia Retirement Systems Et Al recently acquired 13,520 shares of McGrath RentCorp (MGRC) worth approximately $1.64 million, adding to the 92.05% institutional ownership of the company. Despite this investment, McGrath RentCorp missed its quarterly earnings and revenue expectations. Analysts maintain a "Moderate Buy" rating with a target price of $141.50, significantly above its current trading price of $110.40, even as company insiders have sold shares totaling over $2.15 million in the last 90 days.
MGRC Stock News Today | Earnings, Events & Price Alerts
This article provides recent news and event updates for MGRC stock, including its Q2 2026 earnings report. McGrath RentCorp reported a decline in Q2 earnings, with revenue below expectations, primarily due to lower gross profit on sales revenues. Despite challenges, the company's rental operations showed strength, particularly in Mobile Modular and TRS-RenTelco segments, leading to a narrowed FY26 revenue outlook.
24,832 Shares in McGrath RentCorp $MGRC Bought by Legal & General Group Plc
Legal & General Group Plc has acquired 24,832 shares of McGrath RentCorp (NASDAQ:MGRC) for approximately $3.0 million, making them a new institutional investor in the company. Despite this, McGrath RentCorp missed analyst expectations in its recent earnings report, posting $1.37 EPS against an estimated $1.47, and revenue of $221.11 million versus $236.51 million. Analysts currently rate MGRC as a "Moderate Buy" with an average price target of $141.50, significantly higher than its current trading price of $111.59.
Manulife adds $1.5M stake in McGrath RentCorp as earnings miss estimates
Manulife has increased its stake in McGrath RentCorp by $1.5 million, purchasing 12,788 shares and bringing its total holding to 0.05%. This investment comes despite McGrath RentCorp missing its recent earnings and revenue estimates, highlighting continued institutional confidence in the company's long-term prospects. Other investors also increased their positions in McGrath RentCorp during the second quarter, further solidifying the high institutional ownership of 92.05%.
11,314 Shares in McGrath RentCorp $MGRC Acquired by Jupiter Topco LLC
Jupiter Topco LLC recently acquired 11,314 shares of McGrath RentCorp (NASDAQ:MGRC) worth approximately $1.37 million during the second quarter. Despite the company missing its latest quarterly earnings and revenue expectations, analysts maintain a "Moderate Buy" rating with a $141.50 target price. The article also notes significant insider selling of MGRC stock totaling about $3.01 million over the past three months.
Corient Private Wealth LP Purchases New Shares in McGrath RentCorp $MGRC
Corient Private Wealth LP has acquired 11,321 shares of McGrath RentCorp (NASDAQ:MGRC), valued at approximately $1.37 million, during the second quarter. This move comes as institutional investors collectively own 92.05% of MGRC shares, despite recent insider sales by Director Joseph Hanna and CEO Philip Hawkins totaling over $3 million. Analysts maintain a "Moderate Buy" rating with an average price target of $141.50, even though the company recently missed quarterly EPS and revenue expectations.
The Manufacturers Life Insurance Company Takes Position in McGrath RentCorp $MGRC
The Manufacturers Life Insurance Company has acquired a new position in McGrath RentCorp (NASDAQ:MGRC), purchasing 12,788 shares valued at approximately $1.55 million. This move is amidst significant institutional ownership of 92.05% in the company, though McGrath RentCorp recently missed Q2 earnings and revenue expectations. Analysts currently rate MGRC as a "Moderate Buy" with a consensus price target of $141.50, despite recent insider share sales totaling over $3 million.
157,302 Shares in McGrath RentCorp $MGRC Acquired by Bank of New York Mellon Corp
Bank of New York Mellon Corp has acquired 157,302 shares of McGrath RentCorp (NASDAQ:MGRC), valued at approximately $19.0 million, giving it a 0.64% stake in the company. Despite McGrath RentCorp reporting lower-than-expected quarterly EPS and revenue, analysts maintain a "Moderate Buy" rating with a $141.50 price target. The company also announced a quarterly dividend of $0.495 per share, while insiders have sold a significant number of shares recently.
Susquehanna International Group LLP Buys 63,537 Shares of McGrath RentCorp $MGRC
Susquehanna International Group LLP increased its stake in McGrath RentCorp (NASDAQ:MGRC) by 73% in the second quarter, purchasing 63,537 shares to bring its total ownership to 150,537 shares valued at $18.2 million. Despite this, McGrath RentCorp missed Q2 earnings expectations, with EPS of $1.37 against a $1.47 forecast and revenue of $221.11 million versus $236.51 million expected. Institutional investors and hedge funds collectively own 92.05% of the company, which also recently declared a quarterly dividend of $0.495 per share.
Alyeska Investment Group L.P. Acquires 93,196 Shares of McGrath RentCorp $MGRC
Alyeska Investment Group L.P. increased its stake in McGrath RentCorp by 39.2%, acquiring 93,196 additional shares to reach a total of 330,702 shares valued at approximately $40.0 million. Institutional investors now own 92.05% of the company, while analysts maintain a "Moderate Buy" rating with a target price of $141.50. Despite missing recent earnings and revenue expectations, McGrath RentCorp paid a quarterly dividend of $0.495 per share.
210,294 Shares in McGrath RentCorp $MGRC Purchased by Medina Value Partners LLC
Medina Value Partners LLC acquired a new position of 210,294 shares in McGrath RentCorp (NASDAQ:MGRC) during the second quarter, valued at approximately $25.45 million, making it their 5th largest holding. Other institutional investors also increased their stakes. Analysts currently have a "Moderate Buy" rating for McGrath RentCorp with a consensus price target of $141.50, despite the company missing quarterly earnings estimates.
Deutsche Bank AG Purchases New Shares in McGrath RentCorp $MGRC
Deutsche Bank AG recently acquired 26,901 shares of McGrath RentCorp, valued at approximately $3.26 million, establishing a 0.11% stake in the company. Despite institutional investors owning 92.05% of the stock and a "Moderate Buy" consensus rating from analysts, McGrath RentCorp recently missed earnings and revenue expectations. Furthermore, company insiders have sold a significant number of shares, amounting to about $3.01 million, over the last three months.
Cibc World Market Inc. Takes $2.16 Million Position in McGrath RentCorp $MGRC
Cibc World Market Inc. has acquired a new position in McGrath RentCorp, purchasing 17,849 shares valued at approximately $2.16 million during the second quarter. Despite this, McGrath RentCorp's recent quarterly results fell short of analyst expectations for both EPS and revenue. Analysts currently maintain a "Moderate Buy" rating for McGrath RentCorp with a consensus price target of $141.50, and the company offers an annual dividend of $1.98, equating to a 1.7% yield.
BlackRock Inc. Buys New Stake in McGrath RentCorp $MGRC
BlackRock Inc. has acquired a significant new stake in McGrath RentCorp (NASDAQ:MGRC), purchasing over 2 million shares valued at approximately $252.8 million, representing an 8.55% ownership. This move comes as other institutional investors have also adjusted their positions in the company. Despite the increased institutional interest, McGrath RentCorp recently missed Q2 earnings and revenue estimates, though analysts maintain a "Moderate Buy" rating with a target price of $141.50.
Ranger Investment Management L.P. Acquires New Shares in McGrath RentCorp $MGRC
Ranger Investment Management L.P. has acquired 39,415 new shares of McGrath RentCorp (NASDAQ:MGRC) during the second quarter, valued at approximately $4.77 million, giving them a 0.16% stake. Institutional investors collectively own 92.05% of the company, while insiders have sold 25,408 shares in the last three months. McGrath RentCorp reported earnings per share of $1.37 and revenue of $221.11 million, both below analyst expectations, and declared a quarterly dividend of $0.495 per share.
Neumeier Poma Investment Counsel LLC Acquires Shares of 295,108 McGrath RentCorp $MGRC
Neumeier Poma Investment Counsel LLC has acquired 295,108 shares of McGrath RentCorp (MGRC), representing a significant stake in the company and 2.4% of the investment counsel's portfolio. This acquisition comes as McGrath RentCorp recently reported quarterly earnings and revenue that missed analyst expectations, despite maintaining a "Moderate Buy" consensus rating among analysts. Insider selling has also been noted, with corporate insiders selling shares worth over $3 million in the last 90 days.
Is McGrath RentCorp (MGRC) Fairly Valued As Its Share Price Pullback Raises Questions?
McGrath RentCorp (MGRC) has experienced recent share price fluctuations, with a 4.6% drop over 7 days and a 2.6% drop over 30 days, despite stronger longer-term returns. The stock's current P/E ratio of 18.6x is considered "about right" when compared to its estimated fair P/E and industry averages, suggesting potential for movement towards fair value. However, a discounted cash flow (DCF) model estimates a significantly higher fair value of $274.58, raising questions about which valuation signal investors should prioritize.
188,656 Shares in McGrath RentCorp $MGRC Purchased by William Blair Investment Management LLC
William Blair Investment Management LLC has purchased a new position of 188,656 shares in McGrath RentCorp (NASDAQ:MGRC), valued at approximately $22.8 million. Other institutional investors like BlackRock Inc. and Northwestern Mutual Wealth Management Co. also increased their stakes, bringing total institutional ownership to 92.05%. Despite missing analysts' EPS and revenue estimates in its last quarterly report, analysts maintain a "Moderate Buy" rating with a target price of $141.50 for McGrath RentCorp.
Bank of America Corp DE Raises Holdings in McGrath RentCorp $MGRC
Bank of America Corp DE increased its stake in McGrath RentCorp (NASDAQ:MGRC) by 26.7% in the first quarter, bringing its total ownership to 123,549 shares valued at $13.6 million. Despite institutional investors owning 92.05% of the company, McGrath RentCorp missed analyst estimates for its quarterly earnings and revenue. The company maintains a "Moderate Buy" consensus rating with an average price target of $141.50, even though insiders sold shares worth approximately $3.0 million in the past quarter.
Svp, chief HR officer Tara Wescott sells $161,650 in McGrath RentCorp stock
Tara Wescott, SVP and Chief HR Officer at McGrath RentCorp, sold 1,325 shares of company stock for $161,650 on August 18, 2026, at $122.0 per share. Following the sale, she directly owns 7,831 shares. This transaction comes after the company reported mixed Q2 2026 earnings, missing analyst expectations but showing improvements in its modular business utilization and strong growth in TRS-RenTelco.
McGrath RentCorp SVP, Chief HR Officer Tara Wescott sells 1,325 shares for $161,650
Tara Wescott, SVP and Chief HR Officer at McGrath RentCorp, sold 1,325 shares of common stock for $161,650 on August 18, 2026. The shares were sold at $122 each, reducing her direct holdings to 7,831 shares. This transaction was reported via EDGAR based on information from the U.S. Securities and Exchange Commission.
Svp, chief HR officer Tara Wescott sells $161,650 in McGrath RentCorp stock
Tara Wescott, SVP and Chief HR Officer at McGrath RentCorp, recently sold 1,325 shares of company stock for $161,650. This transaction occurred on August 18, 2026, at $122.0 per share, with the stock currently trading lower at $116.47, though InvestingPro considers it undervalued. The sale follows a recent earnings report where McGrath RentCorp missed Wall Street expectations but maintained full-year guidance and has a strong dividend history.
McGrath RentCorp $MGRC Shares Purchased by Denali Advisors LLC
Denali Advisors LLC has significantly increased its stake in McGrath RentCorp (NASDAQ:MGRC) by 82.7%, acquiring an additional 21,918 shares to bring its total holdings to 48,418 shares valued at $5.86 million. Other institutional investors also adjusted their positions in MGRC, while company insiders made several share sales totaling over $3 million in the last 90 days. McGrath RentCorp recently reported mixed Q2 earnings, missing analyst estimates on EPS and revenue, and declared a quarterly dividend of $0.495 per share.
Mcgrath Rentcorp (MGRC) Q2 2025 Earnings Report - Results, Call & Slides
Mcgrath Rentcorp (MGRC) announced strong Q2 2025 earnings, beating analyst expectations for both EPS and revenue. The company reported actual EPS of $1.46 against a consensus of $1.22, and actual revenue of $235.62M compared to an expected $220.71M, representing a 10.82% year-over-year revenue growth. MGRC's earnings call and slide deck for Q2 2025 are available, and the next earnings report is estimated for October 22, 2026.
McGrath RentCorp (NASDAQ: MGRC) officer to sell up to 1,325 shares
An officer at McGrath RentCorp (NASDAQ: MGRC), Tara Wescott, has filed a Form 144 notice indicating her intent to sell up to 1,325 shares of common stock. The aggregate market value of these shares is $161,650.00, and they originate from equity compensation awards that lapsed in February 2025. The proposed sale is set to occur on or after August 18, 2026, through Charles Schwab & Co., Inc.
K.J. Harrison & Partners Inc Invests $1.21 Million in McGrath RentCorp $MGRC
K.J. Harrison & Partners Inc. initiated a new position in McGrath RentCorp (NASDAQ:MGRC) during the second quarter, purchasing 10,000 shares valued at approximately $1.21 million. Institutional investors collectively own a significant 92.05% of the company, which recently reported quarterly earnings and revenue that missed analyst expectations. Despite the miss, analysts maintain a "Moderate Buy" rating for MGRC with a consensus target price of $141.50.
One Wealth Advisors LLC Takes $2.06 Million Position in McGrath RentCorp $MGRC
One Wealth Advisors LLC has acquired a new position in McGrath RentCorp (NASDAQ:MGRC) worth $2.06 million during the second quarter, making it their 28th largest holding. Despite McGrath RentCorp missing its Q2 earnings and revenue estimates, analysts maintain a "Moderate Buy" rating with an average price target of $141.50. The company recently paid a quarterly dividend of $0.495 per share, representing a 1.6% yield.
McGrath RentCorp (MGRC) Stock Looks Fairly Valued With Rental Demand In Focus
McGrath RentCorp (MGRC) stock appears fairly valued, with recent checks indicating it is neither obviously cheap nor expensive. The company has delivered a 93.1% return over the past five years, suggesting its progress and prospects are largely priced in by the market. While five out of six valuation checks suggest the stock is undervalued, its P/E ratio aligns closely with its estimated fair P/E, indicating a broadly fair valuation.
McGrath RentCorp (MGRC) Stock Looks Fairly Valued With Rental Demand In Focus
McGrath RentCorp (MGRC) stock is currently valued as roughly fair, with a P/E ratio of 19.3x, which is below the industry average. Despite a 93.1% return over the past five years, its 2.5% return in the last year lags behind peers. The company's future valuation depends on sustained rental demand and capital efficiency.
McGrath RentCorp (MGRC) VP reallocates 6,077 shares in employee stock plan
McGrath RentCorp VP John P. Skenesky reallocated 6,077 shares of common stock held indirectly through the company's Employee Stock Ownership and 401(k) Plan. This "other" disposition (code J) on August 12, 2026, was a diversification election, with proceeds remaining within the plan. Following the transaction, his indirect holdings in the KSOP account are 0 shares, valued at $120.54 per share.
McGrath RentCorp VP Skenesky sells $240,820 in company shares
John P. Skenesky, VP and Division Manager at McGrath RentCorp (NASDAQ:MGRC), sold 2,000 shares of common stock for $240,820 on August 11, 2026. This transaction leaves him with 10,634 shares. The company recently reported second-quarter 2026 earnings that missed Wall Street expectations, though it noted improvements in its Mobile Modular segment and growth in TRS-RenTelco, while maintaining full-year guidance.
McGrath RentCorp CEO Philip Hawkins sells $536,255 in shares By Investing.com
McGrath RentCorp CEO Philip Hawkins sold a total of 4,435 shares of common stock for $536,255 on August 11, 2026. Following these transactions, Hawkins directly holds 13,371 shares. The company recently reported Q2 2026 earnings below Wall Street expectations, despite some positive divisional growth, and maintained its full-year guidance.
McGrath RentCorp VP Skenesky sells $240,820 in company shares
John P. Skenesky, VP and Division Manager at McGrath RentCorp, sold 2,000 shares of common stock for $240,820 on August 11, 2026. This transaction leaves him with 10,634 shares. The sale occurred amidst recent Q2 2026 earnings that missed Wall Street expectations, although the company noted positive developments in some segments.
McGrath RentCorp (NASDAQ:MGRC) VP John Skenesky Sells 2,000 Shares
McGrath RentCorp VP John Skenesky sold 2,000 shares of MGRC stock for a total of $240,820, reducing his position by 15.83%. This sale comes after the company reported quarterly earnings that missed analyst expectations, with adjusted EPS of $1.37 against a $1.47 consensus and revenue of $221.11 million below estimates of $236.51 million. Despite this, analysts maintain a "Moderate Buy" rating with an average price target of $141.50, and the company offers an annual dividend yield of 1.6%.
McGrath RentCorp (NASDAQ:MGRC) CEO Philip Hawkins Sells 4,435 Shares of Stock
McGrath RentCorp (NASDAQ:MGRC) CEO Philip Hawkins sold 4,435 shares of company stock on August 11th, reducing his direct ownership by 24.91% to 13,371 shares, valued at $1,616,687.61. The sale, at an average price of $120.91 per share, generated $536,235.85. This transaction comes as McGrath RentCorp recently missed analyst expectations for its quarterly earnings and revenue, though analysts maintain a "Moderate Buy" rating with an average price target of $141.50.
McGrath RentCorp (MGRC) CEO Hawkins sells 4,435 shares in open-market trades
McGrath RentCorp CEO Philip B. Hawkins sold a total of 4,435 shares of company common stock in open-market trades on August 11, 2026. This included a main block of 4,430 shares at a weighted average price of $120.911 and an additional 5 shares at $124.00. The Form 4 filing indicates these sales were not made under a Rule 10b5-1 trading plan and did not disclose his remaining shareholdings after the transactions.
MCGRATH RENTCORP (MGRC) VP John Skenesky sells 2,000 shares at $120.41
John P. Skenesky, VP and Division Manager of MCGRATH RENTCORP (MGRC), sold 2,000 shares of company stock on August 11, 2026, at a price of $120.4101 per share. This transaction, reported via a Form 4 filing, leaves Skenesky with 10,634 directly held shares. The sale was not conducted under a Rule 10b5-1 trading plan.
Quantinno Capital Management LP Raises Stock Position in McGrath RentCorp $MGRC
Quantinno Capital Management LP significantly increased its stake in McGrath RentCorp (NASDAQ:MGRC) by 622.7% in the first quarter, bringing its total holdings to 14,728 shares valued at $1.624 million. Despite this increase in institutional ownership, McGrath RentCorp reported lower-than-expected quarterly earnings and revenue. The company maintains a "Moderate Buy" consensus rating from analysts with an average price target of $141.50.
McGrath RentCorp (MGRC) schedules planned sale of 2,000 shares on NASDAQ
McGrath RentCorp has scheduled the sale of 2,000 common shares via Charles Schwab & Co., Inc. on NASDAQ, set for execution on or after August 11, 2026. These shares originated from equity compensation awards, including stock appreciation rights and restricted/performance stock lapses granted in 2019 and 2020. The filing, a Form 144, indicates a neutral impact and sentiment, with an associated value figure of $240,820.00 for the proposed sale.
