McGrath Rentcorp (NASDAQ: MGRC) is -17.07% lower on its value in year-to-date trading and has touched a low of $95.50 and a high of $130.86 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MGRC stock was last observed hovering at around $98.99 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $99.20, the stock is -5.23% and -6.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing 0.21% at the moment leaves the stock -11.78% off its SMA200. MGRC registered -2.84% loss for a year compared to 6-month loss of -18.50%.
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The stock witnessed a -6.34% gain in the last 1 month and extending the period to 3 months gives it a -6.65%, and is -4.70% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.89% over the week and 2.57% over the month.
McGrath Rentcorp (MGRC) has around 1204 employees, a market worth around $2.44B and $865.53M in sales. Current P/E ratio is 21.01 and Fwd P/E is 16.29. Profit margin for the company is 13.38%. Distance from 52-week low is 3.87% and -24.19% from its 52-week high. The company has generated returns on investments over the last 12 months (6.63%).
The EPS is expected to grow by 8.88% this year
296.0 institutions hold shares in McGrath Rentcorp (MGRC), with institutional investors hold 91.32% of the company’s shares. The shares outstanding are 24.50M, and float is at 24.14M with Short Float at 3.21%. Institutions hold 89.97% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 2.67 million shares valued at $284.54 million. The investor’s holdings represent 10.8943 of the MGRC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 1.94 million shares valued at $206.44 million to account for 7.904 of the shares outstanding. The other top investors are CAPITAL RESEARCH GLOBAL INVESTORS which holds 0.78 million shares representing 3.1984 and valued at over $83.54 million, while RIVER ROAD ASSET MANAGEMENT, LLC holds 3.0252 of the shares totaling 0.74 million with a market value of $79.01 million.
McGrath Rentcorp (MGRC) Insider Activity
The most recent transaction is an insider sale by VAN TREASE KRISTINA, the company’s Sr. VP Business Strategy & Dev. SEC filings show that VAN TREASE KRISTINA sold 4,325 shares of the company’s common stock on Nov 03 ’23 at a price of $102.00 per share for a total of $0.44 million. Following the sale, the insider now owns 4073.0 shares.
McGrath Rentcorp disclosed in a document filed with the SEC on Nov 03 ’23 that VAN TREASE KRISTINA (Sr. VP Business Strategy & Dev) sold a total of 1,950 shares of the company’s common stock. The trade occurred on Nov 03 ’23 and was made at $102.00 per share for $0.2 million. Following the transaction, the insider now directly holds 3820.0 shares of the MGRC stock.
Still, SEC filings show that on Nov 03 ’23, Whitney David M (VP, Controller, PAO) disposed off 4,325 shares at an average price of $102.00 for $0.44 million. The insider now directly holds 4,073 shares of McGrath Rentcorp (MGRC).
