McGrath RentCorp (MGRC) Stock Price, News & Analysis

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for McGrath RentCorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MGRC shares.
View MGRC analyst ratings or view top-rated stocks.

1 brokers have issued 12-month price targets for McGrath RentCorp's stock. Their MGRC share price targets range from $116.00 to $116.00. On average, they predict the company's stock price to reach $116.00 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price.
View analysts price targets for MGRC or view top-rated stocks among Wall Street analysts.

McGrath RentCorp's stock was trading at $119.62 at the beginning of 2024. Since then, MGRC shares have decreased by 7.7% and is now trading at $110.39.
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McGrath RentCorp saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 1,850,000 shares, a decline of 18.1% from the March 15th total of 2,260,000 shares. Based on an average daily volume of 347,000 shares, the short-interest ratio is presently 5.3 days. Currently, 7.7% of the company's stock are short sold.
View McGrath RentCorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our MGRC earnings forecast.

McGrath RentCorp will be holding an earnings conference call on Thursday, April 25th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-2663.

McGrath RentCorp (NASDAQ:MGRC) issued its earnings results on Wednesday, February, 21st. The financial services provider reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.37 by $0.07. The financial services provider had revenue of $221.59 million for the quarter, compared to analysts' expectations of $214.43 million. McGrath RentCorp had a trailing twelve-month return on equity of 13.63% and a net margin of 20.99%.

McGrath RentCorp declared a quarterly dividend on Wednesday, February 21st. Stockholders of record on Tuesday, April 16th will be paid a dividend of $0.475 per share on Tuesday, April 30th. This represents a $1.90 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Monday, April 15th. This is a boost from the stock's previous quarterly dividend of $0.47.
Read our dividend analysis for MGRC.

McGrath RentCorp (NASDAQ:MGRC) pays an annual dividend of $1.90 per share and currently has a dividend yield of 1.70%. The company has been increasing its dividend for 32 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 26.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGRC will have a dividend payout ratio of 30.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGRC.

ETFs with the largest weight of McGrath RentCorp (NASDAQ:MGRC) stock in their portfolio include AdvisorShares Focused Equity ETF (CWS), ProShares Merger ETF (MRGR), AltShares Event-Driven ET (EVNT), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), IQ Merger Arbitrage ETF (MNA), JPMorgan Active Small Cap Value ETF (JPSV), AltShares Merger Arbitrage ETF (ARB) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).

7 employees have rated McGrath RentCorp Chief Executive Officer Joseph F. Hanna on Glassdoor.com. Joseph F. Hanna has an approval rating of 100% among the company's employees. This puts Joseph F. Hanna in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other McGrath RentCorp investors own include Home Depot (HD), AbbVie (ABBV), NVIDIA (NVDA), Verizon Communications (VZ), Cisco Systems (CSCO), S&P Global (SPGI), AT&T (T), Intel (INTC), NextEra Energy (NEE) and Fortinet (FTNT).

McGrath RentCorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (1.58%), Allspring Global Investments Holdings LLC (0.12%) and Chatham Capital Group Inc. (0.10%). Insiders that own company stock include Dennis P Stradford, Elizabeth A Fetter, John Lieffrig, John P Skenesky, Kimberly Ann Box, Philip B Hawkins, Philip B Hawkins, Tara Wescott and Trease Kristina Van.
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Shares of MGRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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