McGrath RentCorp (NASDAQ:MGRC) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

McGrath RentCorp (NASDAQ:MGRC)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $113.59 and traded as high as $114.97. McGrath RentCorp shares last traded at $113.92, with a volume of 104,998 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MGRC shares. Zacks Research upgraded shares of McGrath RentCorp from a “strong sell” rating to a “hold” rating in a report on Thursday, January 15th. Weiss Ratings cut McGrath RentCorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, McGrath RentCorp presently has a consensus rating of “Hold” and an average price target of $143.00.

McGrath RentCorp Stock Up 0.1%

The firm has a market capitalization of $2.80 billion, a PE ratio of 19.28, a PEG ratio of 1.11 and a beta of 0.50. The stock’s fifty day simple moving average is $106.29 and its 200 day simple moving average is $113.59.

McGrath RentCorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a dividend of $0.485 per share. The ex-dividend date is Friday, January 16th. This represents a $1.94 annualized dividend and a yield of 1.7%. McGrath RentCorp’s payout ratio is 32.83%.

Insider Buying and Selling

In other news, SVP Gilda Malek sold 829 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $107.29, for a total value of $88,943.41. Following the transaction, the senior vice president owned 4,068 shares of the company’s stock, valued at $436,455.72. This trade represents a 16.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On McGrath RentCorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MGRC. Aster Capital Management DIFC Ltd purchased a new position in McGrath RentCorp during the third quarter valued at approximately $29,000. Cullen Frost Bankers Inc. bought a new stake in shares of McGrath RentCorp during the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of McGrath RentCorp by 767.7% during 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. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in McGrath RentCorp in the 2nd quarter worth $37,000. Finally, Danske Bank A S bought a new position in McGrath RentCorp in the 3rd quarter worth $47,000. 92.05% of the stock is owned by hedge funds and other institutional investors.

McGrath RentCorp Company Profile

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.