ProShare Advisors LLC lifted its holdings in shares of McGrath RentCorp (NASDAQ:MGRC – Free Report) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,596 shares of the financial services provider’s stock after purchasing an additional 698 shares during the quarter. ProShare Advisors LLC owned 0.39% of McGrath RentCorp worth $8,920,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of McGrath RentCorp by 1.5% during the third quarter. Vanguard Group Inc. now owns 2,562,216 shares of the financial services provider’s stock worth $214,867,000 after purchasing an additional 36,699 shares during the period. BlackRock Inc. raised its holdings in shares of McGrath RentCorp by 5.3% during the first quarter. BlackRock Inc. now owns 2,137,582 shares of the financial services provider’s stock worth $199,458,000 after acquiring an additional 108,150 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of McGrath RentCorp by 8.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 643,089 shares of the financial services provider’s stock worth $63,499,000 after acquiring an additional 47,834 shares during the period. State Street Corp raised its holdings in shares of McGrath RentCorp by 6.4% during the first quarter. State Street Corp now owns 528,093 shares of the financial services provider’s stock worth $49,276,000 after acquiring an additional 31,625 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of McGrath RentCorp by 5.5% during the first quarter. Geode Capital Management LLC now owns 474,746 shares of the financial services provider’s stock worth $44,299,000 after acquiring an additional 24,671 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.
McGrath RentCorp Stock Performance
Shares of McGrath RentCorp stock opened at $100.21 on Friday. McGrath RentCorp has a 52-week low of $81.63 and a 52-week high of $111.70. The business’s 50 day simple moving average is $97.18 and its 200 day simple moving average is $93.98. The firm has a market cap of $2.45 billion, a PE ratio of 14.23, a P/E/G ratio of 2.04 and a beta of 0.78.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on McGrath RentCorp in a research report on Thursday, August 17th. They issued a “hold” rating on the stock.
View Our Latest Research Report on McGrath RentCorp
Insiders Place Their Bets
In other McGrath RentCorp news, Director Elizabeth A. Fetter sold 430 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $102.59, for a total transaction of $44,113.70. Following the transaction, the director now owns 4,770 shares of the company’s stock, valued at approximately $489,354.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Elizabeth A. Fetter sold 430 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $102.59, for a total transaction of $44,113.70. Following the transaction, the director now directly owns 4,770 shares in the company, valued at approximately $489,354.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Philip B. Hawkins sold 2,607 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $98.72, for a total transaction of $257,363.04. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
McGrath RentCorp Company Profile
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, electronic test equipment, and liquid and solid containment tanks and boxes. The company operates through Mobile Modular, TRS-RenTelco, and Enviroplex segments.
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