Dividend On Watch: $0.26 just might be within reach for McGrath RentCorp (NASDAQ:MGRC) shareholder.

Dividend On Watch: $0.26 just might be within reach for McGrath RentCorp (NASDAQ:MGRC) shareholder.

McGrath RentCorp (NASDAQ:MGRC) is expected to pay $0.26 on Oct 31, 2016. The indicated annual dividend is $1.02. Shareholders owning the stock before Oct 13, 2016 will be eligible to receive the payout. Based on McGrath RentCorp’s current price of $31.08, the dividend is 0.82%. This dividend’s record date is Oct 17, 2016 and the announcement date is Sep 22, 2016. The stock decreased 1.92% or $0.61 during the last trading session, hitting $31.08. McGrath RentCorp (NASDAQ:MGRC) has risen 21.98% since March 9, 2016 and is uptrending. It has outperformed by 14.56% the S&P500.

McGrath RentCorp is a diversified business-to-business rental firm with four rental divisions: relocatable modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks and boxes. The company has a market cap of $742.12 million. The Firm operates in four business divisions: modular building and portable storage segment ; electronic test equipment segment (TRS-RenTelco); a subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and a subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex). It has a 18.61 P/E ratio. The Mobile Modular business segment includes Mobile Modular Portable Storage division.

Insitutional Activity: The institutional sentiment decreased to 1.16 in Q2 2016. Its down 0.56, from 1.72 in 2016Q1. The ratio dropped, as 9 funds sold all McGrath RentCorp shares owned while 36 reduced positions. 23 funds bought stakes while 29 increased positions. They now own 18.82 million shares or 3.66% less from 19.54 million shares in 2016Q1.
Deprince Race And Zollo owns 1.36M shares or 0.84% of their US portfolio. Moreover, Teton Incorporated has 0.13% invested in McGrath RentCorp (NASDAQ:MGRC) for 48,100 shares. State Board Of Administration Of Florida Retirement Systems holds 0% of its portfolio in McGrath RentCorp (NASDAQ:MGRC) for 25,185 shares. Victory Cap Mgmt has 0% invested in the company for 15,582 shares. Moreover, Voya Investment Ltd Liability Company has 0% invested in McGrath RentCorp (NASDAQ:MGRC) for 13,467 shares. Menta Ltd Llc accumulated 0.07% or 17,466 shares. The Manitoba – Canada-based Great West Life Assurance Communications Can has invested 0% in McGrath RentCorp (NASDAQ:MGRC). Blackrock Ltd accumulated 11,025 shares or 0% of the stock. Prudential Incorporated has 17,248 shares for 0% of their US portfolio. Connors Investor Svcs holds 56,938 shares or 0.34% of its portfolio. Tudor Invest Corp Et Al holds 0.01% or 12,276 shares in its portfolio. New York State Common Retirement Fund holds 0% or 96,267 shares in its portfolio. Gabelli Funds Limited Liability accumulated 0.02% or 94,000 shares. State Street Corporation has 0% invested in the company for 437,705 shares. Blackrock last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 10, 2016, the stock had 0 buys, and 16 sales for $2.39 million net activity. Shares for $26,180 were sold by Hawkins Philip B on Tuesday, May 10. 1,362 shares were sold by PRATT KEITH E, worth $41,132. The insider ROSE RANDLE F sold $90,420. DAWSON WILLIAM J sold $151,340 worth of stock. Another trade for 2,080 shares valued at $55,252 was sold by Buckland Bruce Michael. 36,777 shares with value of $1.20 million were sold by KAKURES DENNIS C on Tuesday, September 6. $89,223 worth of McGrath RentCorp (NASDAQ:MGRC) shares were sold by STRADFORD DENNIS P.

McGrath RentCorp (NASDAQ:MGRC) Ratings Coverage

Out of 2 analysts covering McGrath RentCorp (NASDAQ:MGRC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. McGrath RentCorp has been the topic of 3 analyst reports since November 4, 2015 according to StockzIntelligence Inc. Sidoti upgraded the shares of MGRC in a report on Friday, January 8 to “Buy” rating. The firm has “Buy” rating given on Wednesday, September 14 by Sidoti. As per Wednesday, November 4, the company rating was downgraded by KeyBanc Capital Markets.

More notable recent McGrath RentCorp (NASDAQ:MGRC) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Graco, McGrath RentCorp and IDEX” on October 11, 2016, also Globenewswire.com with their article: “McGrath RentCorp Sets Third Quarter 2016 Financial Results Date and Time” published on October 11, 2016, Fool.com published: “McGrath RentCorp Posts Solid Growth Amid Headwinds” on August 03, 2016. More interesting news about McGrath RentCorp (NASDAQ:MGRC) were released by: Fool.com and their article: “The Good and Bad of McGrath RentCorp’s Earnings” published on February 26, 2016 as well as Seekingalpha.com‘s news article titled: “McGrath RentCorp Is Grossly Undervalued At The Recent Price” with publication date: August 30, 2016.

MGRC Company Profile

McGrath RentCorp, incorporated on March 27, 1979, is a diversified business-to-business rental firm with four rental divisions: relocatable modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks and boxes. Although the Company’s primary focus is on equipment rentals, sales of equipment occur in the normal course of business. The Firm operates in four business divisions: modular building and portable storage segment (Mobile Modular); electronic test equipment segment (TRS-RenTelco); a subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and a subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex). The Mobile Modular business segment includes Mobile Modular Portable Storage division.

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