Favorable News Coverage Somewhat Unlikely to Affect McGrath RentCorp (MGRC) Share Price

News headlines about McGrath RentCorp (NASDAQ:MGRC) have been trending positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. McGrath RentCorp earned a coverage optimism score of 0.40 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.6046613234244 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

MGRC has been the topic of several recent research reports. BidaskClub lowered McGrath RentCorp from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research lowered McGrath RentCorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine lowered McGrath RentCorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Oppenheimer reiterated a “hold” rating on shares of McGrath RentCorp in a research report on Wednesday, November 1st.

McGrath RentCorp (NASDAQ MGRC) opened at $47.39 on Thursday. The company has a market capitalization of $1,128.79, a PE ratio of 24.94, a PEG ratio of 2.13 and a beta of 1.00. McGrath RentCorp has a 1 year low of $32.09 and a 1 year high of $50.69.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, January 16th. This represents a $1.04 annualized dividend and a dividend yield of 2.19%. McGrath RentCorp’s dividend payout ratio (DPR) is presently 54.74%.

In related news, Director William J. Dawson sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $47.83, for a total transaction of $191,320.00. Following the transaction, the director now directly owns 15,543 shares in the company, valued at approximately $743,421.69. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Keith E. Pratt sold 1,213 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $46.52, for a total value of $56,428.76. Following the transaction, the vice president now owns 25,382 shares in the company, valued at $1,180,770.64. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by corporate insiders.

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About McGrath RentCorp

McGrath RentCorp is a diversified business-to-business rental company. The Company operates through four business segments: 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).

Insider Buying and Selling by Quarter for McGrath RentCorp (NASDAQ:MGRC)

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