McGrath RentCorp (NASDAQ:MGRC) had declared a cash dividend of $0.2550 on Sep 21, 2016. The shares will quote ex-dividend on Oct 13, 2016 and the record date has been fixed for Oct 17, 2016. On Sep 21, 2016 share price, the yield comes out to be 3.2371%. The dividend payable date has been fixed on Oct 31, 2016.
In a different note, On Sep 14, 2016, Sidoti & Co. said it Maintains its rating on McGrath RentCorp. In the research note, the firm Raises the price-target to $36.00 per share. The shares have been rated ‘Buy’ by the firm.
McGrath RentCorp (MGRC) made into the market gainers list on Thursdays trading session with the shares advancing 1.43% or 0.45 points. Due to strong positive momentum, the stock ended at $31.96, which is also near the day’s high of $32.05. The stock began the session at $31.79 and the volume stood at 1,91,749 shares. The 52-week high of the shares is $33.35 and the 52 week low is $21.459. The company has a current market capitalization of $764 M and it has 2,39,07,760 shares in outstanding.
McGrath RentCorp(MGRC) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $103.11M. Analysts had an estimated revenue of $98.58M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.34.
Several Insider Transactions has been reported to the SEC. On Sep 12, 2016, John P Skenesky (VP and Division Manager) sold 392 shares at $31.98 per share price.Also, On Sep 7, 2016, Dennis C Kakures (CEO) sold 36,777 shares at $32.60 per share price.On Aug 24, 2016, Keith E Pratt (Sr VP and CFO) sold 1,372 shares at $31.94 per share price, according to the Form-4 filing with the securities and exchange commission.
McGrath RentCorp is a business-to-business rental company with three rental divisions: relocatable modular buildings electronic test equipment and liquid and solid containment tanks and boxes. The Companys primary emphasis is on equipment rentals. However sales of equipment occur in the normal course of business. The Company is comprised of four business segments: modular building and portable storage rental division (Mobile Modular); electronic test equipment rental division (TRS-RenTelco); wholly owned subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids (Adler Tanks); and wholly owned subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex). The Mobile Modular business segment includes Mobile Modular Portable Storage.