Institutional Investors Sentiment Indicator of Mcgrath Rentcorp (NASDAQ:MGRC) Drops in 2018 Q1

July 27, 2018 - By Robert Shackelford

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Sentiment for Mcgrath Rentcorp (NASDAQ:MGRC)

Mcgrath Rentcorp (NASDAQ:MGRC) institutional sentiment decreased to 1.17 in 2018 Q1. Its down -0.48, from 1.65 in 2017Q4. The ratio turned negative, as 69 investment managers increased and started new equity positions, while 59 decreased and sold their equity positions in Mcgrath Rentcorp. The investment managers in our partner’s database now hold: 18.49 million shares, down from 19.35 million shares in 2017Q4. Also, the number of investment managers holding Mcgrath Rentcorp in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 9 Reduced: 50 Increased: 37 New Position: 32.

McGrath RentCorp, a business to business rental company, rents and sells relocatable modular buildings, electronic test equipment, and liquid and solid containment tanks and boxes in the United States and internationally. The company has market cap of $1.46 billion. It operates through four divisions: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. It has a 9.17 P/E ratio. The Mobile Modular segment rents and sells modular buildings designed for use as classrooms, temporary offices adjacent to existing facilities, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, office space, and various other purposes; and portable storage containers.

The stock decreased 1.88% or $1.16 during the last trading session, reaching $60.42. About 103,735 shares traded. McGrath RentCorp (NASDAQ:MGRC) has risen 88.55% since July 27, 2017 and is uptrending. It has outperformed by 75.98% the S&P500.

Analysts await McGrath RentCorp (NASDAQ:MGRC) to report earnings on July, 31 after the close. They expect $0.65 earnings per share, up 35.42 % or $0.17 from last year’s $0.48 per share. MGRC’s profit will be $15.67M for 23.24 P/E if the $0.65 EPS becomes a reality. After $0.48 actual earnings per share reported by McGrath RentCorp for the previous quarter, Wall Street now forecasts 35.42 % EPS growth.

Hcsf Management Llc holds 13.59% of its portfolio in McGrath RentCorp for 357,830 shares. Walthausen & Co. Llc owns 437,355 shares or 2.32% of their US portfolio. Moreover, Skyline Asset Management Lp has 1.83% invested in the company for 421,700 shares. The Illinois-based Sg Capital Management Llc has invested 1.42% in the stock. Rk Capital Management Llc, a Colorado-based fund reported 83,297 shares.

Since January 1, 0001, it had 0 insider purchases, and 24 insider sales for $6.01 million activity.

Another recent and important McGrath RentCorp (NASDAQ:MGRC) news was published by Nasdaq.com which published an article titled: “McGrath RentCorp Sets Second Quarter 2018 Financial Results Date and Time” on July 02, 2018.

McGrath RentCorp (NASDAQ:MGRC) Institutional Positions Chart

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