Public Employees Retirement System of Ohio Grows Position in McGrath RentCorp $MGRC

Public Employees Retirement System of Ohio lifted its position in McGrath RentCorp (NASDAQ:MGRC) by 13.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 43,289 shares of the financial services provider’s stock after purchasing an additional 5,014 shares during the period. Public Employees Retirement System of Ohio owned about 0.18% of McGrath RentCorp worth $4,774,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. River Road Asset Management LLC boosted its position in McGrath RentCorp by 3.1% during the 4th quarter. River Road Asset Management LLC now owns 2,131,121 shares of the financial services provider’s stock valued at $223,619,000 after buying an additional 64,566 shares during the period. Eminence Capital LP grew its holdings in McGrath RentCorp by 0.5% in the 4th quarter. Eminence Capital LP now owns 949,673 shares of the financial services provider’s stock worth $99,649,000 after acquiring an additional 4,701 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of McGrath RentCorp by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 906,954 shares of the financial services provider’s stock valued at $100,019,000 after acquiring an additional 47,451 shares during the period. Victory Capital Management Inc. increased its position in shares of McGrath RentCorp by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 900,181 shares of the financial services provider’s stock valued at $94,456,000 after acquiring an additional 6,552 shares during the period. Finally, Channing Capital Management LLC raised its stake in shares of McGrath RentCorp by 39.1% during the fourth quarter. Channing Capital Management LLC now owns 836,894 shares of the financial services provider’s stock valued at $87,815,000 after acquiring an additional 235,311 shares during the last quarter. 92.05% of the stock is owned by hedge funds and other institutional investors.

McGrath RentCorp Stock Down 2.5%

Shares of MGRC stock opened at $117.00 on Thursday. The stock has a fifty day moving average of $115.46 and a 200 day moving average of $113.36. McGrath RentCorp has a 52 week low of $94.99 and a 52 week high of $128.33. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 1.22 and a beta of 0.43.

McGrath RentCorp (NASDAQ:MGRC) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.10). McGrath RentCorp had a net margin of 16.38% and a return on equity of 12.84%. The company had revenue of $221.11 million for the quarter, compared to analysts’ expectations of $236.51 million. Equities research analysts anticipate that McGrath RentCorp will post 6.35 earnings per share for the current year.

McGrath RentCorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $0.495 per share. The ex-dividend date is Friday, July 17th. This represents a $1.98 annualized dividend and a dividend yield of 1.7%. McGrath RentCorp’s payout ratio is currently 31.43%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of McGrath RentCorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $141.50.

McGrath RentCorp News Summary

Here are the key news stories impacting McGrath RentCorp this week:

• Positive Sentiment: Rental operations revenue increased 6% year over year to $172.5 million, while TRS-RenTelco rental revenue rose 17% to $31.8 million. The company also maintained its quarterly dividend at $0.495 per share. McGrath RentCorp Q2 revenue falls 6 percent to $221.1 million
• Positive Sentiment: Management raised planned 2026 gross rental capital expenditures to $200 million-$220 million, signaling continued investment in fleet expansion and rental demand. The company projects full-year adjusted EBITDA of $363 million-$375 million. McGrath outlines 2026 revenue guidance and capital expenditures
• Neutral Sentiment: McGrath issued 2026 revenue guidance of $955 million-$985 million, broadly bracketing the $967.3 million analyst consensus. The outlook suggests stable expectations, but does not provide a significant forecast upgrade. McGrath Announces Results for Second Quarter 2026
• Negative Sentiment: Second-quarter adjusted earnings were $1.37 per share, below the $1.46-$1.47 consensus estimate and down from $1.46 a year earlier. Revenue fell 6% to $221.1 million, missing expectations of approximately $236.5 million, while net income declined to $33.7 million. McGrath misses second-quarter earnings and revenue estimates
• Negative Sentiment: Sales revenue plunged 34% to $46.4 million, and lower gross profit from sales contributed to the earnings decline. Reported operating income also fell 7% to $53.3 million. Recent disclosed insider activity showed sales and no purchases, adding a potential sentiment overhang.

Insider Buying and Selling

In other McGrath RentCorp news, Director Joseph F. Hanna sold 9,470 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $112.49, for a total transaction of $1,065,280.30. Following the transaction, the director owned 159,579 shares in the company, valued at approximately $17,951,041.71. This represents a 5.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gilda Malek sold 1,407 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $114.04, for a total value of $160,454.28. Following the completion of the transaction, the senior vice president directly owned 8,018 shares of the company’s stock, valued at $914,372.72. This represents a 14.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 30,051 shares of company stock valued at $3,486,240 over the last quarter. 1.40% of the stock is currently owned by insiders.

About McGrath RentCorp

McGrath RentCorp, through its subsidiaries, provides rental, sales, and servicing of equipment for commercial, industrial, environmental, and residential markets. The company operates primarily through two segments—mobile storage and water management—offering flexible solutions for customers requiring on-site storage, water transport, treatment, and dewatering services.

In its mobile storage segment, McGrath RentCorp supplies portable storage containers and modular office units to sectors including construction, retail, government, and disaster restoration.