Robeco Institutional Asset Management B.V. increased its position in McGrath RentCorp (NASDAQ:MGRC) by 192.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 63,877 shares of the financial services provider’s stock after purchasing an additional 42,044 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in McGrath RentCorp were worth $4,041,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Algert Global LLC raised its stake in McGrath RentCorp by 1.8% during the 1st quarter. Algert Global LLC now owns 63,707 shares of the financial services provider’s stock valued at $3,420,000 after acquiring an additional 1,101 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in McGrath RentCorp by 1.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 183,472 shares of the financial services provider’s stock valued at $9,851,000 after acquiring an additional 1,949 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its stake in McGrath RentCorp by 52.5% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 8,709 shares of the financial services provider’s stock valued at $468,000 after acquiring an additional 3,000 shares during the last quarter. BW Gestao de Investimentos Ltda. raised its stake in McGrath RentCorp by 12.9% during the 1st quarter. BW Gestao de Investimentos Ltda. now owns 27,642 shares of the financial services provider’s stock valued at $1,484,000 after acquiring an additional 3,151 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in McGrath RentCorp during the 1st quarter valued at approximately $195,000. 83.26% of the stock is owned by institutional investors and hedge funds.

MGRC opened at $57.73 on Monday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 2.13 and a beta of 0.84. McGrath RentCorp has a 52 week low of $38.06 and a 52 week high of $68.79.

McGrath RentCorp (NASDAQ:MGRC) last released its earnings results on Tuesday, July 31st. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. McGrath RentCorp had a return on equity of 11.91% and a net margin of 34.37%. The company had revenue of $117.00 million for the quarter, compared to analysts’ expectations of $112.69 million. During the same quarter in the previous year, the firm posted $0.48 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. equities research analysts predict that McGrath RentCorp will post 2.73 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 17th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Monday, July 16th. McGrath RentCorp’s payout ratio is 63.55%.

In other McGrath RentCorp news, VP Kay Dashner sold 1,507 shares of the business’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $65.00, for a total transaction of $97,955.00. Following the transaction, the vice president now owns 6,884 shares in the company, valued at approximately $447,460. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John P. Skenesky sold 1,614 shares of the business’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $67.39, for a total value of $108,767.46. Following the transaction, the vice president now owns 1,716 shares in the company, valued at approximately $115,641.24. The disclosure for this sale can be found here. Insiders have sold a total of 12,880 shares of company stock worth $841,408 in the last quarter. 2.00% of the stock is currently owned by insiders.

Several research firms have commented on MGRC. Zacks Investment Research downgraded McGrath RentCorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. BidaskClub downgraded McGrath RentCorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 31st. Finally, ValuEngine downgraded McGrath RentCorp from a “buy” rating to a “hold” rating in a research note on Monday, July 30th.

About McGrath RentCorp

McGrath RentCorp, a business to business rental company, rents and sells relocatable modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks and boxes in the United States and internationally. It operates through four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex.

Read More: Trading Strategy Examples and Plans

Want to see what other hedge funds are holding MGRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McGrath RentCorp (NASDAQ:MGRC).

Institutional Ownership by Quarter for McGrath RentCorp (NASDAQ:MGRC)

Receive News & Ratings for McGrath RentCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McGrath RentCorp and related companies with MarketBeat.com's FREE daily email newsletter.