Mcgrath Rentcorp (NASDAQ:MGRC) Institutional Investors 2018 Q1 Sentiment

June 14, 2018 - By Vivian Park

McGrath RentCorp (NASDAQ:MGRC) Logo

Sentiment for Mcgrath Rentcorp (NASDAQ:MGRC)

Mcgrath Rentcorp (NASDAQ:MGRC) institutional sentiment decreased to 1.17 in Q1 2018. Its down -0.48, from 1.65 in 2017Q4. The ratio worsened, as 69 hedge funds started new and increased equity positions, while 59 sold and decreased their holdings in Mcgrath Rentcorp. The hedge funds in our partner’s database now own: 18.49 million shares, down from 19.35 million shares in 2017Q4. Also, the number of hedge funds 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 $1.55 billion. It operates through four divisions: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. It has a 10.16 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 1.17% or $0.76 during the last trading session, reaching $64.41. About 83,100 shares traded. McGrath RentCorp (NASDAQ:MGRC) has risen 88.55% since June 14, 2017 and is uptrending. It has outperformed by 75.98% the S&P500.

Analysts await McGrath RentCorp (NASDAQ:MGRC) to report earnings on August, 1. They expect $0.65 EPS, up 35.42 % or $0.17 from last year’s $0.48 per share. MGRC’s profit will be $15.68M for 24.77 P/E if the $0.65 EPS becomes a reality. After $0.48 actual EPS 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.

McGrath RentCorp (NASDAQ:MGRC) Institutional Positions Chart

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