On October 28, 2024, Keith Pratt, Executive Vice President and Chief Financial Officer of McGrath RentCorp (MGRC, Financial), executed a sale of 5,000 shares of the company. According to the SEC Filing, the transaction occurred at a stock price of $114.51 per share. Following this transaction, the insider now owns 51,867 shares of McGrath RentCorp.
McGrath RentCorp is engaged in the rental and sale of relocatable modular buildings, electronic test equipment, and liquid and solid containment tanks and boxes in the United States. The company operates through four divisions: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex.
Over the past year, the insider transaction history at McGrath RentCorp shows a total of five insider sales and no insider buys. This recent sale by Keith Pratt aligns with the ongoing trend of insider sales within the company.
Shares of McGrath RentCorp were trading at $114.51 on the day of the sale, giving the company a market cap of approximately $2.88 billion. The price-earnings ratio of the stock stands at 12.80, which is lower than the industry median of 18.07 and also below the company’s historical median.
The GF Value of McGrath RentCorp is estimated at $126.21, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.91. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking insider behavior as an indicator of potential stock performance, considering the alignment with the company's valuation metrics and the ongoing insider selling trend.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
