On November 1, 2024, Director Kimberly Box sold 1,000 shares of McGrath RentCorp (MGRC, Financial) at a price of $114.62 per share. The transaction, detailed in the SEC Filing, resulted in a total sale amount of $114,620. Following this sale, the insider now owns 7,500 shares of the company.
McGrath RentCorp is a business-to-business rental company providing modular building and portable storage solutions, electronic test equipment, and liquid and solid containment tanks and boxes in the United States.
Over the past year, the insider transaction history for McGrath RentCorp shows a trend of more sales than purchases among insiders. There have been 11 insider sells and no insider buys. The insider, Kimberly Box, has sold a total of 1,000 shares and purchased 0 shares over the past year.
Shares of McGrath RentCorp were trading at $114.62 on the day of the sale, giving the company a market cap of approximately $2.83 billion. The price-earnings ratio of the stock is 12.59, which is lower than the industry median of 18.11 and also below the company's historical median.
According to the GF Value, McGrath RentCorp has a price-to-GF-Value ratio of 0.91, indicating that the stock is Fairly Valued. The GF Value of $126.28 is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This recent insider sale might interest investors tracking insider behaviors as an indicator of confidence levels in the company's future performance, especially when considered alongside the company's valuation metrics and stock performance trends.
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.
