On November 7, 2024, Joseph Hanna, President and Chief Executive Officer of McGrath RentCorp (MGRC, Financial), executed a sale of 19,945 shares of the company. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing. Following this transaction, the insider now owns 151,304 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. The company operates through divisions that cater to different market needs, including educational institutions, construction sites, and technology sectors.
Over the past year, Joseph Hanna has sold a total of 19,945 shares and has not purchased any shares. The overall insider transaction history for McGrath RentCorp shows a trend with 0 insider buys and 10 insider sells over the past year.
On the date of the latest transaction, shares of McGrath RentCorp were trading at $120.26, giving the company a market cap of approximately $2.97 billion. The price-earnings ratio of the stock stands at 13.21, which is lower than the industry median of 18.55 and also below the historical median for the company.
The stock's GF Value is estimated at $127.21, indicating that McGrath RentCorp is fairly valued with a price-to-GF-Value ratio of 0.95. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of potential stock performance, considering the broader context of the company's valuation and market position.
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.
