Robeco Institutional Asset Management B.V. Has $600,000 Holdings in McGrath RentCorp (MGRC)

Robeco Institutional Asset Management B.V. continued to hold its position in McGrath RentCorp (NASDAQ:MGRC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,339 shares of the financial services provider’s stock at the close of the 2nd quarter. Robeco Institutional Asset Management B.V. owned 0.07% of McGrath RentCorp worth $600,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MGRC. US Bancorp DE lifted its position in shares of McGrath RentCorp by 17,333.3% during the 2nd quarter. US Bancorp DE now owns 4,184 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 4,160 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of McGrath RentCorp by 260.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,484 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 3,241 shares during the period. Airain ltd acquired a new position in shares of McGrath RentCorp during the 1st quarter valued at $201,000. Legal & General Group Plc lifted its position in shares of McGrath RentCorp by 2.4% during the 2nd quarter. Legal & General Group Plc now owns 7,252 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 172 shares during the period. Finally, Mckinley Capital Management LLC Delaware lifted its position in shares of McGrath RentCorp by 1.7% during the 1st quarter. Mckinley Capital Management LLC Delaware now owns 7,769 shares of the financial services provider’s stock valued at $261,000 after acquiring an additional 130 shares during the period. 82.54% of the stock is currently owned by institutional investors.

McGrath RentCorp (MGRC) opened at 41.16 on Friday. The firm’s 50-day moving average is $38.28 and its 200 day moving average is $35.30. McGrath RentCorp has a 12-month low of $29.26 and a 12-month high of $41.61. The firm has a market cap of $987.55 million, a P/E ratio of 23.53 and a beta of 0.96.

McGrath RentCorp (NASDAQ:MGRC) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.10. McGrath RentCorp had a net margin of 9.74% and a return on equity of 10.62%. The firm had revenue of $109.58 million for the quarter, compared to analysts’ expectations of $105.36 million. During the same quarter in the previous year, the business posted $0.38 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts forecast that McGrath RentCorp will post $1.88 earnings per share for the current year.

In other news, VP Keith E. Pratt sold 3,261 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $40.73, for a total transaction of $132,820.53. Following the sale, the vice president now owns 26,000 shares in the company, valued at approximately $1,058,980. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Trease Kristina Van sold 3,400 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $39.61, for a total transaction of $134,674.00. Following the sale, the vice president now owns 15,030 shares in the company, valued at approximately $595,338.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,265 shares of company stock worth $719,958. Company insiders own 4.60% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This report was originally published by BBNS and is the property of of BBNS. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this report can be viewed at https://baseballnewssource.com/markets/robeco-institutional-asset-management-b-v-has-600000-holdings-in-mcgrath-rentcorp-mgrc/1610208.html.

A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of McGrath RentCorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. BidaskClub upgraded shares of McGrath RentCorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th.

McGrath RentCorp Profile

McGrath RentCorp is a diversified business-to-business rental company. The Company operates through four business segments: modular building and portable storage segment (Mobile Modular); electronic test equipment segment (TRS-RenTelco); a subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and a subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex).

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 our FREE daily email newsletter.

 


Latest News

Cleveland Indians Winning Streak Reaches 18
Cleveland Indians Winning Streak Reaches 18
Washington Nationals Call Up Prospect to Help Outfield
Washington Nationals Call Up Prospect to Help Outfield
Gene Michael Former Yankees Great Dies at 79
Gene Michael Former Yankees Great Dies at 79
Red Sox Use Apple Watch to Steal Yankees Signs
Red Sox Use Apple Watch to Steal Yankees Signs
Milwaukee Brewers Have Options for Reaching the Postseason
Milwaukee Brewers Have Options for Reaching the Postseason
Seattle Mariners Sign Mike Leake from St. Louis
Seattle Mariners Sign Mike Leake from St. Louis


Leave a Reply

 
© 2006-2017 BBNS.