Do Institutional Investors Love Mcgrath Rentcorp (NASDAQ:MGRC)?

November 15, 2017 - By Adrian Mccoy

 Do Institutional Investors Love Mcgrath Rentcorp (NASDAQ:MGRC)?

Sentiment for Mcgrath Rentcorp (NASDAQ:MGRC)

Mcgrath Rentcorp (NASDAQ:MGRC) institutional sentiment decreased to 1.28 in Q2 2017. Its down -0.15, from 1.43 in 2017Q1. The ratio turned negative, as 59 active investment managers increased and opened new holdings, while 46 decreased and sold their positions in Mcgrath Rentcorp. The active investment managers in our partner’s database now have: 19.43 million shares, up from 19.24 million shares in 2017Q1. Also, the number of active investment managers holding Mcgrath Rentcorp in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 10 Reduced: 36 Increased: 43 New Position: 16.

McGrath RentCorp is a diversified business-to-business rental company. The company has market cap of $1.11 billion. The Firm operates through four business divisions: modular building and portable storage segment ; 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). It has a 24.26 P/E ratio. The Mobile Modular business segment includes Mobile Modular Portable Storage division.

About 8,834 shares traded. McGrath RentCorp (NASDAQ:MGRC) has risen 25.54% since November 15, 2016 and is uptrending. It has outperformed by 8.84% the S&P500.

Analysts await McGrath RentCorp (NASDAQ:MGRC) to report earnings on February, 27. They expect $0.55 EPS, up 37.50 % or $0.15 from last year’s $0.4 per share. MGRC’s profit will be $13.23M for 20.97 P/E if the $0.55 EPS becomes a reality. After $0.69 actual EPS reported by McGrath RentCorp for the previous quarter, Wall Street now forecasts -20.29 % negative EPS growth.

Hcsf Management Llc holds 9.72% of its portfolio in McGrath RentCorp for 387,830 shares. Walthausen & Co. Llc owns 470,245 shares or 1.59% of their US portfolio. Moreover, Skyline Asset Management Lp has 1.16% invested in the company for 395,800 shares. The Florida-based Deprince Race & Zollo Inc has invested 0.8% in the stock. Piermont Capital Management Inc., a Missouri-based fund reported 71,697 shares.#img1#

McGrath RentCorp (NASDAQ:MGRC) Ratings Coverage

Ratings analysis reveals 33% of McGrath RentCorp’s analysts are positive. Out of 3 Wall Street analysts rating McGrath RentCorp, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. MGRC was included in 4 notes of analysts from November 4, 2015. The company was upgraded on Friday, January 8 by Sidoti. KeyBanc Capital Markets downgraded McGrath RentCorp (NASDAQ:MGRC) on Wednesday, November 4 to “Sector Weight” rating. The firm has “Buy” rating by Sidoti given on Wednesday, September 14. The stock of McGrath RentCorp (NASDAQ:MGRC) earned “Hold” rating by Oppenheimer on Thursday, August 3.

More notable recent McGrath RentCorp (NASDAQ:MGRC) news were published by: Fool.com which released: “McGrath RentCorp results: The raw numbers” on May 03, 2017, also Fool.com with their article: “McGrath RentCorp: The raw numbers” published on August 03, 2017, Fool.com published: “Behind McGrath RentCorp’s Surprisingly Good Quarter” on November 01, 2017. More interesting news about McGrath RentCorp (NASDAQ:MGRC) were released by: Seekingalpha.com and their article: “Emerson Electric, Eaton or McGrath RentCorp – Potential GRAVY In the …” published on July 31, 2017 as well as Nasdaq.com‘s news article titled: “McGrath RentCorp (MGRC) Ex-Dividend Date Scheduled for October 16, 2017” with publication date: October 13, 2017.

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