McGrath RentCorp (NASDAQ:MGRC) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

15 Apr 2026, 17:55 by Teresa Graham · The Cerbat Gem

McGrath RentCorp (NASDAQ:MGRC – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $109.97 and traded as high as $114.87. McGrath RentCorp shares last traded at $114.33, with a volume of 102,290 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MGRC. Barclays began coverage on shares of McGrath RentCorp in a research report on Wednesday, February 11th. They set an “overweight” rating and a $140.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of McGrath RentCorp in a research note on Tuesday, January 27th. Finally, Zacks Research raised shares of McGrath RentCorp from a “strong sell” rating to a “hold” rating in a report on Thursday, January 15th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $141.50.

Check Out Our Latest Report on McGrath RentCorp

McGrath RentCorp Stock Up 0.8%

The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 1.13 and a beta of 0.49. The stock’s 50-day simple moving average is $111.36 and its 200 day simple moving average is $109.94.

McGrath RentCorp (NASDAQ:MGRC – Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.28. McGrath RentCorp had a net margin of 16.55% and a return on equity of 13.21%. The company had revenue of $256.76 million during the quarter, compared to analyst estimates of $254.32 million. As a group, equities research analysts anticipate that McGrath RentCorp will post 6.18 earnings per share for the current year.

McGrath RentCorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from McGrath RentCorp’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, April 16th. McGrath RentCorp’s dividend payout ratio is 30.55%.

Hedge Funds Weigh In On McGrath RentCorp

A number of large investors have recently modified their holdings of MGRC. Northwestern Mutual Wealth Management Co. raised its position in McGrath RentCorp by 690,151.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 296,808 shares of the financial services provider’s stock worth $31,144,000 after purchasing an additional 296,765 shares during the last quarter. Channing Capital Management LLC boosted its position in McGrath RentCorp by 39.1% in the 4th quarter. Channing Capital Management LLC now owns 836,894 shares of the financial services provider’s stock valued at $87,815,000 after buying an additional 235,311 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in McGrath RentCorp by 752.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 237,506 shares of the financial services provider’s stock valued at $24,922,000 after buying an additional 209,646 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of McGrath RentCorp by 102.8% in the 3rd quarter. Raymond James Financial Inc. now owns 303,205 shares of the financial services provider’s stock valued at $35,566,000 after buying an additional 153,701 shares during the period. Finally, Tredje AP fonden bought a new stake in shares of McGrath RentCorp during the fourth quarter worth $12,246,000. 92.05% of the stock is currently owned by institutional investors and hedge funds.

McGrath RentCorp Company Profile

(Get Free Report)

McGrath RentCorp, through its subsidiaries, provides rental, sales, and servicing of equipment for commercial, industrial, environmental, and residential markets. The company operates primarily through two segments—mobile storage and water management—offering flexible solutions for customers requiring on-site storage, water transport, treatment, and dewatering services.