On October 29, 2024, William Dawson, Director at McGrath RentCorp (MGRC, Financial), executed a sale of 20,000 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now directly owns 4,000 shares of McGrath RentCorp.
McGrath RentCorp, based in Livermore, California, is a diversified business-to-business rental company. It provides 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, William Dawson has sold a total of 20,000 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed over the last year, where McGrath RentCorp has seen a total of 5 insider sales and no insider buys.
Shares of McGrath RentCorp were trading at $115 on the day of the transaction. The company has a market cap of approximately $2.88 billion. The price-earnings ratio of the stock is 12.80, which is below both the industry median of 18.07 and 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 is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future prospects and valuation alignment.
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.
