The EVP & CFO of Mcgrath Rentcorp (NASDAQ: MGRC) is Selling Shares

By Carrie Williams

On November 13, the EVP & CFO of Mcgrath Rentcorp (NASDAQ: MGRC), Keith E. Pratt, sold shares of MGRC for $172.3K.

Following Keith E. Pratt’s last MGRC Sell transaction on September 11, 2017, the stock climbed by 5.4%. In addition to Keith E. Pratt, 2 other MGRC executives reported Sell trades in the last month.

Based on Mcgrath Rentcorp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $135 million and quarterly net profit of $16.76 million. In comparison, last year the company earned revenue of $122 million and had a net profit of $12.87 million. The company has a one-year high of $49.66 and a one-year low of $32.09. MGRC’s market cap is $1.11B and the company has a P/E ratio of 24.34.

The insider sentiment on Mcgrath Rentcorp has been negative according to 47 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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McGrath RentCorp engages in the management of diversified business to business rental providers. It operates through the following segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. The Mobile Modular segment operates four inventory center, at which relocatable modular buildings and storage containers are displayed, refurbished, and stored.