McGrath RentCorp director sells $124,692 in stock

Published 01/03/2025, 01:12
McGrath RentCorp director sells $124,692 in stock

Kimberly Ann Box, a director at McGrath RentCorp (NASDAQ:MGRC), a $2.99 billion equipment rental company currently trading at a P/E ratio of 12.96, recently sold 1,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at an average price of $124.69 per share, totaling approximately $124,692. Following this transaction, Box now holds 7,500 shares directly. The sale was executed on February 27, 2025, with the filing signed by David Whitney as Power of Attorney for Kimberly A. Box. According to InvestingPro data, analysts maintain a bullish outlook with price targets ranging up to $152, and the company has maintained dividend payments for 36 consecutive years. For deeper insights, InvestingPro offers 10+ additional tips about MGRC’s financial health and market position.

In other recent news, McGrath RentCorp announced the appointment of David M. Whitney as its new Senior Vice President and Chief Accounting Officer. Whitney has been with the company since 2000, bringing extensive experience from his previous roles, including Corporate Controller and Vice President, Principal Accounting Officer. The announcement was made in a filing with the Securities and Exchange Commission. The company’s Board of Directors confirmed that there are no changes to Whitney’s compensation with his new role. Additionally, there are no reported arrangements or understandings related to his appointment. Whitney is married to Kristina Van Trease, the company’s Senior Vice President, Chief Strategy Officer. However, he does not have any direct or indirect material interest in any transaction that would require disclosure under SEC regulations. This leadership change is part of McGrath RentCorp’s ongoing management structure and does not indicate any broader strategic shifts.

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