MGRC News & Analysis

$905K Insider Sale Reported for McGrath RentCorp (MGRC)

On July 1, 2026, Joseph F. Hanna, a director of McGrath RentCorp (MGRC), sold 7,500 shares at a weighted average price of $120.64, totaling $905,000. This sale represents a 4.72% reduction in his direct holdings, bringing his total to 151,549 shares. The transaction is notably smaller than his historical average of around 13,254 shares per sale. Despite the sale, Hanna retains approximately $18.3 million in stock and the company has reported a 5% revenue growth to $162.2 million for Q1 2026, along with maintaining full-year revenue guidance of $945 million to $995 million.