Mondrian Investment Partners LTD Has Trimmed Its Mcgrath Rentcrp (MGRC) Position; California Water Service Group (CWT)’s Sentiment Is 1.12

Sunday, 29 April 2018

Mondrian Investment Partners LTD Has Trimmed Its Mcgrath Rentcrp (MGRC) Position; California Water Service Group (CWT)’s Sentiment Is 1.12

McGrath RentCorp (NASDAQ:MGRC) Logo

Mondrian Investment Partners Ltd decreased Mcgrath Rentcrp (MGRC) stake by 21.32% reported in 2017Q4 SEC filing. Mondrian Investment Partners Ltd sold 14,742 shares as Mcgrath Rentcrp (MGRC)’s stock rose 13.07%. The Mondrian Investment Partners Ltd holds 54,397 shares with $2.56M value, down from 69,139 last quarter. Mcgrath Rentcrp now has $1.43 billion valuation. The stock increased 1.19% or $0.7 during the last trading session, reaching $59.39. About 66,934 shares traded. McGrath RentCorp (NASDAQ:MGRC) has risen 62.62% since April 29, 2017 and is uptrending. It has outperformed by 51.07% the S&P500.

California Water Service Group (CWT) investors sentiment increased to 1.12 in 2017 Q4. It’s up 0.03, from 1.09 in 2017Q3. The ratio increased, as 75 investment managers increased or started new equity positions, while 67 cut down and sold equity positions in California Water Service Group. The investment managers in our database now hold: 32.84 million shares, up from 32.77 million shares in 2017Q3. Also, the number of investment managers holding California Water Service Group in top ten equity positions decreased from 1 to 0 for a decrease of 1. Sold All: 13 Reduced: 54 Increased: 45 New Position: 30.

Mondrian Investment Partners Ltd increased Acadia (NASDAQ:ACHC) stake by 55,246 shares to 133,741 valued at $4.36M in 2017Q4. It also upped Tivity Health stake by 13,607 shares and now owns 106,766 shares. Cedar Fair (NYSE:FUN) was raised too.

Among 3 analysts covering McGrath RentCorp (NASDAQ:MGRC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. McGrath RentCorp had 4 analyst reports since November 4, 2015 according to SRatingsIntel. On Friday, January 8 the stock rating was upgraded by Sidoti to “Buy”. The firm earned “Buy” rating on Wednesday, September 14 by Sidoti. The firm earned “Hold” rating on Thursday, August 3 by Oppenheimer. The stock of McGrath RentCorp (NASDAQ:MGRC) has “Sector Weight” rating given on Wednesday, November 4 by KeyBanc Capital Markets.

Analysts await McGrath RentCorp (NASDAQ:MGRC) to report earnings on May, 1 after the close. They expect $0.45 earnings per share, up 36.36% or $0.12 from last year’s $0.33 per share. MGRC’s profit will be $10.82M for 32.99 P/E if the $0.45 EPS becomes a reality. After $0.62 actual earnings per share reported by McGrath RentCorp for the previous quarter, Wall Street now forecasts -27.42% negative EPS growth.

Since March 1, 2018, it had 0 buys, and 11 selling transactions for $2.18 million activity. The insider Skenesky John P sold 4,265 shares worth $217,444. Shares for $296,774 were sold by Hawkins Philip B on Thursday, March 1. On Wednesday, March 7 PRATT KEITH E sold $100,145 worth of McGrath RentCorp (NASDAQ:MGRC) or 1,965 shares. ZECH RONALD H sold 2,053 shares worth $103,641. $128,500 worth of McGrath RentCorp (NASDAQ:MGRC) was sold by Dashner Kay on Thursday, March 8. VAN TREASE KRISTINA had sold 2,957 shares worth $147,775 on Thursday, March 1. $147,775 worth of McGrath RentCorp (NASDAQ:MGRC) was sold by Whitney David M on Thursday, March 1.

Investors sentiment increased to 1.65 in 2017 Q4. Its up 0.48, from 1.17 in 2017Q3. It increased, as 4 investors sold MGRC shares while 39 reduced holdings. 26 funds opened positions while 45 raised stakes. 19.35 million shares or 0.66% less from 19.48 million shares in 2017Q3 were reported. Tudor Invest Et Al has invested 0.01% of its portfolio in McGrath RentCorp (NASDAQ:MGRC). Ny State Common Retirement Fund has 0% invested in McGrath RentCorp (NASDAQ:MGRC) for 31,067 shares. Jpmorgan Chase And holds 0% or 48,052 shares. Moreover, Wilbanks Smith & Thomas Asset Mngmt Limited Co has 0.02% invested in McGrath RentCorp (NASDAQ:MGRC). 131,335 are held by Kennedy Mgmt. Stone Ridge Asset Mngmt Lc reported 13,545 shares or 0.04% of all its holdings. Metropolitan Life New York reported 7,687 shares. Weik owns 8,700 shares for 0.19% of their portfolio. American Century Companies owns 0% invested in McGrath RentCorp (NASDAQ:MGRC) for 82,132 shares. Public Employees Retirement Systems Of Ohio reported 11,773 shares or 0% of all its holdings. Tower Capital Limited Liability Company (Trc) reported 0.01% stake. Teton Advisors invested in 0.2% or 46,200 shares. Us Bancorporation De holds 9,426 shares. Int Grp Inc, New York-based fund reported 15,786 shares. 48,426 were reported by Bogle Invest Management Limited Partnership De.

Since January 1, 0001, it had 5 insider purchases, and 2 insider sales for $82,725 activity.

The stock decreased 3.02% or $1.2 during the last trading session, reaching $38.6. About 345,954 shares traded. California Water Service Group (CWT) has risen 6.05% since April 29, 2017 and is uptrending. It has underperformed by 5.50% the S&P500.

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. The company has market cap of $1.86 billion. The firm engages in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. It has a 27.59 P/E ratio. It offers its services to approximately 482,400 clients in 100 California communities; approximately 4,400 water and wastewater clients on the islands of Maui and Hawaii; approximately 16,700 clients in the Tacoma and Olympia areas in Washington; and approximately 8,000 water and wastewater clients in the Belen, Los Lunas, and Elephant Butte areas in New Mexico.

California Water Service Group (NYSE:CWT) Institutional Positions Chart