McGrath RentCorp (MGRC) EPS Estimated At $0.38; International Value Advisers Has Lowered Bank Of America (BAC) Position

July 17, 2017 - By Kurt Siggers

Analysts expect McGrath RentCorp (NASDAQ:MGRC) to report $0.38 EPS on August, 2 after the close.They anticipate $0.00 EPS change or 0.00% from last quarter’s $0.38 EPS. MGRC’s profit would be $9.09M giving it 22.24 P/E if the $0.38 EPS is correct. After having $0.33 EPS previously, McGrath RentCorp’s analysts see 15.15% EPS growth. About 23,335 shares traded. McGrath RentCorp (NASDAQ:MGRC) has risen 25.54% since July 17, 2016 and is uptrending. It has outperformed by 8.84% the S&P500.

International Value Advisers Llc decreased Bank Of America Corp (BAC) stake by 20% reported in 2016Q4 SEC filing. International Value Advisers Llc sold 1.97M shares as Bank Of America Corp (BAC)’s stock declined 6.00%. The International Value Advisers Llc holds 7.88M shares with $174.07M value, down from 9.84M last quarter. Bank Of America Corp now has $235.31B valuation. The stock declined 0.72% or $0.17 reaching $24.05 per share. About 43.81M shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since July 17, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Analysts await Bank of America Corp (NYSE:BAC) to report earnings on July, 18 before the open. They expect $0.43 EPS, up 19.44% or $0.07 from last year’s $0.36 per share. BAC’s profit will be $4.21B for 13.98 P/E if the $0.43 EPS becomes a reality. After $0.41 actual EPS reported by Bank of America Corp for the previous quarter, Wall Street now forecasts 4.88% EPS growth.

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.09, from 1.01 in 2016Q3. It is positive, as 62 investors sold BAC shares while 560 reduced holdings. 207 funds opened positions while 479 raised stakes. 6.48 billion shares or 6.26% more from 6.10 billion shares in 2016Q3 were reported. Hbk Sorce Advisory Ltd Liability Com owns 61,147 shares for 0.24% of their portfolio. 354,220 are held by Eagle Ridge Mgmt. Duncker Streett & Com, a Missouri-based fund reported 108,142 shares. Stearns Finance Services Grp Inc holds 41,593 shares. South State accumulated 316,451 shares or 1% of the stock. Fjarde Ap has 1.14% invested in Bank of America Corp (NYSE:BAC). Brookstone Cap Mgmt stated it has 0.14% in Bank of America Corp (NYSE:BAC). Raymond James Services Advisors invested in 0.23% or 1.24M shares. Utd Asset Strategies holds 0.18% or 25,418 shares. 92,570 are held by Beach Mgmt Limited Liability Co. Capstone Asset Management Company accumulated 1.14M shares. South Dakota Investment Council invested in 1.28% or 2.73M shares. Nbt Bancorporation N A Ny invested in 30,696 shares or 0.12% of the stock. Commerce Bancshares reported 357,195 shares or 0.12% of all its holdings. Cornerstone Advisors has 0.48% invested in Bank of America Corp (NYSE:BAC) for 118,300 shares.

Among 28 analysts covering Bank of America (NYSE:BAC), 18 have Buy rating, 0 Sell and 10 Hold. Therefore 64% are positive. Bank of America had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, January 20 by Sandler O’Neill. The rating was downgraded by Guggenheim on Tuesday, November 15 to “Neutral”. The stock has “Buy” rating by Deutsche Bank on Wednesday, August 12. On Monday, August 24 the stock rating was upgraded by Bruyette & Woods” to “Mkt Perform”. Oppenheimer maintained it with “Outperform” rating and $19 target in Tuesday, October 6 report. The rating was upgraded by Macquarie Research to “Underperform” on Tuesday, August 25. On Friday, April 7 the stock rating was maintained by Wood with “Outperform”. The rating was upgraded by Macquarie Research on Thursday, February 16 to “Outperform”. On Tuesday, November 29 the stock rating was upgraded by Keefe Bruyette & Woods to “Outperform”. The rating was upgraded by CLSA to “Outperform” on Friday, January 29.

Since May 8, 2017, it had 0 insider buys, and 4 selling transactions for $442,115 activity. 1,500 shares valued at $54,000 were sold by Hawkins Philip B on Wednesday, May 10. 2,000 shares valued at $72,050 were sold by FETTER ELIZABETH A on Monday, May 15. HANNA JOSEPH F sold $207,313 worth of McGrath RentCorp (NASDAQ:MGRC) on Monday, May 8. 3,000 shares were sold by STRADFORD DENNIS P, worth $108,752 on Wednesday, May 10.

Investors sentiment increased to 1.73 in Q4 2016. Its up 0.10, from 1.63 in 2016Q3. It increased, as 8 investors sold McGrath RentCorp shares while 33 reduced holdings. 22 funds opened positions while 49 raised stakes. 18.91 million shares or 2.03% more from 18.53 million shares in 2016Q3 were reported. Amer Intll Grp stated it has 0% in McGrath RentCorp (NASDAQ:MGRC). Pub Employees Retirement Association Of Colorado has invested 0% of its portfolio in McGrath RentCorp (NASDAQ:MGRC). Moreover, Barclays Public Limited Company has 0% invested in McGrath RentCorp (NASDAQ:MGRC). The Massachusetts-based Panagora Asset Management Inc has invested 0% in McGrath RentCorp (NASDAQ:MGRC). 37,436 were reported by Prudential Financial. Moreover, Matarin Cap Mgmt Limited Liability Company has 0% invested in McGrath RentCorp (NASDAQ:MGRC) for 111,976 shares. Kennedy Capital Management invested in 0.03% or 42,101 shares. Gsa Capital Prtn Llp accumulated 11,016 shares. Lsv Asset Mgmt holds 0.01% or 124,044 shares in its portfolio. Aqr Capital Mgmt Ltd Com stated it has 0% in McGrath RentCorp (NASDAQ:MGRC). Old Mutual Glob Invsts (Uk) holds 0% or 378 shares in its portfolio. Gabelli Funds Ltd Liability Corp owns 94,000 shares. Mckinley Capital Mngmt Ltd Co Delaware accumulated 7,639 shares. Geode Llc, Massachusetts-based fund reported 184,384 shares. Citigroup accumulated 0% or 36,326 shares.

Among 2 analysts covering McGrath RentCorp (NASDAQ:MGRC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. McGrath RentCorp had 3 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 company was downgraded on Wednesday, November 4 by KeyBanc Capital Markets.

McGrath RentCorp is a diversified business-to-business rental company. The company has market cap of $808.91 million. The Firm operates through four business divisions: modular building and portable storage segment ; electronic test equipment segment (TRS-RenTelco); a subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and a subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex). It has a 20.51 P/E ratio. The Mobile Modular business segment includes Mobile Modular Portable Storage division.

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