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EdgarHawk

PRATT KEITH E

Executive VP and CFO

Officer
3 filings analyzed · 1 company · Latest 2025-07-31

Companies

Company Buys Sells Direction
MCGRATH RENTCORP MGRC 0 6 Net selling

Activity

July 2025
2025-07-31 MCGRATH RENTCORP MGRC
medium
Sell
10,000 shares
$1,261,058
Significance 5/10

MGRC CFO Pratt sells 10,000 shares in 3 trades over 2 days for $1,261,057.86 (avg $126.11); retains 51.8K shares post-transaction.

Keith Pratt, Executive VP and CFO of McGrath RentCorp, executed 3 separate sales totaling 10,000 shares for $1,261,057.86, reducing his holdings from 61,767 shares to 51,767 shares (-16.2%). The sales occurred across July 29–30, 2025, at prices ($125.61, $126.23, and $127.17) that cluster near the 52-week high of $128.96, with the current price at $124.79. At the same-ticker level, his prior 2 measurable sales (October 2024) posted 90-day returns of +7.1% and +6.5%, indicating that post-sale, MGRC stock subsequently rose rather than fell, making those prior sales poorly timed from a hold perspective. The company's fundamentals remain solid: revenue of $235,616,000.00, net income of $35,973,000.00, annual revenue growth of +9.5%, and a P/E of 12.16. This sale represents a substantial reduction in a material position and follows a pattern of outbound activity at this ticker, warranting scrutiny of whether this reflects specific corporate considerations or broader market conditions.

May 2025
2025-05-20 MCGRATH RENTCORP MGRC
low
Sell
5,000 shares
$576,098
Significance 4/10

CFO Keith Pratt sells 5,000 MGRC shares at $115.22; remains heavy holder with 61,767 shares post-sale

CFO Keith Pratt sold 5,000 shares (5.0K shares) of McGrath RentCorp at $115.22 on 2025-05-19, reducing his holdings by 7.5% to 61,767 shares (61.8K shares). The transaction occurs near the stock's 52-week peak of $128.96, with the sale price representing a -9.6% markdown from that high, and the current price of $116.58 suggesting modest downward price action post-sale. His cross-ticker sell track record shows an average 90-day return of +6.8% following prior sales, indicating those exits preceded stock gains rather than declines—a poorly-timed pattern. At his same ticker (MGRC), his 2 prior sells in October 2024 also showed positive 90-day returns (+7.1% and +6.5%), confirming no pattern of well-timed exits at this name. The company's fundamentals remain solid: $195.4M quarterly revenue, +9.5% annual growth, $28.2M net income, and a 12.11 P/E ratio. With substantial remaining holdings post-sale, the transaction reflects only a partial reduction rather than a material conviction shift.

October 2024
2024-10-30 MCGRATH RENTCORP MGRC
low
Sell
5,000 shares
$572,558
Significance 5/10

MGRC CFO Keith Pratt sold 5,000 shares (51.9K remaining) for $572,557.65; stock up 11.4% in 30 days

Keith Pratt, Executive VP and CFO, executed 2 separate sales totaling 5,000 shares for $572,557.65 at an average price of $114.51, reducing holdings to 51.9K shares. The sales occurred while MGRC stock is near recent highs (current price $117.28, 30-day gain +11.4%, 90-day gain +9.8%), suggesting the insider sold into strength. The company shows solid fundamentals with $266.8M in latest quarterly revenue, $149.3M net income, 13.4% annual revenue growth, and a moderate P/E of 12.80. This is a modest reduction of 8.8% from pre-transaction holdings, not a dramatic portfolio shift. The transaction provides no clear signal of management's conviction either way given the lack of timing context or trading history.

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