McGrath RentCorpMGRC
About: McGrath RentCorp is a rental company. It is comprised of four reportable business segments: Modular building and portable storage segment (Mobile Modular), Electronic test equipment segment (TRS-RenTelco), Containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks) and Classroom manufacturing division selling modular classrooms in California (Enviroplex). The company generates its revenues majorily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.
Employees: 1,204
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
43% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 61
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
2.64% less ownership
Funds ownership: 90.57% [Q1] → 87.93% (-2.64%) [Q2]
5% less funds holding
Funds holding: 216 [Q1] → 206 (-10) [Q2]
16% less capital invested
Capital invested by funds: $2.74B [Q1] → $2.3B (-$438M) [Q2]
29% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 35
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $812K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Oppenheimer Scott Schneeberger 30% 1-year accuracy 7 / 23 met price target | 11%upside $120 | Outperform Reinstated | 25 Sept 2024 |
Financial journalist opinion
Based on 4 articles about MGRC published over the past 30 days