McGrath RentCorpMGRC
MGRC
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
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
90% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 29
12% more funds holding
Funds holding: 206 [Q2] → 230 (+24) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
4% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 73
4.93% less ownership
Funds ownership: 92.44% [Q2] → 87.51% (-4.93%) [Q3]
6% less capital invested
Capital invested by funds: $2.42B [Q2] → $2.26B (-$152M) [Q3]
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $1.27M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$139
18%
upside
Avg. target
$146
23%
upside
High target
$152
29%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
CJS Securities Daniel Moore 0% 1-year accuracy 0 / 1 met price target | 29%upside $152 | Market Outperform Assumed | 11 Dec 2024 |
Oppenheimer Scott Schneeberger 35% 1-year accuracy 12 / 34 met price target | 18%upside $139 | Outperform Maintained | 22 Nov 2024 |
Financial journalist opinion
Based on 3 articles about MGRC published over the past 30 days
Neutral
Business Wire
4 days ago
McGrath Appoints Philip B. Hawkins to Chief Operating Officer
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, a leading business-to-business rental company in North America, today announced the appointment of Philip B. Hawkins to Chief Operating Officer (COO). Joe Hanna, CEO stated, “I am very pleased to announce the promotion of Phil Hawkins to the position of Chief Operating Officer (COO). In this role, Phil will continue to oversee our Mobi.
Neutral
Business Wire
1 week ago
McGrath to Present at CJS Securities 25th Annual New Ideas for the New Year Conference
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP and Chief Financial Officer, will present at the CJS Securities 25th Annual New Ideas for the New Year Conference on Tuesday, January 14, 2025. The Company will be presenting at 1:35 p.m. ET. A simultaneous webcast and presentation slides will be available in.
Positive
Seeking Alpha
2 weeks ago
McGrath RentCorp: Modular Segment Should Lead Growth Ahead
McGrath RentCorp faces near-term softness due to weak demand but expects growth from the modular segment. Despite challenges in Portable Storage and TRS segments, disciplined cost management and strong pricing in Mobile Modular should drive margin expansion in FY24. Long-term prospects are promising due to infrastructure investments and market expansion, making the stock a decent buy at current levels.
Neutral
Business Wire
1 month ago
McGrath Declares Quarterly Dividend
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced the Board of Directors' declaration of a quarterly cash dividend of $0.475 per common share for the quarter ending December 31, 2024. The dividend will be payable on January 31, 2025 to all shareholders of record on January 17, 2025. The year 2025 marks 33 consecutive years that McGrath RentCorp has raised its dividend.
Neutral
Business Wire
1 month ago
McGrath to Participate in the Oppenheimer Midwest Virtual Summit
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP, and Chief Financial Officer, will participate in investor meetings at the Oppenheimer Midwest Virtual Summit on Wednesday, December 11, 2024. ABOUT MCGRATH: McGrath RentCorp (Nasdaq: MGRC) is a leading business-to-business rental company in North America wit.
Neutral
Business Wire
1 month ago
McGrath to Participate in the Wolfe Research Small and Mid-Cap Conference
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP, and Chief Financial Officer, will participate in investor meetings at the Wolfe Research Small and Mid-Cap Conference on Thursday, December 5, 2024. ABOUT MCGRATH: McGrath RentCorp (Nasdaq: MGRC) is a leading business-to-business rental company in North Amer.
Positive
Zacks Investment Research
1 month ago
McGrath (MGRC) Upgraded to Strong Buy: What Does It Mean for the Stock?
McGrath (MGRC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Neutral
Business Wire
2 months ago
McGrath to Present at the Baird 2024 Global Industrial Conference
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP, and Chief Financial Officer, are scheduled to present at the Baird 2024 Global Industrial Conference on Thursday, November 14, 2024. Conference presentations will not be available via webcast; however, Mr. Hanna and Mr. Pratt's presentation will be posted un.
Neutral
Seeking Alpha
2 months ago
McGrath RentCorp (MGRC) Q3 2024 Earnings Call Transcript
McGrath RentCorp (NASDAQ:MGRC ) Q3 2024 Earnings Conference Call October 24, 2024 5:00 PM ET Company Participants Joe Hanna - Chief Executive Officer Keith Pratt - Chief Financial Officer Conference Call Participants Scott Schneeberger - Oppenheimer Mark Riddick - Sidoti Operator Ladies and gentlemen, thank you for standing by. Welcome to the McGrath RentCorp's Third Quarter 2024 Earnings Call.
Positive
Zacks Investment Research
2 months ago
McGrath (MGRC) Q3 Earnings and Revenues Top Estimates
McGrath (MGRC) came out with quarterly earnings of $1.87 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.65 per share a year ago.
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