McGrath RentCorp (MGRC)

• Market cap: $2.77B
• 1 day: 0.60%
• 5 days: -4.82%
• 1 month: -4.51%
• 3 months: 13.44%
• 6 months: 6.00%
• Year to date: -3.26%
• 1 year: -2.75%
• 5 years: 45.17%
• 10 years: 213.53%
• Sector: Industrials
• Industry: Equipment Rental & Leasing

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 Q3 regulatory filings by fund managers ($100M+ AUM)

72% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 32

11% more funds holding

Funds holding: 206 [Q2] → 229 (+23) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]

3% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 72

5% less capital invested

Capital invested by funds: $2.34B [Q2] → $2.23B (-$111M) [Q3]

3.4% less ownership

Funds ownership: 89.53% [Q2] → 86.13% (-3.4%) [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 23% upside
• Avg. target: $146 29% upside
• High target: $152 35% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

CJS Securities Daniel Moore 0% 1-year accuracy 0 / 1 met price target	35% upside $152	Market Outperform Assumed	11 Dec 2024
Oppenheimer Scott Schneeberger 44% 1-year accuracy 16 / 36 met price target	23% upside $139	Outperform Maintained	22 Nov 2024