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MGRC

MGRC - McGrath RentCorp Stock Price, Fair Value and News

122.76USD+0.37 (+0.30%)Delayed as of 28 Mar 2024, 11:56 am ET

Market Summary

MGRC
USD122.76+0.37
Delayedas of 28 Mar 2024, 11:56 am
0.30%

MGRC Stock Price

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MGRC RSI Chart

MGRC Valuation

Market Cap

3.0B

Price/Earnings (Trailing)

17.17

Price/Sales (Trailing)

3.6

EV/EBITDA

10.01

Price/Free Cashflow

58.38

MGRC Price/Sales (Trailing)

MGRC Profitability

Operating Margin

47.32%

EBT Margin

17.97%

Return on Equity

18.7%

Return on Assets

7.88%

Free Cashflow Yield

1.71%

MGRC Fundamentals

MGRC Revenue

Revenue (TTM)

831.8M

Rev. Growth (Yr)

21.15%

Rev. Growth (Qtr)

-9%

MGRC Earnings

Earnings (TTM)

174.6M

Earnings Growth (Yr)

-19.24%

Earnings Growth (Qtr)

-20.69%

Breaking Down MGRC Revenue

52 Week Range

85.63122.89
(Low)(High)

Last 7 days

1.7%

Last 30 days

-5.5%

Last 90 days

2.6%

Trailing 12 Months

24.2%

How does MGRC drawdown profile look like?

MGRC Financial Health

MGRC Investor Care

Dividend Yield

1.52%

Dividend/Share (TTM)

1.86

Shares Dilution (1Y)

0.43%

Diluted EPS (TTM)

7.13

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023674.3M724.0M793.2M831.8M
2022538.4M545.4M546.4M635.7M
2021564.3M573.1M589.9M534.6M
2020577.7M587.9M570.8M572.6M
2019515.3M525.7M556.1M570.2M
2018472.3M479.7M487.4M498.3M
2017425.2M431.7M445.1M462.0M
2016408.1M415.1M424.1M424.1M
2015410.8M411.0M411.1M404.5M
2014378.3M386.9M391.1M408.1M
2013373.9M377.3M386.7M379.5M
2012348.6M352.9M347.3M364.1M
2011302.6M315.6M337.4M342.7M
20100281.0M286.2M291.4M
2009000275.8M

Tracking the Latest Insider Buys and Sells of McGrath RentCorp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Feb 26, 2024
van trease kristina
sold (taxes)
-223,871
124
-1,796
chief strategy officer
Feb 26, 2024
whitney david m
acquired
-
-
3,086
vp, controller, pao
Feb 26, 2024
skenesky john p
acquired
-
-
2,619
vp and division manager
Feb 26, 2024
hanna joseph f
acquired
-
-
24,680
president and ceo
Feb 26, 2024
lieffrig john
acquired
-
-
3,863
vp and division manager
Feb 26, 2024
whitney david m
acquired
-
-
3,357
vp, controller, pao
Feb 26, 2024
hawkins philip b
sold (taxes)
-189,593
124
-1,521
senior vp mobile modular div
Feb 26, 2024
hanna joseph f
sold (taxes)
-1,651,610
124
-13,250
president and ceo
Feb 26, 2024
whitney david m
sold (taxes)
-223,871
124
-1,796
vp, controller, pao
Feb 26, 2024
whitney david m
sold (taxes)
-205,922
124
-1,652
vp, controller, pao

1–10 of 50

Which funds bought or sold MGRC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
reduced
-53.73
-269,778
332,665
-%
Mar 11, 2024
VANGUARD GROUP INC
added
0.42
53,287,700
321,931,000
0.01%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
208
13,373,100
18,358,600
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-0.41
233,032
1,469,290
0.01%
Feb 28, 2024
EP Wealth Advisors, LLC
reduced
-1.45
38,983
260,413
-%
Feb 23, 2024
CIM, LLC
new
-
552,730
552,730
0.09%
Feb 21, 2024
Raleigh Capital Management Inc.
added
11.86
1,987
7,873
-%
Feb 16, 2024
GSA CAPITAL PARTNERS LLP
new
-
200,000
200,000
0.02%
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
reduced
-0.01
712,188
4,398,190
0.02%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
reduced
-11.22
1,848,000
32,955,000
-%

1–10 of 49

Are Funds Buying or Selling MGRC?

Are funds buying MGRC calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own MGRC
No. of Funds

Unveiling McGrath RentCorp's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
10.99%
2,691,278
SC 13G/A
Feb 09, 2024
dimensional fund advisors lp
4.8%
1,178,937
SC 13G/A
Jan 30, 2024
franklin mutual advisers llc
7.6%
1,866,600
SC 13G/A
Jan 25, 2024
blackrock inc.
8.7%
2,127,591
SC 13G/A
Feb 14, 2023
price t rowe associates inc /md/
1.5%
357,637
SC 13G/A
Feb 10, 2023
dimensional fund advisors lp
5.4%
1,319,542
SC 13G/A
Feb 09, 2023
vanguard group inc
10.77%
2,625,188
SC 13G/A
Feb 06, 2023
victory capital management inc
4.86%
1,185,018
SC 13G/A
Feb 03, 2023
blackrock inc.
8.3%
2,029,432
SC 13G/A
Jan 31, 2023
franklin mutual advisers llc
6.6%
1,613,652
SC 13G/A

Recent SEC filings of McGrath RentCorp

View All Filings
Date Filed Form Type Document
Feb 29, 2024
425
Prospectus Filed
Feb 28, 2024
4
Insider Trading
Feb 28, 2024
4
Insider Trading
Feb 28, 2024
4
Insider Trading
Feb 28, 2024
4
Insider Trading
Feb 28, 2024
4
Insider Trading
Feb 28, 2024
4
Insider Trading
Feb 28, 2024
4
Insider Trading
Feb 28, 2024
4
Insider Trading
Feb 27, 2024
4
Insider Trading

What is the Fair Value of MGRC?

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Cheap
or
Expensive?


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks

Peers (Alternatives to McGrath RentCorp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
102.0B
18.6B
-2.12% 16.13%
28.67
5.49
7.76% 13.08%
69.5B
9.2B
4.02% 46.48%
48.55
7.56
9.76% 11.34%
55.0B
4.1B
17.26% 64.69%
53.75
13.56
10.52% -5.36%
32.5B
5.3B
2.36% 30.96%
59.65
6.18
2.79% -21.68%
19.2B
10.3B
1.39% 59.92%
46.98
1.86
13.90% -5.05%
11.7B
3.7B
1.28% 29.81%
21.74
3.22
11.58% 17.98%
MID-CAP
8.2B
6.4B
-1.62% 1.86%
20.01
1.29
-11.68% -37.51%
5.6B
2.7B
17.58% 20.08%
9.17
2.1
15.87% 733.47%
4.9B
2.7B
5.43% 20.23%
-230.77
1.85
-1.68% -137.70%
2.8B
8.2B
7.64% -5.45%
10.92
0.34
3.98% 33.49%
SMALL-CAP
1.9B
1.5B
7.82% 80.51%
85.97
1.28
41.33% 169.51%
422.9M
1.9B
4.59% -35.00%
47.51
0.23
19.40% -4.30%
116.8M
281.2M
-1.48% -14.79%
14.18
0.42
-1.68% -25.77%
56.1M
998.5K
-15.79% -54.21%
-3.14
56.15
370.99% -10.61%
8.7M
80.5M
5.22% -16.77%
-4.89
0.11
-0.82% -207.79%

McGrath RentCorp News

Latest updates
Defense World • 34 hours ago
Defense World • 26 Mar 2024 • 08:29 am
MarketBeat • 26 Mar 2024 • 08:27 am
The Motley Fool • 29 Jan 2024 • 08:00 am

McGrath RentCorp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-9.0%22224420316418317415312594.00173146121149156138129147174127122133
Cost Of Revenue-15.5%11113210886.0095.0098.0086.0067.0045.0097.0081.0064.0078.0088.0074.0068.0076.0095.0068.0065.0068.00
Gross Profit-1.3%11011295.0077.0088.0077.0067.0058.0049.0076.0066.0057.0071.0068.0063.0062.0071.0078.0060.0057.0065.00
  S&GA Expenses12.4%55.0049.0047.0057.0040.0037.0034.0033.0014.0040.0036.0033.0030.0031.0031.0032.0033.0032.0031.0030.0030.00
EBITDA Margin-2.6%0.36*0.37*0.35*0.35*0.38*0.40*0.40*0.39*0.39*0.39*0.40*0.41*---------
Interest Expenses10.0%12.0011.0010.007.004.003.002.002.001.003.002.002.002.002.002.003.003.003.003.003.003.00
Income Taxes-22.9%12.0015.0010.001.0010.009.007.005.0010.009.007.005.008.007.008.006.009.0011.006.006.008.00
Earnings Before Taxes-21.3%44.0056.0038.0013.0045.0036.0031.0023.0034.0033.0027.0022.0039.0035.0031.0027.0035.0043.0026.0024.0032.00
EBT Margin-5.3%0.18*0.19*0.18*0.18*0.20*0.21*0.20*0.20*0.20*0.21*0.22*0.23*---------
Net Income-20.7%32.0040.0031.0072.0040.0031.0026.0019.0028.0023.0021.0017.0031.0028.0023.0017.0026.0032.0019.0018.0024.00
Net Income Margin-8.6%0.21*0.23*0.21*0.22*0.16*0.17*0.15*0.15*0.15*0.16*0.17*0.18*---------
Free Cashflow-221.0%-51.1042.0031.0029.0054.0047.0029.0046.0058.0040.0059.0037.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets3.8%2,2172,1372,1092,0621,7081,6781,6451,6031,5961,6101,5961,2721,2761,2951,3121,3141,3101,3061,2801,2401,217
    Cash Equivalents-54.9%1.002.002.001.001.002.001.002.001.002.002.002.001.002.001.000.002.002.001.001.002.00
  Net PPE-----------139135136134134132131128127128127
  Goodwill-0.2%3233243252.001061321321321321321322.0028.0028.0028.0028.0028.0028.0028.0028.00-
Liabilities4.7%1,2831,2251,2291,202904905893865864898898585593634669677676690688659646
Shareholder's Equity2.5%934911881860804773752738732712698688683662644688634617592581572
  Retained Earnings2.6%823802773754694666646631623606593583576556538531528511487477468
Shares Outstanding0.0%24.0024.0024.0024.0024.0024.0024.0024.0024.0024.0024.0024.00---------
Float---2,264,372-------1,959---1,826,964---1,493--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-149.7%-23,56047,45235,74035,71161,13451,25530,30051,74359,45638,30560,37337,60948,96734,01551,84045,68251,12544,88245,48146,50645,827
  Share Based Compensation58.8%3,0021,8911,8891,4932,8941,6941,6521,7602,3641,7051,8201,7776551,6701,5011,7231,7961,3501,3541,3921,290
Cashflow From Investing-92.5%-60,321-31,340-36,678-263,529-44,631-17,212-35,045-34,539-16,280-14,575-312,294-8,547-11,5381,073-14,322-28,214-32,499-34,263-48,730-27,652-29,837
Cashflow From Financing605.6%82,812-16,3792,456227,547-17,105-33,2173,882-17,093-44,074-23,790252,033-27,967-37,802-33,994-37,143-19,512-18,617-9,8083,315-18,906-18,918
  Dividend Payments0.0%11,38811,38611,38211,40011,09411,09211,07711,00610,54710,54610,53510,55410,12710,11610,1579,3699,1079,0959,0898,2488,220
  Buy Backs--------------1175,6487,852-----

MGRC Income Statement

2023-12-31
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues   
Rental$ 474,336$ 389,663$ 333,988
Rental related services138,16094,96375,210
Rental operations612,496484,626409,198
Total revenues831,842635,665534,591
Direct costs of rental operations:   
Depreciation of rental equipment88,91280,42575,445
Rental related services96,62868,84655,722
Other114,942104,35879,577
Total direct costs of rental operations300,482253,629210,744
Costs of sales137,72791,82876,525
Total costs of revenues438,209345,457287,269
Gross profit393,633290,208247,322
Selling and administrative expenses(207,539)(142,914)(123,058)
Other income3,618  
Income from operations189,712147,294124,264
Interest expense(40,560)(12,230)(8,244)
Foreign currency exchange gain (loss)310(378)(210)
Income from continuing operations before provision for income taxes149,462134,686115,810
Provision for income taxes from continuing operations37,61031,37730,725
Income from continuing operations111,852103,30985,085
Discontinued operations:   
Income from discontinued operations before provision for income taxes1,70915,3345,946
Provision for income taxes from discontinued operations4533,5051,326
Gain on sale of discontinued operations, net of tax61,513  
Income from discontinued operations62,76911,8294,620
Net income$ 174,621$ 115,138$ 89,705
Earnings per share from continuing operations:   
Basic$ 4.57$ 4.24$ 3.51
Diluted4.564.213.47
Earnings per share from discontinued operations:   
Basic2.570.490.19
Diluted2.560.480.19
Earnings per share:   
Basic7.144.733.7
Diluted$ 7.12$ 4.7$ 3.66
Shares used in per share calculation:   
Basic24,46924,35324,220
Diluted24,52924,51924,515
Cash dividends declared per share$ 1.86$ 1.82$ 1.74
Sales [Member]   
Revenues   
Revenues$ 207,165$ 147,720$ 122,305
Other [Member]   
Revenues   
Revenues$ 12,181$ 3,319$ 3,088

MGRC Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets  
Cash$ 877$ 957
Accounts receivable, net of allowance for credit losses of $2,801 at December 31, 2023 and $2,300 at December 31, 2022227,368169,937
Rental equipment, at cost:  
Relocatable modular buildings1,291,093938,081
Portable storage containers236,123185,187
Electronic test equipment377,587398,267
Rental equipment, gross1,904,8031,521,535
Less: accumulated depreciation(575,480)(531,218)
Rental equipment, net1,329,323990,317
Property, plant and equipment, net169,114138,713
Prepaid expenses and other assets102,78969,837
Intangible assets, net64,58835,431
Goodwill323,224106,403
Assets of discontinued operations 196,249
Total assets2,217,2831,707,844
Liabilities:  
Notes payable762,975413,742
Accounts payable and accrued liabilities167,523151,208
Deferred income111,42882,417
Deferred income taxes, net241,555203,361
Liabilities of discontinued operations 53,171
Total liabilities1,283,481903,899
Commitments and contingencies (Note 12)
Shareholders’ equity:  
Common stock, no par value - Authorized 40,000 shares Issued and outstanding - 24,496 shares as of December 31, 2023 and 24,388 shares as of December 31, 2022111,122110,080
Retained earnings822,796693,943
Accumulated other comprehensive loss(116)(78)
Total shareholders’ equity933,802803,945
Total liabilities and shareholders’ equity$ 2,217,283$ 1,707,844
MGRC
McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks and boxes. The company operates through Mobile Modular, TRS-RenTelco, and Enviroplex segments. The Mobile Modular segment rents and sells modular buildings designed for use as classrooms, temporary offices adjacent to existing facilities, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, office spaces, and various other purposes; and portable storage containers. The TRS-RenTelco segment rents and sells general purpose electronic test equipment, such as oscilloscopes, amplifiers, analyzers, signal source, and power source test equipment primarily to aerospace, defense, electronics, industrial, research, and semiconductor industries. It also provides communications test equipment, including network and transmission test equipment for various fiber, copper, and wireless networks to the manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians, and service providers. The Enviroplex segment manufactures and sells portable classrooms directly to public school districts and other educational institutions in California. The company was incorporated in 1979 and is based in Livermore, California.
 CEO
 WEBSITEwww.mgrc.com
 EMPLOYEES1218

McGrath RentCorp Frequently Asked Questions


What is the ticker symbol for McGrath RentCorp? What does MGRC stand for in stocks?

MGRC is the stock ticker symbol of McGrath RentCorp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of McGrath RentCorp (MGRC)?

As of Wed Mar 27 2024, market cap of McGrath RentCorp is 3 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MGRC stock?

You can check MGRC's fair value in chart for subscribers.

What is the fair value of MGRC stock?

You can check MGRC's fair value in chart for subscribers. The fair value of McGrath RentCorp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of McGrath RentCorp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MGRC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is McGrath RentCorp a good stock to buy?

The fair value guage provides a quick view whether MGRC is over valued or under valued. Whether McGrath RentCorp is cheap or expensive depends on the assumptions which impact McGrath RentCorp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MGRC.

What is McGrath RentCorp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Mar 27 2024, MGRC's PE ratio (Price to Earnings) is 17.17 and Price to Sales (PS) ratio is 3.6. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MGRC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on McGrath RentCorp's stock?

In the past 10 years, McGrath RentCorp has provided 0.162 (multiply by 100 for percentage) rate of return.