MGRC RSI Chart
Last 7 days
1.7%
Last 30 days
-5.5%
Last 90 days
2.6%
Trailing 12 Months
24.2%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 674.3M | 724.0M | 793.2M | 831.8M |
2022 | 538.4M | 545.4M | 546.4M | 635.7M |
2021 | 564.3M | 573.1M | 589.9M | 534.6M |
2020 | 577.7M | 587.9M | 570.8M | 572.6M |
2019 | 515.3M | 525.7M | 556.1M | 570.2M |
2018 | 472.3M | 479.7M | 487.4M | 498.3M |
2017 | 425.2M | 431.7M | 445.1M | 462.0M |
2016 | 408.1M | 415.1M | 424.1M | 424.1M |
2015 | 410.8M | 411.0M | 411.1M | 404.5M |
2014 | 378.3M | 386.9M | 391.1M | 408.1M |
2013 | 373.9M | 377.3M | 386.7M | 379.5M |
2012 | 348.6M | 352.9M | 347.3M | 364.1M |
2011 | 302.6M | 315.6M | 337.4M | 342.7M |
2010 | 0 | 281.0M | 286.2M | 291.4M |
2009 | 0 | 0 | 0 | 275.8M |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
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 |
Which funds bought or sold MGRC recently?
View All DetailsDatesorted ascending | Fund Name | Type | % 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 | -% |
Unveiling McGrath RentCorp's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
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>
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.
Peers (Alternatives to McGrath RentCorp)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
ADP | 102.0B | 18.6B | 28.67 | 5.49 | ||||
CTAS | 69.5B | 9.2B | 48.55 | 7.56 | ||||
CPRT | 55.0B | 4.1B | 53.75 | 13.56 | ||||
EFX | 32.5B | 5.3B | 59.65 | 6.18 | ||||
BAH | 19.2B | 10.3B | 46.98 | 1.86 | ||||
ALLE | 11.7B | 3.7B | 21.74 | 3.22 | ||||
MID-CAP | ||||||||
RHI | 8.2B | 6.4B | 20.01 | 1.29 | ||||
AL | 5.6B | 2.7B | 9.17 | 2.1 | ||||
SRCL | 4.9B | 2.7B | -230.77 | 1.85 | ||||
ABM | 2.8B | 8.2B | 10.92 | 0.34 | ||||
SMALL-CAP | ||||||||
AZZ | 1.9B | 1.5B | 85.97 | 1.28 | ||||
ALTG | 422.9M | 1.9B | 47.51 | 0.23 | ||||
ARC | 116.8M | 281.2M | 14.18 | 0.42 | ||||
AQMS | 56.1M | 998.5K | -3.14 | 56.15 | ||||
AWX | 8.7M | 80.5M | -4.89 | 0.11 |
McGrath RentCorp News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Revenue | -9.0% | 222 | 244 | 203 | 164 | 183 | 174 | 153 | 125 | 94.00 | 173 | 146 | 121 | 149 | 156 | 138 | 129 | 147 | 174 | 127 | 122 | 133 |
Cost Of Revenue | -15.5% | 111 | 132 | 108 | 86.00 | 95.00 | 98.00 | 86.00 | 67.00 | 45.00 | 97.00 | 81.00 | 64.00 | 78.00 | 88.00 | 74.00 | 68.00 | 76.00 | 95.00 | 68.00 | 65.00 | 68.00 |
Gross Profit | -1.3% | 110 | 112 | 95.00 | 77.00 | 88.00 | 77.00 | 67.00 | 58.00 | 49.00 | 76.00 | 66.00 | 57.00 | 71.00 | 68.00 | 63.00 | 62.00 | 71.00 | 78.00 | 60.00 | 57.00 | 65.00 |
S&GA Expenses | 12.4% | 55.00 | 49.00 | 47.00 | 57.00 | 40.00 | 37.00 | 34.00 | 33.00 | 14.00 | 40.00 | 36.00 | 33.00 | 30.00 | 31.00 | 31.00 | 32.00 | 33.00 | 32.00 | 31.00 | 30.00 | 30.00 |
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 Expenses | 10.0% | 12.00 | 11.00 | 10.00 | 7.00 | 4.00 | 3.00 | 2.00 | 2.00 | 1.00 | 3.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
Income Taxes | -22.9% | 12.00 | 15.00 | 10.00 | 1.00 | 10.00 | 9.00 | 7.00 | 5.00 | 10.00 | 9.00 | 7.00 | 5.00 | 8.00 | 7.00 | 8.00 | 6.00 | 9.00 | 11.00 | 6.00 | 6.00 | 8.00 |
Earnings Before Taxes | -21.3% | 44.00 | 56.00 | 38.00 | 13.00 | 45.00 | 36.00 | 31.00 | 23.00 | 34.00 | 33.00 | 27.00 | 22.00 | 39.00 | 35.00 | 31.00 | 27.00 | 35.00 | 43.00 | 26.00 | 24.00 | 32.00 |
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% | 32.00 | 40.00 | 31.00 | 72.00 | 40.00 | 31.00 | 26.00 | 19.00 | 28.00 | 23.00 | 21.00 | 17.00 | 31.00 | 28.00 | 23.00 | 17.00 | 26.00 | 32.00 | 19.00 | 18.00 | 24.00 |
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% | -51.10 | 42.00 | 31.00 | 29.00 | 54.00 | 47.00 | 29.00 | 46.00 | 58.00 | 40.00 | 59.00 | 37.00 | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Assets | 3.8% | 2,217 | 2,137 | 2,109 | 2,062 | 1,708 | 1,678 | 1,645 | 1,603 | 1,596 | 1,610 | 1,596 | 1,272 | 1,276 | 1,295 | 1,312 | 1,314 | 1,310 | 1,306 | 1,280 | 1,240 | 1,217 |
Cash Equivalents | -54.9% | 1.00 | 2.00 | 2.00 | 1.00 | 1.00 | 2.00 | 1.00 | 2.00 | 1.00 | 2.00 | 2.00 | 2.00 | 1.00 | 2.00 | 1.00 | 0.00 | 2.00 | 2.00 | 1.00 | 1.00 | 2.00 |
Net PPE | - | - | - | - | - | - | - | - | - | - | - | 139 | 135 | 136 | 134 | 134 | 132 | 131 | 128 | 127 | 128 | 127 |
Goodwill | -0.2% | 323 | 324 | 325 | 2.00 | 106 | 132 | 132 | 132 | 132 | 132 | 132 | 2.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | - |
Liabilities | 4.7% | 1,283 | 1,225 | 1,229 | 1,202 | 904 | 905 | 893 | 865 | 864 | 898 | 898 | 585 | 593 | 634 | 669 | 677 | 676 | 690 | 688 | 659 | 646 |
Shareholder's Equity | 2.5% | 934 | 911 | 881 | 860 | 804 | 773 | 752 | 738 | 732 | 712 | 698 | 688 | 683 | 662 | 644 | 688 | 634 | 617 | 592 | 581 | 572 |
Retained Earnings | 2.6% | 823 | 802 | 773 | 754 | 694 | 666 | 646 | 631 | 623 | 606 | 593 | 583 | 576 | 556 | 538 | 531 | 528 | 511 | 487 | 477 | 468 |
Shares Outstanding | 0.0% | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | - | - | - | - | - | - | - | - | - |
Float | - | - | - | 2,264,372 | - | - | - | - | - | - | - | 1,959 | - | - | - | 1,826,964 | - | - | - | 1,493 | - | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Cashflow From Operations | -149.7% | -23,560 | 47,452 | 35,740 | 35,711 | 61,134 | 51,255 | 30,300 | 51,743 | 59,456 | 38,305 | 60,373 | 37,609 | 48,967 | 34,015 | 51,840 | 45,682 | 51,125 | 44,882 | 45,481 | 46,506 | 45,827 |
Share Based Compensation | 58.8% | 3,002 | 1,891 | 1,889 | 1,493 | 2,894 | 1,694 | 1,652 | 1,760 | 2,364 | 1,705 | 1,820 | 1,777 | 655 | 1,670 | 1,501 | 1,723 | 1,796 | 1,350 | 1,354 | 1,392 | 1,290 |
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 | -11,538 | 1,073 | -14,322 | -28,214 | -32,499 | -34,263 | -48,730 | -27,652 | -29,837 |
Cashflow From Financing | 605.6% | 82,812 | -16,379 | 2,456 | 227,547 | -17,105 | -33,217 | 3,882 | -17,093 | -44,074 | -23,790 | 252,033 | -27,967 | -37,802 | -33,994 | -37,143 | -19,512 | -18,617 | -9,808 | 3,315 | -18,906 | -18,918 |
Dividend Payments | 0.0% | 11,388 | 11,386 | 11,382 | 11,400 | 11,094 | 11,092 | 11,077 | 11,006 | 10,547 | 10,546 | 10,535 | 10,554 | 10,127 | 10,116 | 10,157 | 9,369 | 9,107 | 9,095 | 9,089 | 8,248 | 8,220 |
Buy Backs | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 117 | 5,648 | 7,852 | - | - | - | - | - |
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 services | 138,160 | 94,963 | 75,210 |
Rental operations | 612,496 | 484,626 | 409,198 |
Total revenues | 831,842 | 635,665 | 534,591 |
Direct costs of rental operations: | |||
Depreciation of rental equipment | 88,912 | 80,425 | 75,445 |
Rental related services | 96,628 | 68,846 | 55,722 |
Other | 114,942 | 104,358 | 79,577 |
Total direct costs of rental operations | 300,482 | 253,629 | 210,744 |
Costs of sales | 137,727 | 91,828 | 76,525 |
Total costs of revenues | 438,209 | 345,457 | 287,269 |
Gross profit | 393,633 | 290,208 | 247,322 |
Selling and administrative expenses | (207,539) | (142,914) | (123,058) |
Other income | 3,618 | ||
Income from operations | 189,712 | 147,294 | 124,264 |
Interest expense | (40,560) | (12,230) | (8,244) |
Foreign currency exchange gain (loss) | 310 | (378) | (210) |
Income from continuing operations before provision for income taxes | 149,462 | 134,686 | 115,810 |
Provision for income taxes from continuing operations | 37,610 | 31,377 | 30,725 |
Income from continuing operations | 111,852 | 103,309 | 85,085 |
Discontinued operations: | |||
Income from discontinued operations before provision for income taxes | 1,709 | 15,334 | 5,946 |
Provision for income taxes from discontinued operations | 453 | 3,505 | 1,326 |
Gain on sale of discontinued operations, net of tax | 61,513 | ||
Income from discontinued operations | 62,769 | 11,829 | 4,620 |
Net income | $ 174,621 | $ 115,138 | $ 89,705 |
Earnings per share from continuing operations: | |||
Basic | $ 4.57 | $ 4.24 | $ 3.51 |
Diluted | 4.56 | 4.21 | 3.47 |
Earnings per share from discontinued operations: | |||
Basic | 2.57 | 0.49 | 0.19 |
Diluted | 2.56 | 0.48 | 0.19 |
Earnings per share: | |||
Basic | 7.14 | 4.73 | 3.7 |
Diluted | $ 7.12 | $ 4.7 | $ 3.66 |
Shares used in per share calculation: | |||
Basic | 24,469 | 24,353 | 24,220 |
Diluted | 24,529 | 24,519 | 24,515 |
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 |
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, 2022 | 227,368 | 169,937 |
Rental equipment, at cost: | ||
Relocatable modular buildings | 1,291,093 | 938,081 |
Portable storage containers | 236,123 | 185,187 |
Electronic test equipment | 377,587 | 398,267 |
Rental equipment, gross | 1,904,803 | 1,521,535 |
Less: accumulated depreciation | (575,480) | (531,218) |
Rental equipment, net | 1,329,323 | 990,317 |
Property, plant and equipment, net | 169,114 | 138,713 |
Prepaid expenses and other assets | 102,789 | 69,837 |
Intangible assets, net | 64,588 | 35,431 |
Goodwill | 323,224 | 106,403 |
Assets of discontinued operations | 196,249 | |
Total assets | 2,217,283 | 1,707,844 |
Liabilities: | ||
Notes payable | 762,975 | 413,742 |
Accounts payable and accrued liabilities | 167,523 | 151,208 |
Deferred income | 111,428 | 82,417 |
Deferred income taxes, net | 241,555 | 203,361 |
Liabilities of discontinued operations | 53,171 | |
Total liabilities | 1,283,481 | 903,899 |
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, 2022 | 111,122 | 110,080 |
Retained earnings | 822,796 | 693,943 |
Accumulated other comprehensive loss | (116) | (78) |
Total shareholders’ equity | 933,802 | 803,945 |
Total liabilities and shareholders’ equity | $ 2,217,283 | $ 1,707,844 |
 | Mr. Joseph F. Hanna |
---|---|
 | www.mgrc.com |
 | 1218 |