McGrath RentCorp (MGRC)

NASDAQ: MGRC · IEX Real-Time Price · USD
104.61
-0.26 (-0.25%)
Jun 14, 2024, 4:00 PM EDT - Market closed
-0.25%
Market Cap 2.57B
Revenue (ttm) 855.95M
Net Income (ttm) 125.81M
Shares Out 24.55M
EPS (ttm) 5.14
PE Ratio 20.28
Forward PE 18.50
Dividend $1.90 (1.82%)
Ex-Dividend Date Jul 17, 2024
Volume 161,526
Open 103.72
Previous Close 104.87
Day's Range 103.00 - 104.68
52-Week Range 88.63 - 130.86
Beta 0.79
Analysts Buy
Price Target 116.00 (+10.89%)
Earnings Date Jul 25, 2024

About 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, and electronic test equipment. The company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex. 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 clin... [Read more]

Sector Industrials
Founded 1979
Employees 1,204
Stock Exchange NASDAQ
Ticker Symbol MGRC
Full Company Profile

Financial Performance

In 2023, MGRC's revenue was $831.84 million, an increase of 30.86% compared to the previous year's $635.67 million. Earnings were $174.62 million, an increase of 51.66%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for MGRC stock is "Buy" and the 12-month stock price forecast is $116.0.

Price Target
$116.0
(10.89% upside)
Analyst Consensus: Buy
Stock Forecasts

News

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MGRC, SLCA on Behalf of Shareholders

NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breac...

Other symbols: SLCA
3 days ago - GlobeNewsWire

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates DO, MGRC on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / June 11, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breac...

Other symbols: DO
3 days ago - Accesswire

URGENT STOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger

NEW YORK , June 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securiti...

3 days ago - PRNewsWire

McGrath Sets Date for Special Meeting of Shareholders to Vote on Acquisition by WillScot Mobile Mini

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company, today announced that it will hold a special meeting of ...

Other symbols: WSC
3 days ago - Business Wire

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...

9 days ago - Business Wire

MCGRATH RENTCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of McGrath RentCorp - MGRC

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of McGrath RentCorp...

Other symbols: WSC
4 weeks ago - Business Wire

McGrath Announces Results for First Quarter 2024

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues from co...

7 weeks ago - Business Wire

McGrath Sets First Quarter 2024 Financial Results Date and Time

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release finan...

2 months ago - Business Wire

McGrath Announces Results for Fourth Quarter 2023 and Announces 33rd Annual Dividend Increase

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues from co...

4 months ago - Business Wire

McGrath Sets Fourth Quarter 2023 Financial Results Date and Time

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company, today announced plans to release financial results for ...

4 months ago - Business Wire

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of McGrath RentCorp

NEW YORK , Jan. 29, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by McGrath RentCorp (NASDAQ: MGRC) and its board of directors concerning the proposed acqu...

Other symbols: WSC
4 months ago - PRNewsWire

Shareholder Alert: Ademi LLP investigates whether McGrath RentCorp has obtained a Fair Price in its transaction with WillScot Mobile Mini

MILWAUKEE , Jan. 29, 2024 /PRNewswire/ -- Ademi LLP is investigating McGrath (Nasdaq: MGRC) for possible breaches of fiduciary duty and other violations of law in its transaction with WillScot Mobile ...

4 months ago - PRNewsWire

McGrath RentCorp Stock Jumps on Deal to Be Bought for $3.8 Billion by WillScot Mobile

WillScot Mobile's acquisition of McGrath RentCorp is a 10.1% premium to McGrath's closing price on Friday.

Other symbols: WSC
4 months ago - Barrons

MGRC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of McGrath RentCorp Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of McGrath RentCorp (NASDAQ: MGRC) to WillScot Mobile Mini Holdings Corp. for $123.00 in cas...

4 months ago - Business Wire

McGrath to Present at the Oppenheimer Midwest Industrial Summit 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 ...

6 months ago - Business Wire

McGrath to Present at the Wolfe Research 1st Annual 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 ...

7 months ago - Business Wire

McGrath to Present at the Baird 2023 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 ...

8 months ago - Business Wire

McGrath Announces Results for Third Quarter 2023

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues from co...

8 months ago - Business Wire

McGrath Sets Third Quarter 2023 Financial Results Date and Time

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release finan...

9 months ago - Business Wire

Q4 Big Ideas: Katrina Dudley's makes the bull case for McGrath RentCorp

Katrina Dudley, Investment Strategist at Franklin Mutual Advisers, discusses her best stock idea going into the fourth quarter.

9 months ago - CNBC Television

McGrath to Participate in the Sidoti & Company, LLC September Small-Cap Virtual Investor 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 Keith Pratt, EVP ...

9 months ago - Business Wire

McGrath Announces Results for Second Quarter 2023

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues from co...

11 months ago - Business Wire

McGrath Acquires Colorado-Based Container Rental Company

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced it has acquired the as...

1 year ago - Business Wire

McGrath Sets Second Quarter 2023 Financial Results Date and Time

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release finan...

1 year ago - Business Wire

McGrath to Present at the UBS Global Industrials and Transportation 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 ...

1 year ago - Business Wire