NASDAQ:MGRC McGrath RentCorp - MGRC Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding McGrath RentCorp Please log in to your account or sign up in order to add this asset to your watchlist. $91.86 -0.27 (-0.29%) (As of 03/29/2023 12:02 PM ET) Add Compare Share Share Today's Range$91.57▼$92.7150-Day Range$90.76▼$107.0052-Week Range$73.29▼$111.70Volume19,334 shsAverage Volume151,081 shsMarket Capitalization$2.24 billionP/E Ratio19.50Dividend Yield1.98%Price Target$120.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability McGrath RentCorp MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside31.2% Upside$120.50 Price TargetShort InterestHealthy1.22% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-1.92Upright™ Environmental ScoreNews Sentiment1.21Based on 3 Articles This WeekInsider TradingSelling Shares$1.05 M Sold Last QuarterProj. Earnings Growth1.74%From $4.60 to $4.68 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.23 out of 5 starsFinance Sector68th out of 892 stocksEquipment Rental & Leasing, Not Elsewhere Classified Industry1st out of 12 stocks 3.5 Analyst's Opinion Consensus RatingMcGrath RentCorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $120.50, McGrath RentCorp has a forecasted upside of 31.2% from its current price of $91.86.Amount of Analyst CoverageMcGrath RentCorp has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.22% of the float of McGrath RentCorp has been sold short.Short Interest Ratio / Days to CoverMcGrath RentCorp has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in McGrath RentCorp has recently decreased by 14.68%, indicating that investor sentiment is improving significantly. Previous Next 4.2 Dividend Strength Dividend YieldMcGrath RentCorp pays a meaningful dividend of 2.01%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMcGrath RentCorp has been increasing its dividend for 31 years.Dividend CoverageThe dividend payout ratio of McGrath RentCorp is 38.64%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, McGrath RentCorp will have a dividend payout ratio of 38.89% next year. This indicates that McGrath RentCorp will be able to sustain or increase its dividend. Previous Next 3.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMcGrath RentCorp has received a 26.46% net impact score from Upright. Mcgrath Rentcorp seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Temporary modular apartment buildings", "Rental of temporary modular commercial buildings", and "Temporary modular office buildings" products. See details.Environmental SustainabilityThe Environmental Impact score for McGrath RentCorp is -1.92. Previous Next 3.5 News and Social Media Coverage News SentimentMcGrath RentCorp has a news sentiment score of 1.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for McGrath RentCorp this week, compared to 1 article on an average week.Search Interest5 people have searched for MGRC on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added McGrath RentCorp to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, McGrath RentCorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,046,816.00 in company stock.Percentage Held by InsidersOnly 2.00% of the stock of McGrath RentCorp is held by insiders.Percentage Held by Institutions82.90% of the stock of McGrath RentCorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for McGrath RentCorp are expected to grow by 1.74% in the coming year, from $4.60 to $4.68 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of McGrath RentCorp is 19.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.84.Price to Earnings Ratio vs. SectorThe P/E ratio of McGrath RentCorp is 19.50, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 137.95.Price to Earnings Growth RatioMcGrath RentCorp has a PEG Ratio of 1.97. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMcGrath RentCorp has a P/B Ratio of 2.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About McGrath RentCorp (NASDAQ:MGRC) StockMcGrath RentCorp engages in the provision of business-to-business rental services. It operates through the following segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. The Mobile Modular segment is engaged in modular building and portable storage. The TRS-RenTelco segment includes operations for its electronic test equipment. The Adler Tanks segment includes containment solutions for the storage of hazardous and non-hazardous liquids and solids. The Enviroplex segment involves the classroom manufacturing business selling modular buildings used primarily as classrooms in California. The company was founded by Robert P. McGrath in 1979 and is headquartered in Livermore, CA.Read More Receive MGRC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for McGrath RentCorp and its competitors with MarketBeat's FREE daily newsletter. Email Address MGRC Stock News HeadlinesMarch 22, 2023 | washingtonpost.comFormer chief of staff to then-Gov. Larry Hogan still at largeMarch 21, 2023 | finance.yahoo.comMcGrath to Present at the Sidoti & Company, LLC March Small-Cap Virtual Investor ConferenceMarch 29, 2023 | UNKNOWN (Ad)This Mining Stock Has The Keys To Our Future!The Stock Market Is Changing And This Company Is At The Forefront Of The Next Rally!March 20, 2023 | americanbankingnews.comMcGrath RentCorp (NASDAQ:MGRC) versus Upbound Group (NASDAQ:UPBD) Head to Head AnalysisMarch 17, 2023 | cnn.comFugitive search underway for ex-Hogan chief of staff who allegedly stole $276,000March 16, 2023 | washingtonpost.comJudge issues warrant for Roy McGrath, Hogan’s former chief of staffMarch 8, 2023 | finance.yahoo.comMcGrath RentCorp (MGRC) Stock Historical Prices & Data - Yahoo FinanceMarch 2, 2023 | finance.yahoo.comMcGrath Acquires Colorado-Based Container Rental CompanyMarch 29, 2023 | The Oxford Club (Ad)My No. 1 dividend stock for a LIFETIME of income.Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.March 2, 2023 | seekingalpha.comMcGrath RentCorp buys Brekke Storage in ColoradoFebruary 23, 2023 | seekingalpha.comMcGrath RentCorp Q4 2022 Earnings PreviewFebruary 22, 2023 | msn.comMcGrath RentCorp reports Q4 results, sees FY 2023 revenue above consensusFebruary 22, 2023 | finance.yahoo.comMcGrath Announces Results for Fourth Quarter 2022 and Announces 32nd Annual Dividend IncreaseFebruary 2, 2023 | msn.comBenzinga's Top Ratings Upgrades, Downgrades For February 2, 2023February 2, 2023 | 247wallst.comOpening Bell Analysts Research Calls for Thursday, February 2February 1, 2023 | finance.yahoo.comMcGrath Acquires Vesta Modular and Concurrently Divests Adler Tank RentalsJanuary 26, 2023 | finance.yahoo.comInstitutional investors in McGrath RentCorp (NASDAQ:MGRC) lost 4.7% last week but have reaped the benefits of longer-term growthJanuary 24, 2023 | seekingalpha.comMcGrath RentCorp Keeps Crushing ExpectationsJanuary 9, 2023 | finance.yahoo.comShould You Buy McGrath RentCorp (NASDAQ:MGRC) For Its Upcoming Dividend?December 19, 2022 | finance.yahoo.comIs Malaysian Genomics Resource Centre Berhad (KLSE:MGRC) Potentially Undervalued?December 8, 2022 | finance.yahoo.comMcGrath Declares Quarterly DividendNovember 24, 2022 | finance.yahoo.comA Look At The Fair Value Of McGrath RentCorp (NASDAQ:MGRC)November 11, 2022 | finance.yahoo.comWhat Makes McGrath (MGRC) a Strong Momentum Stock: Buy Now?November 9, 2022 | finance.yahoo.comWhy McGrath (MGRC) Might be Well Poised for a SurgeNovember 8, 2022 | finance.yahoo.comMcGrath RentCorp Third Quarter 2022 Earnings: Beats ExpectationsNovember 2, 2022 | finance.yahoo.comMcGrath (MGRC) is on the Move, Here's Why the Trend Could be SustainableNovember 1, 2022 | finance.yahoo.comMcGrath to Present at the Baird 2022 Global Industrial ConferenceSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MGRC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for McGrath RentCorp and its competitors with MarketBeat's FREE daily newsletter. Email Address MGRC Company Calendar Ex-Dividend for 1/31 Dividend1/13/2023Dividend Payable1/31/2023Last Earnings2/22/2023Today3/29/2023Ex-Dividend for 4/28 Dividend4/13/2023Next Earnings (Estimated)4/27/2023Dividend Payable4/28/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Equipment rental & leasing, not elsewhere classified Sub-IndustryDiversified Support Services SectorFinance Current SymbolNASDAQ:MGRC CUSIP58058910 CIK752714 Webwww.mgrc.com Phone(925) 606-9200Fax925-453-3200Employees1,218Year FoundedN/APrice Target and Rating Average Stock Price Forecast$120.50 High Stock Price Forecast$127.00 Low Stock Price Forecast$114.00 Forecasted Upside/Downside+30.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$4.71 Trailing P/E Ratio19.56 Forward P/E Ratio20.03 P/E Growth1.97Net Income$115.14 million Net Margins15.69% Pretax Margin20.44% Return on Equity15.02% Return on Assets6.94% Debt Debt-to-Equity RatioN/A Current Ratio0.29 Quick Ratio0.29 Sales & Book Value Annual Sales$733.82 million Price / Sales3.06 Cash Flow$9.43 per share Price / Cash Flow9.77 Book Value$32.97 per share Price / Book2.79Miscellaneous Outstanding Shares24,392,000Free Float23,904,000Market Cap$2.25 billion OptionableOptionable Beta0.78 Key ExecutivesJoseph F. HannaPresident, Chief Executive Officer & DirectorKeith E. PrattChief Financial Officer & Executive Vice PresidentPhilip B. HawkinsSenior VP & Division Manager-Mobile ModularJohn P. SkeneskyVice President & Division Manager-TRS RenTelcoDavid M. WhitneyChief Accounting Officer, VP & ControllerKey CompetitorsPROGNYSE:PRGKennedy-WilsonNYSE:KWAxos FinancialNYSE:AXGolub Capital BDCNASDAQ:GBDCAssetMark FinancialNYSE:AMKView All CompetitorsInsiders & InstitutionsMetLife Investment Management LLCBought 153 shares on 3/23/2023Ownership: 0.051%Dennis P StradfordSold 1,700 sharesTotal: $166,396.00 ($97.88/share)Philip B. HawkinsSold 5,624 sharesTotal: $553,514.08 ($98.42/share)Voya Investment Management LLCSold 398 shares on 2/28/2023Ownership: 0.038%Trease Kristina VanSold 2,646 sharesTotal: $275,210.46 ($104.01/share)View All Insider TransactionsView All Institutional Transactions MGRC Stock - Frequently Asked Questions Should I buy or sell McGrath RentCorp stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McGrath RentCorp in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MGRC shares. View MGRC analyst ratings or view top-rated stocks. What is McGrath RentCorp's stock price forecast for 2023? 2 equities research analysts have issued 12 month target prices for McGrath RentCorp's stock. Their MGRC share price forecasts range from $114.00 to $127.00. On average, they expect the company's stock price to reach $120.50 in the next year. This suggests a possible upside of 30.8% from the stock's current price. View analysts price targets for MGRC or view top-rated stocks among Wall Street analysts. How have MGRC shares performed in 2023? McGrath RentCorp's stock was trading at $98.74 at the beginning of 2023. Since then, MGRC stock has decreased by 6.7% and is now trading at $92.13. View the best growth stocks for 2023 here. When is McGrath RentCorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023. View our MGRC earnings forecast. How were McGrath RentCorp's earnings last quarter? McGrath RentCorp (NASDAQ:MGRC) released its quarterly earnings data on Wednesday, February, 22nd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.28. The financial services provider had revenue of $210.90 million for the quarter, compared to analysts' expectations of $201.16 million. McGrath RentCorp had a trailing twelve-month return on equity of 15.02% and a net margin of 15.69%. The business's revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.16 EPS. How often does McGrath RentCorp pay dividends? What is the dividend yield for McGrath RentCorp? McGrath RentCorp declared a quarterly dividend on Wednesday, February 22nd. Stockholders of record on Friday, April 14th will be given a dividend of $0.465 per share on Friday, April 28th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, April 13th. This is a positive change from the stock's previous quarterly dividend of $0.46. Read our dividend analysis for MGRC. What ETFs hold McGrath RentCorp's stock? ETFs with the largest weight of McGrath RentCorp (NASDAQ:MGRC) stock in their portfolio include VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), WisdomTree U.S. Growth & Momentum Fund (WGRO), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco DWA Industrials Momentum ETF (PRN), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Avantis U.S. Small Cap Value ETF (AVUV), Invesco DWA SmallCap Momentum ETF (DWAS) and Timothy Plan US Small Cap Core ETF (TPSC). Is McGrath RentCorp a good dividend stock? McGrath RentCorp (NASDAQ:MGRC) pays an annual dividend of $1.86 per share and currently has a dividend yield of 2.01%. The company has been increasing its dividend for 31 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 39.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGRC will have a dividend payout ratio of 39.74% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MGRC. What guidance has McGrath RentCorp issued on next quarter's earnings? McGrath RentCorp issued an update on its FY 2023 earnings guidance on Wednesday, February, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $780.00 million-$810.00 million, compared to the consensus revenue estimate of $758.79 million. What is Joseph F. Hanna's approval rating as McGrath RentCorp's CEO? 7 employees have rated McGrath RentCorp Chief Executive Officer Joseph F. Hanna on Glassdoor.com. Joseph F. Hanna has an approval rating of 100% among the company's employees. This puts Joseph F. Hanna in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of McGrath RentCorp own? Based on aggregate information from My MarketBeat watchlists, some companies that other McGrath RentCorp investors own include Home Depot (HD), AbbVie (ABBV), NVIDIA (NVDA), Verizon Communications (VZ), Cisco Systems (CSCO), S&P Global (SPGI), AT&T (T), Intel (INTC), NextEra Energy (NEE) and Fortinet (FTNT). What is McGrath RentCorp's stock symbol? McGrath RentCorp trades on the NASDAQ under the ticker symbol "MGRC." Who are McGrath RentCorp's major shareholders? McGrath RentCorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include Franklin Resources Inc. (6.63%), Dimensional Fund Advisors LP (5.41%), Victory Capital Management Inc. (4.86%), Victory Capital Management Inc. (4.78%), T. Rowe Price Investment Management Inc. (3.33%) and River Road Asset Management LLC (2.86%). Insiders that own company stock include David M Whitney, Dennis P Stradford, Elizabeth A Fetter, John Lieffrig, John P Skenesky, Kay Dashner, Keith E Pratt, Kimberly Ann Box, Philip B Hawkins, Ronald H Zech and Trease Kristina Van. View institutional ownership trends. How do I buy shares of McGrath RentCorp? Shares of MGRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is McGrath RentCorp's stock price today? One share of MGRC stock can currently be purchased for approximately $92.13. How much money does McGrath RentCorp make? McGrath RentCorp (NASDAQ:MGRC) has a market capitalization of $2.25 billion and generates $733.82 million in revenue each year. The financial services provider earns $115.14 million in net income (profit) each year or $4.71 on an earnings per share basis. How many employees does McGrath RentCorp have? The company employs 1,218 workers across the globe. How can I contact McGrath RentCorp? McGrath RentCorp's mailing address is 5700 LAS POSITAS RD, LIVERMORE CA, 94551. The official website for the company is www.mgrc.com. The financial services provider can be reached via phone at (925) 606-9200, via email at investor@mgrc.com, or via fax at 925-453-3200. This page (NASDAQ:MGRC) was last updated on 3/29/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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