Gabelli Funds LLC Increases Stock Position in McGrath RentCorp $MGRC
Gabelli Funds LLC increased its stake in McGrath RentCorp (NASDAQ:MGRC) by 28.8% in Q4, bringing its total to 49,243 shares valued at approximately $5.17 million. Despite institutional ownership reaching 92.05%, recent insider selling by Director Joseph F. Hanna and Trease Kristina Van amounted to 11,078 shares, totaling about $1.25 million. The company reported mixed Q4 results with EPS missing estimates but revenue slightly exceeding them, and also increased its quarterly dividend to $0.495.
McGrath RentCorp’s Expanded Credit Line Raises a Key Question About Capital Discipline for MGRC
McGrath RentCorp has secured a new US$725 million five-year credit facility, replacing its previous US$650 million line, for working capital, capex, and general corporate uses. While this expanded credit line offers financing flexibility for McGrath RentCorp's existing operating plan, it does not fundamentally alter the risks associated with cyclical end markets and potential pressures on revenue and margins from weaker demand and lower fleet utilization. Investors are encouraged to consider how this capacity will support future investments or act as a buffer, while also evaluating other perspectives on the company's fair value.
Barclays Maintains McGrath RentCorp(MGRC.US) With Buy Rating, Maintains Target Price $140
Barclays has reiterated its Buy rating on McGrath RentCorp (MGRC.US) and maintained its price target at $140. This indicates a continued positive outlook from the firm regarding the company's stock performance.
McGrath RentCorp chief strategy officer sells $61,985 in shares By Investing.com
Kristina Van Trease, Chief Strategy Officer at McGrath RentCorp (NASDAQ:MGRC), sold 539 shares totaling $61,985 on May 15, 2026. Following the sale, she directly holds 10,316 shares. The company recently reported mixed Q1 2026 financial results and secured a new $725 million credit facility.
McGrath RentCorp chief strategy officer sells $61,985 in shares By Investing.com
Kristina Van Trease, Chief Strategy Officer at McGrath RentCorp (NASDAQ:MGRC), sold 539 shares of the company’s common stock for $61,985 on May 15, 2026. Following the sale, she directly holds 10,316 shares. The company recently missed analyst expectations for Q1 2026 earnings and revenue but secured a new $725 million credit facility.
[Form 4] MCGRATH RENTCORP Insider Trading Activity
McGrath RentCorp insider Kristina Van Trease Whitney, who is also a 10% owner and Chief Strategy Officer, sold 539 shares of common stock on May 15, 2026. The shares were sold in open-market transactions at a weighted average price of $115.0003, with individual trades ranging from $115.00 to $115.16. Following this transaction, Whitney directly beneficially owns 10,316 shares of McGrath RentCorp common stock.
McGrath RentCorp (MGRC) CAO reports open-market sale of 539 shares
McGrath RentCorp's SVP and Chief Accounting Officer, David M. Whitney, reported an indirect open-market sale of 539 shares of Common Stock on May 15, 2026. The shares, held in a spouse's account, were sold at a weighted average price of approximately $115.00 per share, totaling around $62,000. Following the transaction, Whitney indirectly owns 10,316 shares of MGRC.
Anchor Capital Management Increases McGrath RentCorp Holdings in Q1 2026 - News and Statistics
Anchor Capital Management significantly increased its holdings in McGrath RentCorp during the first quarter of 2026, adding 40,352 shares valued at $4.49 million, bringing its total position in the company to 22.03% of its 13F assets under management. Despite this, McGrath RentCorp's stock has underperformed the S&P 500 over the past year, remaining flat while the S&P 500 gained 25%. The company, a provider of rental solutions generating nearly $1 billion in annual revenue, recently reported a 2% year-over-year increase in total revenue for its most recent quarter, along with its 35th consecutive year of annual dividend increases.
A Look At McGrath RentCorp (MGRC) Valuation After Its Expanded US$725 Million Credit Facility Completion
McGrath RentCorp (MGRC) has secured an expanded US$725 million credit facility, replacing a prior US$650 million line, which impacts its funding capacity and balance sheet flexibility. Despite recent short-term share price dips, the stock shows long-term gains and is considered undervalued by analysts, who set a fair value of $147 per share compared to the current $111.75. The analysis suggests measured revenue growth and stable profitability, though potential risks like softer demand and rising operating costs could challenge this valuation.
A Look At McGrath RentCorp (MGRC) Valuation After Its Expanded US$725 Million Credit Facility Completion
McGrath RentCorp (MGRC) recently secured an expanded US$725 million credit facility, replacing a previous US$650 million line, which impacts its funding capacity and balance sheet flexibility. Despite a short-term stock price decline, the company is seen as potentially undervalued by analysts, with a fair value estimate of $147 per share against a last close of $111.75. The narrative suggests measured revenue growth and steady profitability as key drivers for this valuation, though potential risks like softer demand and rising operating costs are noted.
McGrath RentCorp stock (US5805891091): Insight after Q1 earnings and dividend update
McGrath RentCorp, a Nasdaq-listed equipment rental specialist, recently reported its Q1 2026 results and confirmed its dividend, offering insights into its modular building and portable storage services across North America. The company's core business involves renting relocatable buildings and specialty equipment, driven by demand in education, commercial construction, and technology sectors. Despite strong competition and macroeconomic cyclicality risks, McGrath RentCorp aims to provide diversification for US investors through its focus on recurring rental revenue and asset utilization.
Fidelity Brokerage files Form 144 to sell MGRC common awards (MGRC)
Fidelity Brokerage Services LLC has filed a Form 144 to disclose its intent to sell multiple lots of McGrath RentCorp (MGRC) common stock tied to stock awards. The filing specifies various share counts and award dates for these proposed sales, which are regulatory notices of intent and do not constitute actual sales. The impact of these potential sales on MGRC is deemed neutral, as the listed quantities are modest and related to individual award lots rather than large block offerings.
MGRC (NASDAQ: MGRC) files Form 144 listing stock-award lots for resale
MGRC (NASDAQ: MGRC) has filed a Form 144 notice for the proposed sale of common stock issued as stock awards. This filing indicates potential sales of various stock-award lots with issuance dates ranging from February 2025 to February 2026, though it does not guarantee that sales will occur. The Form 144 serves as a regulatory notice for the potential resale of restricted or control stock, requiring transparency regarding the quantity of shares involved.
McGrath RentCorp Expands and Extends Revolving Credit Facility
McGrath RentCorp (MGRC) has expanded and extended its revolving credit facility to $725 million, effective May 8, 2026, and extending to May 8, 2031. This new agreement aims to improve the company's financial flexibility for working capital, capital expenditures, and general corporate purposes. Analysts currently rate MGRC as a Buy with a $143.00 price target, while TipRanks' AI Analyst, Spark, rates it as Outperform due to solid financial performance despite some near-term operational headwinds.
McGrath RentCorp Completes $725 Million Credit Facility Maturing In 2031
McGrath RentCorp has successfully completed a new $725 million credit facility, replacing its previous $650 million line of credit. This five-year facility matures in 2031 and will be utilized for working capital, capital expenditures, and general corporate purposes. The expanded credit line enhances McGrath's financial flexibility, supporting its operations in modular solutions and electronic test equipment rental, and underscoring its long-standing financial stability demonstrated by 35 consecutive years of dividend growth.
McGrath RentCorp Completes $725 Million Credit Facility Maturing In 2031
McGrath RentCorp has secured a new $725 million credit facility, replacing its previous $650 million line of credit. This five-year facility, maturing in May 2031, will be used for working capital, capital expenditures, and general corporate purposes, offering the company increased financial flexibility. The consortium of banks involved included Bank of America, U.S. Bank, and Wells Fargo, and the agreement extends the company's debt runway and expands its credit availability.
McGrath Announces Completion of $725 Million Financing
McGrath RentCorp (Nasdaq: MGRC) has announced the completion of a new $725 million credit facility, replacing its previous $650 million line of credit. This five-year facility, maturing in May 2031, will be used for working capital, capital expenditures, and general corporate purposes. The company, a leading business-to-business rental provider, reported this development to the SEC on May 11, 2026.
McGrath Announces Completion of $725 Million Financing
McGrath RentCorp (Nasdaq: MGRC) has successfully completed a new five-year, $725 million credit facility, replacing its previous $650 million line of credit. The financing was arranged with a syndicate of banks led by Bank of America, N.A., and will be used for working capital, capital expenditures, and general corporate purposes. Additional details are available in the Company's Form 8-K filing with the SEC.
McGrath RentCorp (NASDAQ: MGRC) refinances with new $725M revolver
McGrath RentCorp has secured a new five-year revolving credit facility totaling $725 million, replacing its previous $650 million line of credit and extending its maturity to May 8, 2031. This larger facility includes sublimits for standby letters of credit and swingline loans, offering increased financial flexibility. The proceeds will be allocated for working capital, capital expenditures, and general corporate purposes, supporting the company's continuous operations and growth strategies.
McGrath Completes $725MM Financing with Bank Syndicate
McGrath RentCorp, a North American business-to-business rental company, has completed a new $725 million credit facility. This five-year agreement, which matures on May 8, 2031, replaces their previous $650 million line of credit. Bank of America served as the lead arranger and administrative agent for the financing.
Is New 2026 Revenue Guidance Altering The Investment Case For McGrath RentCorp (MGRC)?
McGrath RentCorp (MGRC) recently released Q1 2026 results, including full-year 2026 revenue guidance of US$945 million to US$995 million, alongside a slight dip in EPS. This guidance prompts a re-evaluation of the company's investment narrative, which centers on the resilience of its rental model and its ability to manage cyclical swings. While the guidance doesn't drastically change the immediate focus on stabilizing utilization and controlling costs, it offers new context for assessing recent margin pressures and comparing investor viewpoints.
Number of shareholders of McGrath RentCorp – NASDAQ:MGRC
The article provides information on the number of shareholders for McGrath RentCorp (NASDAQ: MGRC). It focuses on the "Period," "Value," "Change," and "Change %" related to shareholder data, without specifying the actual numbers. The content appears to be a financial data snippet from TradingView.
Vanguard Group Inc. Lowers Position in McGrath RentCorp $MGRC
Vanguard Group Inc. reduced its stake in McGrath RentCorp (NASDAQ:MGRC) by 0.5% in the fourth quarter, selling 14,901 shares, though still retaining an 11.02% ownership valued at $284.7 million. Despite mixed quarterly results where the company missed EPS estimates but met revenue expectations, analysts maintain a "Moderate Buy" rating with an average target price of $141.50. McGrath RentCorp also increased its quarterly dividend to $0.495 per share.
K.J. Harrison & Partners Inc Buys Shares of 10,000 McGrath RentCorp $MGRC
K.J. Harrison & Partners Inc acquired 10,000 shares of McGrath RentCorp (NASDAQ:MGRC) in Q4, valued at approximately $1.05 million. Institutional investors now own 92.05% of the company, while insiders own 1.40%. Despite a Q1 EPS miss, McGrath RentCorp increased its quarterly dividend and analysts maintain a "Moderate Buy" consensus with an average target price of $141.50.
McGrath RentCorp (MGRC) director records 400-share KSOP rollover move
McGrath RentCorp director Joseph F. Hanna reported an internal share restructuring involving 400 shares of common stock. This transaction, dated May 5, 2026, was a KSOP rollover election under the company's Employee Stock Ownership and 401(k) Plan, not a typical market buy or sell. Following this move, Hanna's indirect holdings through the KSOP were reported as zero shares.
McGrath Announces Results for First Quarter 2026
McGrath RentCorp (MGRC) announced its results for the first quarter of 2026. The article highlights recent analyst ratings for MGRC and lists recent related activities, including an insider stock sale and SEC filings. It also promotes Quantisnow as a real-time market data platform for retail investors.
McGrath RentCorp (Nasdaq:MGRC) - Stock Analysis
McGrath RentCorp (MGRC) is a business-to-business rental company with a market cap of US$2.8 billion, currently trading at US$114.64. Analysts consider the stock 21.2% undervalued with a target price of US$145.4. Despite some profit margin declines and debt levels, the company pays a reliable dividend of 1.73% and its earnings are forecast to grow by 6.65% annually.
McGrath RentCorp director Joseph Hanna sells $1.12m of stock By Investing.com
McGrath RentCorp director Joseph Hanna sold 10,000 shares of company stock across three transactions on May 4 and 5, 2026, totaling approximately $1.12 million. The sales occurred while the stock was trading below its InvestingPro Fair Value, indicating potential undervaluation, despite the company having raised its dividend for 28 consecutive years. This follows a mixed Q1 2026 financial report where EPS and revenue missed analyst forecasts.
MGRC SEC Filings - Mcgrath Rentcorp 10-K, 10-Q, 8-K Forms
This page provides comprehensive access to McGrath RentCorp (MGRC) SEC filings, including 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider trading forms. It details the company's regulatory disclosures as a North American business-to-business rental company specializing in modular solutions, portable storage, and electronic test equipment. The platform also offers AI-powered summaries, impact scoring, and sentiment analysis to help investors interpret complex financial documents.
McGrath RentCorp (NASDAQ:MGRC) Director Sells $1,065,280.30 in Stock
McGrath RentCorp (NASDAQ:MGRC) Director Joseph Hanna sold 9,470 shares of the company's stock on May 4th for a total of $1,065,280.30, reducing his stake by 5.6%. The company recently posted Q1 EPS of $1.10, slightly missing the consensus, but raised its quarterly dividend to $0.495. Analysts currently maintain a "Moderate Buy" rating with a consensus target price of $141.50 for MGRC.
Insider Selling: McGrath RentCorp (NASDAQ:MGRC) Director Sells 530 Shares of Stock
McGrath RentCorp (NASDAQ:MGRC) Director Joseph Hanna sold 530 shares of the company's stock on May 5th at an average price of $112.00, totaling $59,360.00. This transaction reduced his ownership by 0.33% to 159,049 shares. The company recently reported quarterly EPS of $1.10, missing estimates, but raised its quarterly dividend to $0.495 per share, resulting in an annualized dividend of $1.98 and a 1.8% yield.
McGrath RentCorp (MGRC) director Joseph Hanna sells 10,000 shares
McGrath RentCorp director Joseph F. Hanna sold a total of 10,000 shares of common stock in open-market transactions on May 4 and May 5, 2026. The sales were executed at weighted average prices between $112.00 and $113.1925 per share. Following these transactions, Hanna directly holds 159,049 shares of McGrath RentCorp common stock.
McGrath RentCorp director Joseph Hanna sells $1.12m of stock
McGrath RentCorp director Joseph F. Hanna sold 10,000 shares of the company's common stock for approximately $1.12 million across multiple transactions on May 4 and May 5, 2026. This insider sale occurred as the company's stock trades at $112.99, and follows recent Q1 2026 financial results where the company missed analyst expectations for both EPS and revenue. Hanna still directly holds 159,049 shares after these sales, and the company has a track record of raising dividends for 28 consecutive years.
A Look At McGrath RentCorp (MGRC) Valuation After Recent Share Price Pullback
McGrath RentCorp (MGRC) has experienced a recent share price pullback, declining 1.1% over the past day and 7.4% over the past week, contrasting with stronger multi-year gains. Despite this, the stock trades at a discount to analyst targets and its estimated intrinsic value of $147, suggesting it is undervalued. The valuation is supported by expectations of expanding geographic presence, entry into new markets, and increased adoption of rental models, although potential risks from softer demand and higher operating costs exist.
Why McGrath RentCorp Shares Are Sinking Today
McGrath RentCorp (MGRC) shares are falling due to a weak Q1 2026 earnings report that missed analyst expectations for profit and sales. Investors are concerned about compressed margins from high equipment preparation costs and uncertain full-year revenue guidance. The recent leadership change and failed merger with WillScot have further intensified doubts about the company's strategy and ability to regain stable growth.
10,000-share sale filed by McGrath Rentcorp (NASDAQ: MGRC)
McGrath Rentcorp (NASDAQ: MGRC) has filed a Form 144 indicating a proposed sale of 10,000 common shares through Charles Schwab & Co., Inc. The filing also details related equity compensation awards in the form of stock appreciation rights from 2022. The sale is neutral in terms of its immediate impact and sentiment.
A Look At McGrath RentCorp (MGRC) Valuation After Recent Share Price Pullback
McGrath RentCorp (MGRC) has experienced a recent share price pullback, declining 7.4% over the past week, despite showing positive returns over the past month and year-to-date. The stock is currently trading at a significant discount to analyst targets and its estimated intrinsic value of $147, suggesting it might be undervalued. This valuation is based on expectations of steady revenue expansion through geographic growth and new market entry, firm margins, and increasing adoption of rental models.
Virtual on May 6: McGrath joins Oppenheimer industry conference
McGrath RentCorp (Nasdaq: MGRC) announced its virtual participation in the Oppenheimer 21st Annual Industrial Growth Conference on Wednesday, May 6, 2026. The company, a leading business-to-business rental provider in North America since 1979, focuses on modular solutions and electronic test equipment rentals. McGrath is recognized for its profitable growth, customer experience, and over 35 consecutive years of annual dividend increases.
McGrath to Participate in the Oppenheimer 21st Annual Industrial Growth Conference
McGrath RentCorp (Nasdaq: MGRC) announced its participation in the Oppenheimer 21st Annual Industrial Growth Conference, which will be held virtually on May 6, 2026. The company, a leading business-to-business rental provider in North America since 1979, specializes in modular solutions and electronic test equipment rentals. McGrath RentCorp emphasizes its commitment to customer experience, sustainable practices, and a consistent record of over 35 consecutive years of annual dividend increases.
McGrath RentCorp (MGRC) Margin Compression Challenges Bullish Rental Profitability Narratives
McGrath RentCorp (MGRC) is experiencing margin compression, with net profit falling from 25.8% to 16.4% despite an increase in revenue, challenging bullish narratives about rental profitability. This decline is attributed to cost pressures and softness in key segments like Mobile Modular and Portable Storage. The company's stock trades at a lower P/E compared to peers, suggesting investor caution due to slower forecast growth, even as analysts see significant upside to price targets.
McGrath RentCorp (MGRC) Margin Compression Challenges Bullish Rental Profitability Narratives
McGrath RentCorp (MGRC) opened 2026 with Q1 revenue of US$198.5 million and EPS of US$1.10, showing a significant drop in net margin from 25.8% to 16.4% year-over-year despite rising trailing revenue. This margin compression, combined with slower forecasted growth and a high debt load, challenges the bullish narratives around the company's rental profitability. While the stock trades below peer averages and its DCF fair value, investors appear cautious given the shift from 18.8% five-year earnings growth to mid-single-digit forward forecasts.
Comerica Bank Acquires 28,719 Shares of McGrath RentCorp $MGRC
Comerica Bank significantly increased its stake in McGrath RentCorp (NASDAQ:MGRC) during Q4, boosting its holdings by 96.8% to 58,374 shares worth approximately $6.13 million. The article details recent institutional investor activity, McGrath RentCorp's mixed Q1 earnings which saw EPS miss estimates and a revenue shortfall, and the company's raised quarterly dividend. Despite some negative sentiment regarding Q1 results and margin pressure, analysts have a "Moderate Buy" consensus rating for MGRC with a $141.50 price target.
McGrath RentCorp Down Over 9%, on Pace for Largest Percent Decrease Since April 2020 -- Data Talk
McGrath RentCorp (MGRC) shares are down over 9% today, marking its largest percentage decrease since April 2020. This significant drop follows a five-day losing streak for the company's stock. The data indicates a notable downturn in the company's market performance.
[SCHEDULE 13G] MCGRATH RENTCORP Passive Investment Disclosure (>5%)
Vanguard Capital Management disclosed a passive investment in McGrath RentCorp (MGRC), reporting beneficial ownership of 1,299,281 shares, which represents 5.27% of the company's common stock, as detailed in a Schedule 13G filing dated April 30, 2026. This filing indicates that the shares are held for Vanguard funds and managed accounts, with Vanguard or its affiliates exercising voting and dispositive power. The Schedule 13G signals a passive investment intent rather than an activist role, consistent with institutional ownership.
McGrath RentCorp (NASDAQ:MGRC) Stock Price Down 11.1% Following Weak Earnings
McGrath RentCorp's (NASDAQ:MGRC) stock price decreased by 11.1% after its Q1 2026 earnings missed analyst expectations for both EPS ($1.10 vs $1.13) and revenue ($198.54 million vs $239.04 million). The company did raise its quarterly dividend to $0.495, resulting in an annualized yield of 1.8%, and provided a wide guidance range for FY2026 revenue. The market reacted negatively due to the significant revenue miss and near-term uncertainty surrounding a new CEO and broad guidance.
McGrath RentCorp earnings in focus as new CEO takes the helm
McGrath RentCorp is preparing to report its first-quarter earnings, which will be the first under new CEO Philip Hawkins. Analysts anticipate earnings of $1.15 per share on revenues of $200.79 million, with investor focus on Hawkins' strategic vision and the company's full-year 2026 revenue guidance. The company’s stock carries a unanimous Buy rating from analysts, highlighting confidence in its prospects despite the leadership change.
McGrath RentCorp (NASDAQ:MGRC) Q1 2026 Earnings Call Transcript
McGrath RentCorp (NASDAQ:MGRC) reported its Q1 2026 earnings, with total revenues up 2% and adjusted EBITDA down 1% year-over-year, despite missing EPS expectations. The company saw rental revenue growth across all divisions, driven by strength in Mobile Modular's commercial segments and strong demand in TRS, particularly from data center build-outs. Management maintained total revenue and adjusted EBITDA guidance for the full year, actively monitoring potential impacts from geopolitical events and continuing strategic investments in geographic expansion and capital expenditures.
Earnings Call Summary | McGrath RentCorp(MGRC.US) Q1 2026 Earnings Conference
This article provides an earnings call summary for McGrath RentCorp's (MGRC.US) Q1 2026 conference. It details the key financial results and operational highlights discussed during the call, offering investors and stakeholders a concise overview of the company's performance.
Vanguard (NYSE: MGRC) reports 5.79% stake in McGrath RentCorp
Vanguard Portfolio Management has reported a 5.79% beneficial ownership stake in McGrath RentCorp (MGRC), totaling 1,425,487 shares. This disclosure, filed via Schedule 13G, indicates Vanguard holds sole voting power over 18,473 shares and sole dispositive power over all 1,425,487 shares. The filing, signed on April 29, 2026, also notes that Vanguard exercises dispositive power for its funds and managed accounts, but no other single person's interest exceeds 5% of the class.
McGrath (MGRC) Q1 2026 Earnings Transcript
McGrath RentCorp (MGRC) reported a 2% increase in total revenue for Q1 2026, reaching $199 million, primarily driven by rental growth across all divisions. Adjusted EBITDA saw a slight decrease of 1% to $74 million due to higher equipment preparation and lower Enviroplex sales. The company maintained its full-year guidance, emphasizing strategic investments in modular expansion and increased capital expenditure for TRS RenTelco to meet strong demand, particularly from data center projects, while also executing share repurchases for the first time since 2020.
