Algert Global LLC boosted its stake in McGrath RentCorp (NASDAQ:MGRC – Free Report) by 11.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 59,827 shares of the financial services provider’s stock after acquiring an additional 5,910 shares during the quarter. Algert Global LLC owned 0.24% of McGrath RentCorp worth $7,241,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its stake in McGrath RentCorp by 767.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 269 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 238 shares during the last quarter. Danske Bank A S purchased a new stake in McGrath RentCorp during the 3rd quarter valued at about $47,000. Strs Ohio acquired a new stake in McGrath RentCorp in the 1st quarter valued at about $56,000. Covestor Ltd raised its holdings in McGrath RentCorp by 52.0% in the 4th quarter. Covestor Ltd now owns 1,385 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 474 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in McGrath RentCorp by 6.9% in the 4th quarter. Neuberger Berman Group LLC now owns 1,948 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 92.05% of the company’s stock.
McGrath RentCorp Stock Performance McGrath RentCorp stock opened at $114.15 on Thursday. McGrath RentCorp has a fifty-two week low of $94.99 and a fifty-two week high of $127.68. The stock has a 50-day simple moving average of $118.54 and a 200-day simple moving average of $114.15. The company has a market capitalization of $2.79 billion, a P/E ratio of 18.38, a PEG ratio of 1.16 and a beta of 0.44.
McGrath RentCorp (NASDAQ:MGRC – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.10). The firm had revenue of $221.11 million for the quarter, compared to analyst estimates of $236.51 million. McGrath RentCorp had a return on equity of 12.44% and a net margin of 16.38%. As a group, analysts forecast that McGrath RentCorp will post 6.37 earnings per share for the current year. McGrath RentCorp Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were issued a $0.495 dividend. The ex-dividend date was Friday, July 17th. This represents a $1.98 annualized dividend and a yield of 1.7%. McGrath RentCorp’s payout ratio is 31.88%.
Analyst Upgrades and Downgrades Separately, Weiss Ratings raised shares of McGrath RentCorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.50.
Read Our Latest Report on MGRC
Insider Activity In other news, Director Joseph F. Hanna sold 7,500 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $120.64, for a total value of $904,800.00. Following the completion of the sale, the director owned 151,549 shares of the company’s stock, valued at $18,282,871.36. This represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Trease Kristina Van sold 3,783 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $113.65, for a total value of $429,937.95. Following the transaction, the insider owned 6,533 shares in the company, valued at approximately $742,475.45. This represents a 36.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 25,408 shares of company stock valued at $3,014,686 in the last three months. Company insiders own 1.40% of the company’s stock.
(Free Report)
McGrath RentCorp, through its subsidiaries, provides rental, sales, and servicing of equipment for commercial, industrial, environmental, and residential markets. The company operates primarily through two segments—mobile storage and water management—offering flexible solutions for customers requiring on-site storage, water transport, treatment, and dewatering services.
In its mobile storage segment, McGrath RentCorp supplies portable storage containers and modular office units to sectors including construction, retail, government, and disaster restoration.
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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 for the quarter ended June 30, 2026 of $221.1 million, a decrease of 6% compared to the second quarter of 2025. The Company reported net income of $33.7 million, or $1.37 per diluted share, for the second quarter of 2026, compared to net income of $36.0 million, or $1.46 per diluted share, for the second.
Philip Hawkins - President, CEO & Director
Keith E. Pratt - Executive VP, CFO & Assistant Corporate Secretary
Conference Call Participants
Ronan Kennedy
Scott Schneeberger - Oppenheimer & Co. Inc., Research Division
Dan Moore - CJS Securities, Inc.
Steven Ramsey - Thompson Research Group, LLC
Marc Riddick - Sidoti & Company, LLC
Presentation
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the McGrath RentCorp Second Quarter 2026 Earnings Call. [Operator Instructions] This conference call is being recorded today, Wednesday, July 29th, 2026.
Before we begin, note that the matters the company management will be discussing today that are not statements of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the company's expectations, strategies, prospects, backlog or targets. These forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties that could cause our actual results to differ materially from those projected.
Important factors that could cause actual results to differ materially from the company's expectations are disclosed under Risk Factors in the company's Form 10-K and other SEC filings. Forward-looking statements are made only as of the date hereof. Except as otherwise required by law, we assume no obligation to update any forward-looking statements.
In addition to the press release issued today, the company also filed with the SEC the earnings release on Form 8-K and its Form 10-Q for the quarter ended June 30th, 2026.
Speaking today will be Phil Hawkins, Chief Executive Officer; and Keith Pratt, Chief Financial Officer.
I will now turn the call over to Mr. Hawkins. Go ahead, sir.
Philip Hawkins
President, CEO & Director
Thank you, Cloy. Good afternoon, everyone, and thank you for joining us today
McGrath RentCorp NASDAQ: MGRC reported second-quarter results that reflected continued growth in rental operations, led by its Mobile Modular and TRS-RenTelco businesses, while lower equipment sales and delayed project completions weighed on total revenue and earnings.
Total revenue declined 6% year over year to $221 million, while adjusted EBITDA fell 4% to $83 million. Rental operations revenue increased 6%, but the gains were offset by lower new-equipment sales at Enviroplex and Mobile Modular, Chief Executive Officer Phil Hawkins said during the company’s July 29 earnings call.
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“We delivered rental operations revenue growth in a mixed demand environment,” Hawkins said, adding that the company sees momentum heading into the second half of 2026.
Mobile Modular Sees Utilization Turn Mobile Modular revenue declined 4% to $150 million and adjusted EBITDA decreased 4% to $51 million in the quarter. However, rental revenue rose 2%, supported by commercial customers and an 8% increase in rental-related services revenue.
Bookings increased 11% from a year earlier, while average fleet utilization improved sequentially to 70.1% from 70.0% in the first quarter. Utilization ended the quarter at 70.6%, as shipments exceeded returns. The company said units on rent increased for four consecutive months, ending the quarter above the level at the start of the year.
Hawkins characterized the development as a meaningful shift after a lengthy period of declining utilization, though management cautioned that improvement may not occur in a straight line each quarter.
“We do believe we turned the corner on a trend on the modular side and have strong momentum entering the second half of the year,” Hawkins said.
Management attributed the improvement to a combination of larger commercial project wins and the company’s geographic expansion efforts. It cited the Pacific Northwest, Midwest and Northeast as areas where McGrath is gaining traction after adding sales coverage and deploying fleet capital.
Monthly revenue per unit on rent increased 7% to $902. For units shipped during the past 12 months, average monthly revenue per unit was up 7% to $1,252, which Chief Financial Officer Keith Pratt said provides a pricing tailwind as the fleet turns over.
Mobile Modular Plus revenue rose to $10.5 million from $9.2 million a year earlier. Site-related services revenue was $6 million, down from $6.5 million in the prior-year quarter but ahead of 2025 levels on a year-to-date basis.
Rental margins at Mobile Modular declined to 55% from 58%, as inventory center costs rose $2.1 million to prepare equipment for anticipated stronger demand and shipment activity in the second half.
Project Timing Pressures Sales Revenue Mobile Modular sales revenue decreased $9.3 million to $31.2 million, largely because several new sales projects shifted into the second half of the year. Enviroplex revenue fell to $4.6 million from $19.9 million in the prior-year period, while adjusted EBITDA moved to a $0.5 million loss from a $4.3 million profit.
Pratt said the Enviroplex decline was primarily a timing issue involving contracted projects, including delays related to site readiness, permits, foundation work and utility connections. He said the company expects Enviroplex’s full-year performance to be closer to its 2024 revenue of $46 million than its 2025 revenue of $57 million.
“These aren’t projects canceling and falling out of the pipeline, just completion date shifting from when we originally expected it,” Hawkins said. He added that management sees underlying new modular sales demand as stable and consistent with a year ago.
TRS-RenTelco Growth Offsets Storage Weakness TRS-RenTelco delivered the company’s strongest segment results. Total revenue increased 17% to $43 million, adjusted EBITDA rose 29% to $25 million, and rental revenue climbed 17% to $32 million.
Demand remained healthy in data centers, aerospace and defense, and semiconductor-related end markets. Average utilization increased to 68.1% from 64.8% a year earlier and ended the quarter at 68.9%, the segment’s highest level since the first quarter of 2021.
Rental margins improved to 48% from 44%, while sales revenue increased 13% to $8.7 million and gross margin rose to 66% from 47%.
Hawkins said data center activity remains a meaningful contributor to TRS-RenTelco’s growth, with the company viewing the current build-out as still in its early-to-middle stages. The company increased its rental equipment capital expenditure outlook in part to support additional investment in TRS.
By contrast, portable storage rental revenue was flat at $17 million amid weak small local commercial construction markets. Total portable-storage revenue rose 1% to $24 million, but adjusted EBITDA fell 23% to $8 million. Average utilization declined to 58.3% from 61.1%, while rental margins decreased to 80% from 83%.
Hawkins said lower industry utilization and heightened competition remain the primary challenges in portable storage. The company does not expect a meaningful recovery in the smaller nonresidential construction market this year.
Outlook Maintained as Capital Spending Rises McGrath tightened its full-year ranges while maintaining the midpoints of its prior revenue and adjusted EBITDA outlook. The company now expects:
Total revenue of $955 million to $985 million. Adjusted EBITDA of $363 million to $375 million. Gross rental equipment capital expenditures of $200 million to $220 million. Pratt said stronger-than-expected TRS-RenTelco performance is expected to offset weaker portable-storage results, while Enviroplex is still projected to perform similarly to 2024.
For the first half, McGrath generated $106 million in operating cash flow, compared with $110 million a year earlier. Rental equipment purchases rose to $124 million from $50 million, reflecting investments in modular expansion and TRS demand. The company also paid $25 million in dividends and repurchased $27 million of stock during the period.
At quarter-end, net borrowings totaled $590 million and funded debt was 1.65 times trailing 12-month adjusted EBITDA. Management said its balance sheet provides flexibility to fund organic expansion, dividends, acquisitions and share repurchases.
About McGrath RentCorp (NASDAQ:MGRC)McGrath RentCorp, through its subsidiaries, provides rental, sales, and servicing of equipment for commercial, industrial, environmental, and residential markets. The company operates primarily through two segments—mobile storage and water management—offering flexible solutions for customers requiring on-site storage, water transport, treatment, and dewatering services.
In its mobile storage segment, McGrath RentCorp supplies portable storage containers and modular office units to sectors including construction, retail, government, and disaster restoration.
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McGrath (MGRC - Free Report) came out with quarterly earnings of $1.37 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.46 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -6.16%. A quarter ago, it was expected that this business-to-business rental company would post earnings of $1.13 per share when it actually produced earnings of $1.1, delivering a surprise of -2.65%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
McGrath, which belongs to the Zacks Financial - Leasing Companies industry, posted revenues of $221.11 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 6.86%. This compares to year-ago revenues of $235.62 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
McGrath shares have added about 14.3% since the beginning of the year versus the S&P 500's gain of 8.5%.
What's Next for McGrath?While McGrath has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for McGrath was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.82 on $271.03 million in revenues for the coming quarter and $6.35 on $970.46 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Leasing Companies is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Upbound Group (UPBD - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.
This company that leases furniture and appliances with an option to buy is expected to post quarterly earnings of $1.07 per share in its upcoming report, which represents a year-over-year change of -4.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Upbound Group's revenues are expected to be $1.15 billion, down 0.2% from the year-ago quarter.
On July 1, 2026, Joseph F. Hanna, a director of McGrath RentCorp (MGRC 1.65%), reported the sale of 7,500 shares of common stock in multiple open-market transactions, according to a SEC Form 4 filing.
Transaction summaryMetricValueShares sold (direct)7,500Transaction value~$905,000Post-transaction shares (direct)151,549Post-transaction value (direct ownership)~$18.17 millionTransaction value based on SEC Form 4 weighted average purchase price ($120.64); post-transaction value based on July 1, 2026 market close ($120.64).
Key questionsHow does the size of this sale compare to Joseph F. Hanna’s historical open-market sales?
This 7,500-share sale is the smallest of Hanna's five recorded open-market dispositions since February 2024, well below his historical average of approximately 13,254 shares per transaction.What proportion of Hanna's remaining stake does this transaction represent?
The sale reduced his direct holdings by 4.72%, moving from 159,049 to 151,549 shares.Were these shares sold via a preset trading plan or in response to market developments?
The Form 4 does not indicate a Rule 10b5-1 trading plan; the timing appears discretionary based on available filing details.What does the transaction imply about Hanna’s capacity for further open-market sales?
With direct holdings now at 151,549 shares, future sale volumes may continue to decrease, as recent trade sizes have declined in line with reduced share availability rather than a change in trading approach.Company overviewMetricValueRevenue (TTM)$947.36 millionNet income (TTM)$155.13 millionDividend yield1.86%1-year price change-1%* 1-year price change calculated as of July 1, 2026.
Company snapshotMcGrath RentCorp offers modular buildings, portable storage, electronic test equipment, and containment solutions as primary products and services.The firm generates revenue through equipment rentals and direct sales across four business segments.It serves clients in education, construction, industrial, communications, and public sector markets throughout the United States and internationally.McGrath RentCorp is a diversified provider of rental and sales solutions for modular structures, storage units, electronic test equipment, and containment systems. The company operates through four segments—Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex—targeting a broad spectrum of industries and applications.
What this transaction means for investorsThis sale ultimately looks like routine portfolio trimming rather than a red flag. Hanna still holds roughly $18.3 million in stock at the July 1 close, and the shrinking size of his recent sales tracks his shrinking share count, not a shift in conviction. Without a 10b5-1 plan on the filing, the timing was his call, but nothing in the company's latest results suggests he was heading for the exits.
In the first quarter, McGrath’s rental operations revenue grew 5% to $162.2 million. Meanwhile, TRS-RenTelco posted 13% rental revenue growth on data center buildouts, and management confirmed full-year guidance of $945 million to $995 million in revenue. CEO Phil Hawkins said the company is "pleased with our start to the year," though he flagged that macro uncertainty could lead to project delays as 2026 progresses.
For long-term investors, the takeaway is that a director selling under 5% of his stake shouldn't shake a thesis built on 35 consecutive years of dividend increases and steady rental growth. Instead, investors should pay attention to how macro uncertainty ultimately manifests itself in later results. The firm will release second-quarter earnings on July 29.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends McGrath RentCorp. The Motley Fool has a disclosure policy.
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 it will participate in the CJS Securities 26th Annual “New Ideas” Summer Conference that will be held in White Plains, NY on Thursday, July 9, 2026.
ABOUT MCGRATH:
McGrath RentCorp (Nasdaq: MGRC) is a leading business-to-business rental company in North America with a strong record of profitable business growth. Founded in 1979, McGrath’s operations are centered on modular solutions through its Mobile Modular and Mobile Modular Portable Storage businesses. In addition, its TRS-RenTelco business offers electronic test equipment rental solutions. The Company’s rental product offerings and services are part of the circular supply economy, helping customers work more efficiently, and sustainably manage their environmental footprint. With over 45 years of experience, McGrath’s success is driven by a focus on exceptional customer experiences. This focus has underpinned the Company’s long-term financial success and supported over 35 consecutive years of annual dividend increases to shareholders, a rare distinction among publicly listed companies.
Headquartered in Livermore, California. Additional information about McGrath and its businesses is available at mgrc.com and investors.mgrc.com.
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 financial results for its second quarter ending June 30, 2026, after the close of regular market trading on Wednesday, July 29, 2026.
McGrath RentCorp will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on July 29, 2026, to discuss the results. The conference call may be accessed by dialing 1-800-274-8461 (international callers dial 1-203-518-9814), or by listening to the simultaneous webcast on https://investors.mgrc.com/. A replay will be available for 7 days following the call by dialing 1-800-839-5203 (international callers dial 1-402-220-2695). In addition, a live audio webcast and replay of the call may be found in the investor relations section of the Company’s website at https://investors.mgrc.com/events-and-presentations.
ABOUT MCGRATH:
McGrath RentCorp (Nasdaq: MGRC) is a leading business-to-business rental company in North America with a strong record of profitable business growth. Founded in 1979, McGrath’s operations are centered on modular solutions through its Mobile Modular and Mobile Modular Portable Storage businesses. In addition, its TRS-RenTelco business offers electronic test equipment rental solutions. The Company’s rental product offerings and services are part of the circular supply economy, helping customers work more efficiently, and sustainably manage their environmental footprint. With over 45 years of experience, McGrath’s success is driven by a focus on exceptional customer experiences. This focus has underpinned the Company’s long-term financial success and supported 35 consecutive years of annual dividend increases to shareholders, a rare distinction among publicly listed companies.
McGrath is headquartered in Livermore, California. Additional information about McGrath and its businesses is available at mgrc.com and investors.mgrc.com.
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 financial results for its first quarter ending March 31, 2026, after the close of regular market trading on Wednesday, April 29, 2026. McGrath RentCorp will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on April 29, 2026, to discuss the results. The conference call may be acc.
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 for the quarter ended March 31, 2026 of $198.5 million, an increase of 2% compared to the first quarter of 2025. The Company reported net income of $27.0 million, or $1.10 per diluted share, for the first quarter of 2026, compared to net income of $28.2 million, or $1.15 per diluted share, for the first q.
McGrath (MGRC - Free Report) came out with quarterly earnings of $1.1 per share, missing the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.15 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -2.66%. A quarter ago, it was expected that this business-to-business rental company would post earnings of $1.74 per share when it actually produced earnings of $2.02, delivering a surprise of +16.09%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
McGrath, which belongs to the Zacks Financial - Leasing Companies industry, posted revenues of $198.54 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.87%. This compares to year-ago revenues of $195.42 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
McGrath shares have added about 14.4% since the beginning of the year versus the S&P 500's gain of 4.3%.
What's Next for McGrath?While McGrath has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for McGrath was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.55 on $241.07 million in revenues for the coming quarter and $6.52 on $971.15 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Leasing Companies is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Upbound Group (UPBD - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on April 30.
This company that leases furniture and appliances with an option to buy is expected to post quarterly earnings of $1.06 per share in its upcoming report, which represents a year-over-year change of +6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Upbound Group's revenues are expected to be $1.23 billion, up 4.2% from the year-ago quarter.
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 it will participate in the Oppenheimer 21st Annual Industrial Growth Conference that will be held virtually on Wednesday, May 6, 2026. ABOUT MCGRATH: McGrath RentCorp (Nasdaq: MGRC) is a leading business-to-business rental company in North America with a strong record of profitable business growth. Founded in 1979,.
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 it has completed a $725 million credit facility with a syndicate of banks. The five-year facility matures on May 8, 2031, and replaces the Company's existing $650 million line of credit. Bank of America, N.A. served as Joint Lead Arranger, Sole Bookrunner and Administrative Agent. U.S. Bank N.A. and Wells Fargo Bank.
Anchor Capital Management Company increased its stake in McGrath RentCorp (MGRC +1.66%) by 40,352 shares in the first quarter, an estimated $4.49 million trade based on quarterly average pricing, according to its May 15, 2026, SEC filing.
What happenedAccording to an SEC filing dated May 15, 2026, Anchor Capital Management Company increased its position in McGrath RentCorp by 40,352 shares during the first quarter. The estimated transaction value was approximately $4.49 million, calculated using the period’s average closing price. The quarter-end value of the fund’s position in McGrath RentCorp increased by $5.23 million, a figure that includes both the impact of trades and market pricing shifts.
What else to knowANCHOR Capital’s McGrath RentCorp stake represents 22.03% of 13F AUM following the buyTop holdings after the filing:NASDAQ: HLMN: $21.10 million (22.8% of AUM)NASDAQ: MGRC: $20.43 million (22.0% of AUM)NASDAQ: LIND: $16.99 million (18.3% of AUM)NYSE: SXI: $14.33 million (15.5% of AUM)NASDAQ: VITL: $8.77 million (9.5% of AUM)As of May 14, 2026, McGrath RentCorp shares were priced at $115.56, roughly flat over the past year and underperforming the S&P 500, which is instead up about 25%.Company OverviewMetricValueRevenue (TTM)$947.36 millionNet Income (TTM)$155.13 millionDividend Yield1.7%Price (as of market close 2026-05-14)$115.56Company SnapshotMcGrath RentCorp offers rental and sales of modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks across four business segments.The firm generates revenue through equipment rental, sales of modular products, and related services to business and institutional clients.It serves a diversified customer base, including education, construction, industrial, communications, and public sector organizations in the United States and internationally.McGrath RentCorp is a leading provider of business-to-business rental solutions, operating at scale with nearly $1 billion in annual revenue. The company leverages a diversified portfolio of modular buildings, test equipment, and containment solutions to address the needs of multiple industries. Its strategy centers on recurring rental income, strong customer relationships, and operational expertise, positioning it competitively in the rental and leasing services market.
What this transaction means for investorsRather than chasing a high-growth story, Anchor appears to be leaning further into a company with recurring revenue, a long dividend track record, and exposure to booming infrastructure and data center spending. This type of position says a lot in a concentrated portfolio like this one.
And McGrath’s latest quarter reinforced that thesis. Total revenue rose 2% to $198.5 million, while rental operations revenue climbed 5% to $162.2 million. The standout business was TRS-RenTelco, where rental revenue jumped 13% as demand tied to new data center buildouts accelerated. Meanwhile, adjusted EBITDA was relatively stable at $74.1 million, even as sales revenue declined 13% and management flagged softer commercial construction activity.
The company also continues to reward shareholders. McGrath has now increased its annual dividend for 35 consecutive years and paid a quarterly dividend of $0.495 per share.
For long-term investors, the appeal here is consistency. McGrath may not be flashy, but its diversified rental model, exposure to infrastructure spending, and recurring revenue base could help cushion the business if economic conditions weaken later this year.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Hillman Solutions. The Motley Fool recommends Lindblad Expeditions, McGrath RentCorp, and Vital Farms. The Motley Fool has a disclosure policy.
Paradice Investment Management disclosed a new position in McGrath RentCorp (MGRC +1.66%) on May 14, 2026, with an estimated $17.64 million trade based on quarterly average pricing.
What happenedParadice Investment Management initiated a new stake of 158,670 shares in McGrath RentCorp (MGRC +1.66%), according to a May 14, 2026, SEC filing. The estimated value of the trade was $17.64 million, calculated using the average closing price for the first quarter of 2026. As of quarter-end, the MGRC position was valued at $17.50 million, reflecting the impact of market movements over the period.
This is a new position for Paradice, now accounting for roughly 3% of its reportable U.S. equity AUM after the trade.Top five fund holdings after the filing:NYSE: GMED: $42.33 million (8.0% of AUM)NYSE: GNRC: $40.68 million (7.6% of AUM)NASDAQ: TNDM: $39.15 million (7.4% of AUM)NYSE: LEA: $38.28 million (7.2% of AUM)NYSE: FLS: $37.34 million (7.0% of AUM)As of Friday, MGRC shares were priced at $108.99, down 4% over the past year, and well underperforming the S&P 500, which is instead up about 28%.Company OverviewMetricValueRevenue (TTM)$947.36 millionNet Income (TTM)$155.13 millionDividend Yield1.8%Price (as of Friday)$108.99Company SnapshotMcGrath RentCorp offers relocatable modular buildings, portable storage containers, electronic test equipment, and liquid/solid containment tanks across four main segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex.The firm generates revenue primarily through rental and sales of modular buildings, storage solutions, and specialized equipment, targeting both recurring rental income and equipment sales to institutional and industrial clients.It serves diverse end-markets including education, construction, industrial, aerospace, defense, communications, and public sector entities in the United States and internationally.McGrath RentCorp is a leading business-to-business rental solutions provider with a diversified portfolio spanning modular buildings, electronic test equipment, and liquid containment systems. The company operates through four segments and generates revenue from both recurring rental income and equipment sales. The company serves a broad range of customers and offers specialized rental solutions in the rental and leasing services industry.
What this transaction means for investorsMcGrath shares have trailed the broader market over the past year despite the company continuing to expand its rental business and maintain one of the longest dividend growth streaks in its sector. The company has now increased its dividend for 35 straight years, and earlier this month, it secured a new $725 million credit facility that extends its financial flexibility through 2031.
First-quarter results, meanwhile, showed a business still moving in the right direction. Rental revenue rose 5% to $162.2 million, total revenue increased 2% to $198.5 million, and adjusted EBITDA remained relatively stable at $74.1 million. Management highlighted growth across all operating segments, with particularly strong demand at TRS-RenTelco, where rental revenue jumped 13% thanks in part to projects tied to new data center construction.
McGrath also reaffirmed its full-year outlook of up to $995 million in revenue and as much as $378 million in adjusted EBITDA despite economic uncertainty. If rental demand holds up, today's valuation may look more attractive than recent share performance suggests.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Globus Medical. The Motley Fool recommends Flowserve and McGrath RentCorp. The Motley Fool has a disclosure policy.
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’ declaration of a quarterly cash dividend of $0.495 per common share for the quarter ending June 30, 2026. The dividend will be payable on July 31, 2026 to all shareholders of record on July 17, 2026. The year 2026 marks 35 consecutive years that McGrath RentCorp has raised its dividend to shareholders.
ABOUT MCGRATH:
McGrath RentCorp (Nasdaq: MGRC) is a leading business-to-business rental company in North America with a strong record of profitable business growth. Founded in 1979, McGrath’s operations are centered on modular solutions through its Mobile Modular and Mobile Modular Portable Storage businesses. In addition, its TRS-RenTelco business offers electronic test equipment rental solutions. The Company’s rental product offerings and services are part of the circular supply economy, helping customers work more efficiently, and sustainably manage their environmental footprint. With over 45 years of experience, McGrath’s success is driven by a focus on exceptional customer experiences. This focus has underpinned the Company’s long-term financial success and supported 35 consecutive years of annual dividend increases to shareholders, a rare distinction among publicly listed companies.
McGrath is headquartered in Livermore, California. Additional information about McGrath and its businesses is available at mgrc.com and investors.mgrc.com.
