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.
