McGrath RentCorp 株価情報 (NASDAQ: MGRC)

最新ニュース McGrath RentCorp (NASDAQ:MGRC) 株価情報

McGrath RentCorp

McGrath RentCorp is a rental company. It is comprised of four reportable business segments: Modular building and portable storage segment (Mobile Modular), Electronic test equipment segment (TRS-RenTelco), Containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks) and Classroom manufacturing division selling modular classrooms in California (Enviroplex). The company generates its revenues majorily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.

Oppenheimer analyst Scott Schneeberger maintains McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>) with a Outperform and raises the price target from $124 to $139.

News

Price Target

Analyst Ratings

MGRC

Oppenheimer Maintains Outperform on McGrath RentCorp, Raises Price Target to $139

Disclosed on October 30, William Dawson, Board Member at McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: Dawson's decision to sell 20,000 shares of McGrath RentCorp was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000752714/000075271424000034//Archives/edgar/data/752714/000075271424000034/0000752714-24-000034-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $2,300,052.
As of Thursday morning, McGrath RentCorp shares are down by 0.0%, currently priced at $116.26.
<h3>Get to Know McGrath RentCorp Better</h3>
McGrath RentCorp is a rental company. It is comprised of four reportable business segments: Modular building and portable storage segment (Mobile Modular), Electronic test equipment segment (TRS-RenTelco), Containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks) and Classroom manufacturing division selling modular classrooms in California (Enviroplex). The company generates its revenues majorily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.
<h3>Breaking Down McGrath RentCorp's Financial Performance</h3>
Revenue Growth: McGrath RentCorp's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 9.55%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 46.48%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 6.08, McGrath RentCorp showcases strong earnings per share.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.56.
Valuation Analysis:
<ul>
<li>
Price to Earnings (P/E) Ratio: McGrath RentCorp's P/E ratio of 12.82 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 3.24 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 7.51, McGrath RentCorp's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>Exploring the Significance of Insider Trading</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000752714">Check Out The Full List Of McGrath RentCorp's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

McGrath RentCorp Insider Trades Send A Signal

David Whitney, VP at McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>), reported an insider sell on October 31, according to a new SEC filing. 
What Happened: After conducting a thorough analysis, Whitney sold 5,176 shares of McGrath RentCorp. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000752714/000075271424000037//Archives/edgar/data/752714/000075271424000037/0000752714-24-000037-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total transaction value is $605,581.
The latest market snapshot at Thursday morning reveals McGrath RentCorp shares down by 0.0%, trading at $116.26.
<h3>Unveiling the Story Behind McGrath RentCorp</h3>
McGrath RentCorp is a rental company. It is comprised of four reportable business segments: Modular building and portable storage segment (Mobile Modular), Electronic test equipment segment (TRS-RenTelco), Containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks) and Classroom manufacturing division selling modular classrooms in California (Enviroplex). The company generates its revenues majorily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.
<h3>McGrath RentCorp: Delving into Financials</h3>
Revenue Growth: Over the 3 months period, McGrath RentCorp showcased positive performance, achieving a revenue growth rate of 9.55% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 46.48%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): McGrath RentCorp's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 6.08.
</li>
</ul>
Debt Management: McGrath RentCorp's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.56.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 12.82 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 3.24 is above industry norms, reflecting an elevated valuation for McGrath RentCorp's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio of 7.51 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Cracking Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000752714">Check Out The Full List Of McGrath RentCorp's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

VP Of McGrath RentCorp Makes $605K Sale

Making a noteworthy insider sell on October 31, Kristina Van Trease Whitney, Chief Strategy Officer at McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>), is reported in the latest SEC filing.
What Happened: Whitney's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000752714/000075271424000038//Archives/edgar/data/752714/000075271424000038/0000752714-24-000038-index.htm">U.S. Securities and Exchange Commission</a> on Thursday unveiled the sale of 5,176 shares of McGrath RentCorp. The total transaction value is $605,581.
Tracking the Thursday's morning session, McGrath RentCorp shares are trading at $116.26, showing a down of 0.0%.
<h3>All You Need to Know About McGrath RentCorp</h3>
McGrath RentCorp is a rental company. It is comprised of four reportable business segments: Modular building and portable storage segment (Mobile Modular), Electronic test equipment segment (TRS-RenTelco), Containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks) and Classroom manufacturing division selling modular classrooms in California (Enviroplex). The company generates its revenues majorily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.
<h3>Financial Milestones: McGrath RentCorp's Journey</h3>
Revenue Growth: McGrath RentCorp displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 9.55%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 46.48%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): McGrath RentCorp's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 6.08.
</li>
</ul>
Debt Management: McGrath RentCorp's debt-to-equity ratio is below the industry average. With a ratio of 0.56, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 12.82 is lower than the industry average, implying a discounted valuation for McGrath RentCorp's stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 3.24, McGrath RentCorp's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): McGrath RentCorp's EV/EBITDA ratio, lower than industry averages at 7.51, indicates attractively priced shares.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Understanding the Significance of Insider Transactions</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000752714">Check Out The Full List Of McGrath RentCorp's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

McGrath RentCorp Chief Strategy Officer Sold $605K In Company Stock

Oppenheimer analyst Scott Schneeberger maintains McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>) with a Outperform and raises the price target from $120 to $124.

Oppenheimer Maintains Outperform on McGrath RentCorp, Raises Price Target to $124

<h3>Gainers</h3>
<ul>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) shares increased by 64.8% to $1.73 during Friday's pre-market session. The market value of their outstanding shares is at $3.5 million. </li>
<li>Expion360 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) stock increased by 39.48% to $4.91. The company's market cap stands at $2.7 million. </li>
<li>McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>) stock increased by 13.09% to $118.99. The market value of their outstanding shares is at $2.9 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Booz Allen Hamilton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) stock increased by 12.27% to $187.0. The company's market cap stands at $24.1 billion. As per the press release, Q2 earnings came out today. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) stock moved upwards by 12.2% to $0.35. The market value of their outstanding shares is at $5.6 million. </li>
<li>Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) stock increased by 11.98% to $2.71. The market value of their outstanding shares is at $296.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Joby Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) stock declined by 16.4% to $5.05 during Friday's pre-market session. The market value of their outstanding shares is at $3.6 billion. </li>
<li>GEE Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/JOB#AMEX">JOB</a>) stock declined by 9.34% to $0.24. The market value of their outstanding shares is at $25.5 million. </li>
<li>Comfort Systems USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) stock decreased by 8.58% to $378.0. The company's market cap stands at $13.4 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) stock declined by 8.56% to $3.1. The market value of their outstanding shares is at $2.1 million. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) stock declined by 8.05% to $7.33. The company's market cap stands at $5.5 million. </li>
<li>Jet AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NASDAQ">JTAI</a>) stock decreased by 5.18% to $0.08. The market value of their outstanding shares is at $6.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

EFSH

JOBY

JTAI

SAVE

SGBX

SPPL

XPON

ZCAR

12 Industrials Stocks Moving In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) shares rose 64.8% to $1.73 during Friday's pre-market session. The company's market cap stands at $3.5 million. </li>
<li>Expion360 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) stock moved upwards by 39.48% to $4.91. The company's market cap stands at $2.7 million. </li>
<li>McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>) shares rose 13.09% to $118.99. The market value of their outstanding shares is at $2.9 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Booz Allen Hamilton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) stock increased by 12.27% to $187.0. The company's market cap stands at $24.1 billion. As per the press release, Q2 earnings came out today. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares rose 12.2% to $0.35. The company's market cap stands at $5.6 million. </li>
<li>Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) shares rose 11.98% to $2.71. The market value of their outstanding shares is at $296.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Joby Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) shares decreased by 16.4% to $5.05 during Friday's pre-market session. The company's market cap stands at $3.6 billion. </li>
<li>GEE Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/JOB#AMEX">JOB</a>) shares declined by 9.34% to $0.24. The market value of their outstanding shares is at $25.5 million. </li>
<li>Comfort Systems USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) stock declined by 8.58% to $378.0. The company's market cap stands at $13.4 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) stock decreased by 8.56% to $3.1. The market value of their outstanding shares is at $2.1 million. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) shares declined by 8.05% to $7.33. The company's market cap stands at $5.5 million. </li>
<li>Jet AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NASDAQ">JTAI</a>) shares decreased by 5.18% to $0.08. The market value of their outstanding shares is at $6.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

WIIM

McGrath RentCorp shares are trading higher after the company reported better-than-expected Q3 sales results.

<h3>Gainers</h3>
<ul>
<li>Smart Powerr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREG#NASDAQ">CREG</a>) stock increased by 33.3% to $1.0 during Thursday's after-market session. The market value of their outstanding shares is at $8.7 million. </li>
<li>Antelope Ent Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) stock moved upwards by 16.81% to $0.49. The market value of their outstanding shares is at $7.2 million. </li>
<li>McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>) stock moved upwards by 13.01% to $118.91. The company's market cap stands at $2.9 billion. The company's, Q3 earnings came out today. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) stock moved upwards by 5.52% to $0.66. The company's market cap stands at $2.8 million. </li>
<li>L3Harris Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) stock moved upwards by 4.43% to $255.0. The market value of their outstanding shares is at $48.3 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Performance Shipping (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSHG#NASDAQ">PSHG</a>) stock rose 3.88% to $2.14. The company's market cap stands at $26.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) shares declined by 8.6% to $3.1 during Thursday's after-market session. The market value of their outstanding shares is at $2.1 million. </li>
<li>Expion360 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) stock decreased by 7.11% to $3.27. The market value of their outstanding shares is at $1.8 million. </li>
<li>Joby Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) shares fell 5.97% to $5.68. The company's market cap stands at $4.0 billion. </li>
<li>GrafTech International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>) stock decreased by 4.95% to $1.73. The company's market cap stands at $444.8 million. </li>
<li>Paycor HCM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYCR#NASDAQ">PYCR</a>) shares decreased by 4.2% to $13.71. The company's market cap stands at $2.4 billion. </li>
<li>SOS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOS#NYSE">SOS</a>) stock declined by 4.12% to $0.85. The company's market cap stands at $16.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AEHL

BURU

CREG

PSHG

PYCR

12 Industrials Stocks Moving In Thursday's After-Market Session

McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>) reported quarterly earnings of $1.87 per share. The company reported quarterly sales of $266.76 million which beat the analyst consensus estimate of $227.76 million by 17.12 percent. This is a 9.55 percent increase over sales of $243.51 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

McGrath RentCorp Q3 2024 Adj EPS $1.87, Sales $266.76M Beat $227.76M Estimate

Oppenheimer analyst Scott Schneeberger reinstates McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>) with a Outperform and announces $120 price target.

Initiation

Oppenheimer Reinstates Outperform on McGrath RentCorp, Announces $120 Price Target

McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>) shares are trading lower on Wednesday after the company announced the termination of its merger with WillScot Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSC#NASDAQ">WSC</a>).
In January, WillScot Mobile Mini inked a deal to acquire McGrath <a href="https://www.benzinga.com/markets/equities/24/01/36823928/why-b2b-rental-company-mcgrath-rentcorp-shares-are-surging-premarket-monday" target="_blank" rel="noreferrer noopener">RentCorp for $3.8 billion</a>. That time, McGrath's shareholders were offered for each of their shares either $123.00 in cash or 2.8211 shares of WillScot Mobile Mini common shares.
Today, WillScot and McGrath mutually agreed to terminate the transaction after jointly determining that there was no commercially viable way to meet the necessary regulatory requirements.
WillScot&nbsp;said despite months of thorough engagement with the U.S. Federal Trade Commission (FTC), it became clear in recent weeks that achieving regulatory approval would be overly burdensome and would hinder the execution of other value-creating initiatives.
As per the agreement, McGrath will receive a termination fee of $180 million.
Brad Soultz, Chief Executive Officer of WillScot stated, &#8220;While we are disappointed with this process, we are confident in our strategy and there are numerous opportunities to continue reinvesting in our business to deliver sustainable growth and returns over time.&#8221;
&#8220;Through our investments in product innovation and adjacent offerings, we are introducing new alternatives for customers in the marketplace. These commercial and operational initiatives represent over $1 billion of prospective Adjusted EBITDA growth potential. When combined with the natural resilience and predictability of our lease portfolio, this gives us multi-year visibility and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40916827/willscot-and-mcgrath-rentcorp-mutually-agree-to-terminate-previously-announced-combination" rel="noreferrer noopener">conviction in our long-term outlook.</a>&#8220;
McGrath&#8217;s Board has approved an increase in the common stock repurchase plan to 2 million shares.
Meanwhile, WillScot&#8217;s Board of Directors announced the expansion of its existing share repurchase program to $1 billion.
As of June-end, WillScot&#8217;s cash and cash equivalents stood at $5.92 billion.
Price Action: MGRC shares are down 2.53% at $99.60 and WSC is down 3.7% at $38.67 at the last check Wednesday.
Photo via Shutterstock
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Equities

Mid Cap

Buybacks

WillScot And McGrath Scrap Merger Amid Regulatory Hurdles; Pivot To Stock Buybacks

McGrath RentCorp shares are trading lower after the company announced the termination of its merger with WillScot.

McGrath Confirms Termination Of Merger With WillScot, Receives $180M Termination Fee, And Increases Share Repurchase Authorization To 2M Shares; Will Provide Business And Financial Updates During Q3 Earnings Call On October 24, 2024

McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>) reported quarterly earnings of $0.84 per share which missed the analyst consensus estimate of $1.10 by 23.64 percent. The company reported quarterly sales of $212.600 million which beat the analyst consensus estimate of $210.234 million by 1.13 percent. This is a 4.71 percent increase over sales of $203.030 million the same period last year.

McGrath RentCorp Q2 2024 GAAP EPS $0.84 Misses $1.10 Estimate, Sales $212.600M Beat $210.234M Estimate

McGrath (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgrc#NASDAQ">MGRC</a>) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company&#39;s changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
As such, the Zacks rating upgrade for McGrath is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company&#39;s future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That&#39;s partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company&#39;s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for McGrath imply an improvement in the company&#39;s underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate Revisions
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Earnings Estimate Revisions for McGrath
This business-to-business rental company is expected to earn $5.50 per share for the fiscal year ending December 2024, which represents a year-over-year change of 20.6%.
Analysts have been steadily raising their estimates for McGrath. Over the past three months, the Zacks Consensus Estimate for the company has increased 1.5%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of &#39;buy&#39; and &#39;sell&#39; ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of McGrath to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
<a href="https://www.zacks.com/stock/news/2289366/mcgrath-mgrc-upgraded-to-buy-here-s-why?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2289366">To read this article on Zacks.com click here.</a>

Upgrades

Markets

McGrath Upgraded to Buy: Here's Why

McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>), a leading business-to-business rental company, today announced that it will hold a special meeting of its shareholders ("Special Meeting") on Thursday, July 11, 2024 to vote on the previously announced proposed acquisition by WillScot Mobile Mini (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSC#NASDAQ">WSC</a>) and other related proposals.

Management

McGrath Sets Thursday, July 11, 2024 For Special Meeting Of Shareholders To Vote On Acquisition By WillScot Mobile Mini

McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>) reported quarterly earnings of $0.93 per share which beat the analyst consensus estimate of $0.73 by 27.4 percent. This is a 97.87 percent increase over earnings of $0.47 per share from the same period last year. The company reported quarterly sales of $187.827 million which beat the analyst consensus estimate of $172.078 million by 9.15 percent. This is a 14.73 percent increase over sales of $163.718 million the same period last year.

McGrath RentCorp Q1 2024 GAAP EPS $0.93 Beats $0.73 Estimate, Sales $187.827M Beat $172.078M Estimate

The Company also announced that the board of directors declared a cash dividend of $0.475 per share for the upcoming quarter ending March 31, 2024, a quarterly increase of $0.01, or 2%, over the prior year period. The cash dividend will be payable on April 30, 2024 to all shareholders of record on April 16, 2024. This marks 33 consecutive years the Company has increased its annual dividend.

Dividends

McGrath RentCorp Increases Quarterly Dividend From $0.465 To $0.475 Per Share

McGrath RentCorp GAAP EPS of $6.08 beats by $2.23, revenue of $266.8M beats by $39.04M

Check out this evening's top movers from around Wall Street, compiled by The Fly.&nbsp;&nbsp; HIGHER AFTER EARNINGS – McGrath RentCorp (MGRC)&nbsp;...

Closing Bell Movers: Deckers up 12% after earnings beat

McGrath RentCorp (MGRC) Q3 2024 Earnings Call Transcript

McGrath RentCorp 2024 Q3 - Results - Earnings Call Presentation

Dividend Champion, Contender, And Challenger Highlights: Week Of October 27

In a regulatory filing, McGrath RentCorp (MGRC) VP John Skenesky disclosed the sale of 5,000 common shares of the company on November 1 at a price ...

McGrath RentCorp exec Skenesky sells 5,000 common shares

Meetings to be held November 18-19 hosted by Oppenheimer. Published first on TheFly – the ultimate source for real-time, market-moving breaking fin...

McGrath RentCorp management to meet with Oppenheimer

Oppenheimer analyst Scott Schneeberger maintained a Buy rating on Mcgrath Rentcorp (MGRC – Research Report) today and set a price target of $139.00...

Mcgrath Rentcorp (MGRC) Gets a Buy from Oppenheimer

Oppenheimer analyst Scott Schneeberger raised the firm's price target on McGrath RentCorp (MGRC) to $139 from $124 and keeps an Outperform rating o...

McGrath RentCorp price target raised to $139 from $124 at Oppenheimer

3 'Buy' stocks and 2 'Hold' stocks according to Oppenheimer

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Press Releases

McGrath Sets Second Quarter 2024 Financial Results Date and Time

McGrath Announces Results for Second Quarter 2024

WillScot Reports Second Quarter 2024 Results

McGrath Announces Board Leadership Update

McGrath Declares Quarterly Dividend

WillScot and McGrath RentCorp Mutually Agree to Terminate Previously Announced Combination

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