McGrath Rentcorp chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 28.74
Dividend & Yield1.82$ (1.89%)
Beta 0.79
Market capitalization 2.36B
Operating cash flow 192.75M
ESG Scores unknown

Company description

McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, electronic test equipment and related accessories, and liquid and solid containment tanks and boxes. The company operates through four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. The Mobile Modular segment rents and sells modular buildings designed for use as classrooms, temporary offices adjacent to existing facilities, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, office spaces, and various other purposes; and portable storage containers. The TRS-RenTelco segment rents and sells general purpose electronic test equipment, such as oscilloscopes, amplifiers, analyzers, signal source, and power source test equipment primarily to aerospace, defense, electronics, industrial, research, and semiconductor industries. It also provides communications test equipment, including network and transmission test equipment for various fiber, copper, and wireless networks to the manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians, and service providers. The Adler Tanks segment rents fixed axle steel tanks for storing groundwater, wastewater, volatile organic liquids, sewage, slurry and bio sludge, oil and water mixtures, and chemicals; vacuum containers for sludge and solid materials; dewatering boxes for the separation of water contained in sludge and slurry; and roll-off and trash boxes for temporary storage and transportation of solid waste. The Enviroplex segment manufactures and sells portable classrooms directly to public school districts and other educational institutions in California. The company was incorporated in 1979 and is headquartered in Livermore, California.

Sector: Industrials - Industry: Rental & Leasing Services

Financial Ratios
Quick Ratio1.57
Working Capital1.2
Return On Equity0.12
Debt To Equity0.58
Fixed Asset Ratio0.03
Fixed Interest Cover12.86

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 20.68M 37.04M -10.87M 47.66M
Total Cashflows From Investing Activities -104.49M -143.14M -53M -351.7M
Net Borrowings -4.87M -5.14M -70.69M 203.73M
Total Cash From Financing Activities -39.07M -44.02M -128.45M 156.2M
Change To Operating Activities -9.35M -13.53M 3.81M -6.82M
Issuance Of Stock
Net Income 79.41M 96.81M 101.98M 89.7M
Change In Cash -993k 834k -1.1M 253k
Effect Of Exchange Rate -102k -156k -156k 4k
Total Cash From Operating Activities 142.67M 187.99M 180.5M 195.74M
Depreciation 8.84M 9.09M 8.78M 14.81M
Change To Account Receivables -15.72M -7.32M 3.44M -24.4M
Other Cashflows From Financing Activities
Change To Netincome -14.34M -14.49M -12.52M -17.11M
Capital Expenditures -96.95M -135.34M -53M -59.49M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 104.69M 129.12M 132.04M 121.76M
Net Income 79.41M 96.81M 101.98M 89.7M
Selling General Administrative 115.17M 123.79M 121.69M 146.1M
Gross Profit 233.29M 266.17M 263.75M 281.02M
Ebit 117.52M 141.37M 140.75M 134.42M
Operating Income 117.52M 141.37M 140.75M 134.42M
Interest Expense -12.3M -12.33M -8.79M -10.46M
Income Tax Expense 25.29M 32.32M 30.06M 32.05M
Total Revenue 498.33M 570.23M 572.55M 616.83M
Cost Of Revenue 265.04M 304.06M 308.81M 335.81M
Total Other Income ExpenseNet -12.82M -12.25M -8.71M -12.66M
Net Income From Continuing Ops 79.41M 96.81M 101.98M 89.7M
Net Income Applicable To Common Shares 79.41M 96.81M 101.98M 89.7M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 645.78M 675.84M 593.14M 863.9M
Total Stockholder Equity 571.53M 634.04M 682.6M 732.02M
Other Current Liabilities
Total Assets 1.22B 1.31B 1.28B 1.6B
Common Stock 103.8M 106.36M 106.29M 108.61M
Other Current Assets
Retained Earnings 467.78M 527.75M 576.42M 623.47M
Treasury Stock -49k -70k -104k -54k
Cash 1.51M 2.34M 1.24M 1.49M
Total Current Liabilities 90.84M 99.27M 108.33M 130.46M
Other Stockholder Equity -49k -70k -104k -54k
Property, Plant, and Equipment 126.9M 140.95M 144.51M 146.32M
Total Current Assets 154.34M 165.9M 157.8M 204.94M
Net Tangible Assets 536.47M 598.5M 647.29M 552.58M
Net Receivables 121.02M 128.1M 123.32M 159.5M
Accounts Payable 90.84M 99.27M 108.33M 124.76M


Insider Transactions

Here are the insider transactions of stock shares related to McGrath Rentcorp:

Filer Name Transaction Text Ownership Date Filer Relation Shares
HAWKINS PHILIP BConversion of Exercise of derivative security at price 24.60 per share.D2022-09-12Officer4.48k
STRADFORD DENNIS PSale at price 83.20 per share.D2022-06-02Director1k
WESCOTT TARAD2022-05-31Officer957
HANNA JOSEPH FConversion of Exercise of derivative security at price 24.60 per share.D2022-05-24Chief Executive Officer35.3k
FETTER ELIZABETH ASale at price 82.15 per share.D2022-05-23Director1.4k
HANNA JOSEPH FConversion of Exercise of derivative security at price 24.60 per share.D2022-05-18Chief Executive Officer30k
PRATT KEITH EConversion of Exercise of derivative security at price 24.60 per share.D2022-05-11Chief Financial Officer16.52k
SKENESKY JOHN PSale at price 81.74 per share.D2022-05-09Officer2k
CRAFT MELODIED2022-05-02Officer340
STRADFORD DENNIS PD2022-04-01Director1.5k
FETTER ELIZABETH AD2022-04-01Director1.5k
SHUSTER BRADLEY MIZED2022-04-01Director1.5k
DAWSON WILLIAM JD2022-04-01Director1.5k
SMITH MORRIS RICHARDD2022-04-01Director1.5k
BOX KIMBERLY ANND2022-04-01Director1.5k
CONJEEVARAM SMITAD2022-04-01Director1.5k
WHITNEY DAVID MConversion of Exercise of derivative security at price 24.60 per share.D/I2022-03-15Officer8.73k
VAN TREASE KRISTINA EConversion of Exercise of derivative security at price 24.60 per share.D/I2022-03-15Officer8.73k
SKENESKY JOHN PConversion of Exercise of derivative security at price 24.60 - 34.57 per share.D2022-03-14Officer5.66k
HAWKINS PHILIP BSale at price 83.42 per share.D2022-03-11Officer10.86k
PRATT KEITH ED2022-03-02Chief Financial Officer3.2k
HANNA JOSEPH FD2022-03-02Chief Executive Officer6.04k
WHITNEY DAVID MD/I2022-03-02Officer2.34k
VAN TREASE KRISTINA ED/I2022-03-02Officer2.34k
HAWKINS PHILIP BD2022-03-02Officer1.68k
SKENESKY JOHN PD2022-03-02Officer1.42k
LIEFFRIG JOHND2022-03-02Officer1.18k
PORTER STUART TEMPLETOND2022-03-02Officer840
PRATT KEITH ED2022-02-28Chief Financial Officer7.67k
HANNA JOSEPH FD2022-02-28Chief Executive Officer17.95k
WHITNEY DAVID MD/I2022-02-28Officer3.68k
VAN TREASE KRISTINA ED/I2022-02-28Officer3.68k
HAWKINS PHILIP BD2022-02-28Officer5.13k
SKENESKY JOHN PD2022-02-28Officer2.76k
LIEFFRIG JOHND2022-02-28Officer2.98k
CRAFT MELODIED2022-02-28Officer3.53k
PORTER STUART TEMPLETOND2022-02-28Officer518
PRATT KEITH ED2022-02-25Chief Financial Officer1.02k
HANNA JOSEPH FD2022-02-25Chief Executive Officer5.88k
WHITNEY DAVID MD/I2022-02-25Officer886
VAN TREASE KRISTINA ED/I2022-02-25Officer886
HAWKINS PHILIP BD2022-02-25Officer639
HAWKINS PHILIP BD2022-02-25Officer639
SKENESKY JOHN PD2022-02-25Officer513
LIEFFRIG JOHND2022-02-25Officer426
CRAFT MELODIED2022-02-25Officer586
WESCOTT TARAD2022-02-25Officer383
PORTER STUART TEMPLETOND2022-02-25Officer213
LIEFFRIG JOHNSale at price 84.40 per share.D2021-06-11Officer1.7k
LIEFFRIG JOHNConversion of Exercise of derivative security at price 31.97 - 34.57 per share.D2021-06-01Officer5.21k
WESCOTT TARAD2021-06-01Officer956

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to McGrath Rentcorp. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on McGrath Rentcorp

Here is the result of two systematic investment strategies applied to McGrath Rentcorp. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on McGrath Rentcorp

The following chart shows the equity curve of the two systematic investment strategies applied to McGrath Rentcorp:

McGrath Rentcorp automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 14.86% on the backtest period.

Performance at glance

Performance

14.86 %

Latent gain

327.08 $

Invested capital

2201.32 $

Annualized return

3.59 %
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Momentum strategy results on McGrath Rentcorp

This is the result of two momentum investment strategies applied to McGrath Rentcorp. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on McGrath Rentcorp

The following chart shows all the entries opened by the momentum investment system on McGrath Rentcorp:

McGrath Rentcorp momentum entries
  • The first momentum investment strategy would give 21.93% of return on McGrath Rentcorp. That represents 1052.27$ of latent gain with 4799.17$ of employed capital.
  • The second momentum investment strategy would give 33.39% of return on McGrath Rentcorp. That represents 994.53$ of latent gain with 2978.67$ of employed capital.
Performance at glance (1Q Momentum)

Performance

21.93 %

Latent gain

1052.27 $

Invested capital

4799.17 $

Annualized return

3.14 %
Performance at glance (2Q Momentum)

Performance

33.39 %

Latent gain

994.53 $

Invested capital

2978.67 $

Annualized return

9.12 %

Momentum equity curve on McGrath Rentcorp

The following chart shows the equity curve of the two momentum strategies applied to McGrath Rentcorp:

McGrath Rentcorp momentum equity

Note: the dividends potentially given by McGrath Rentcorp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on McGrath Rentcorp

The following chart shows the employed capital evolution of the two momentum strategies on McGrath Rentcorp since the beginning:

McGrath Rentcorp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on McGrath Rentcorp

Buy the dip entry openings on McGrath Rentcorp

McGrath Rentcorp

The performance achieved by the robo-advisor on McGrath Rentcorp is 6.71%. That represents 86.27$ of latent gain with 1286.29$ of employed capital. The following chart shows McGrath Rentcorp stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of McGrath Rentcorp, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

6.71 %

Latent gain

86.27 $

Invested capital

1286.29 $

Annualized return

3.14 %

Equity curve of the strategy applied to McGrath Rentcorp

The following chart shows the result of the investment strategy applied to McGrath Rentcorp:

McGrath Rentcorp

Note: the dividends potentially given by McGrath Rentcorp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on McGrath Rentcorp

The following chart shows the employed capital evolution since the beginning of the investment strategy on McGrath Rentcorp:

McGrath Rentcorp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on McGrath Rentcorp

In this section, I will compare the three previous investment strategies applied to McGrath Rentcorp.

Equity curve comparison on McGrath Rentcorp

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

McGrath Rentcorp investment strategy comparison

Employed capital comparison on McGrath Rentcorp

McGrath Rentcorp investment comparison

Performance comparison on McGrath Rentcorp

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 14.86% 327.08$ 2201.32$ 3.59%
Momentum 1 quarter 21.93% 1052.27$ 4799.17$ 5.62%
Momentum 2 quarters 33.39% 994.53$ 2978.67$ 9.12%
Non-directional 6.71% 86.27$ 1286.29$ 3.14%
Annualized return comparison

Automatic investment

3.59 %

Momentum 1Q

9.12 %

Momentum 2Q

9.12 %

Non-directional

3.14 %

Correlated stocks

Here are the most positively and negatively correlated stocks with McGrath Rentcorp:

Positive correlations

Most correlated stocks this year

  • McGrath Rentcorp

  • Most correlated stocks last 3 months

  • Bridgewater Bancshares Inc
  • Agilysys Inc
  • National Vision Holdings Inc
  • Heartland Financial USA Inc
  • First Internet Bancorp
  • BJ`s Restaurant Inc
  • Texas Roadhouse Inc
  • WideOpenWest Inc
  • CHS Inc
  • McGrath Rentcorp
  • Mechel PJSC
  • CMS Energy Corporation
  • CrossAmerica Partners LP
  • TPG RE Finance Trust Inc
  • Stifel Financial Corp
  • Prosperity Bancshares Inc
  • Texas Capital Bancshares Inc
  • Enova International Inc
  • Globe Life Inc
  • RE/MAX Holdings Inc - Class A
  • KB Home
  • Caci International Inc
  • PJT Partners Inc - Class A
  • Performance Food Group Company
  • Allstate Corp (The)
  • iShares Trust iShares Preferred and Income Securit
  • American Express Company
  • Cowen Inc
  • TopBuild Corp
  • Tennessee Valley Authority
  • BMO LOW VOLATILITY US EQUITY ETF CAD
  • Mercury General Corp
  • PTC Inc
  • KKR Real Estate Finance Trust Inc
  • Two Harbors Investment Corp
  • Great Ajax Corp
  • ALTUS GROUP LIMITED
  • Four Corners Property Trust Inc
  • MFS Charter Income Trust
  • Algonquin Power & Utilities Corp
  • Thomson-Reuters Corp
  • Monarch Casino & Resort Inc
  • First Trust Utilities AlphaDEX Fund
  • FIRM CAPITAL MORTGAGE INV. CORP.
  • Spirit Realty Capital Inc
  • Bank of James Financial Group Inc
  • Controladora Vuela Cia De Aviacion
  • SS&C Technologies Holdings Inc
  • ALGONQUIN POWER AND UTILITIES CORP.
  • Chesapeake Utilities Corp
  • BlackRock Utility Infrastructure & Power Opportuni
  • WSP GLOBAL INC
  • TC Energy Corporation
  • HYDRO ONE LIMITED
  • Deckers Outdoor Corp
  • AGNC Investment Corp Depositary Shares Each Repres
  • Plymouth Industrial Reit Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between McGrath Rentcorp and the other stocks. There may be false positives or some missing correlated stocks. If the price of McGrath Rentcorp does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name McGrath Rentcorp
    Country United States
    City Livermore
    Address 5700 Las Positas Road
    Phone 925 606 9200
    Website www.mgrc.com
    FullTime employees 1184
    Industry Rental & Leasing Services
    Sector Industrials
    Exchange XNAS
    Ticker MGRC
    Market www.nasdaq.com

    McGrath Rentcorp ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown