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McGrath RentCorp (MGRC) Company Profile

Updated Aug 5, 2020
McGrath RentCorp has the following business profile:
Company's Full Name:McGrath RentCorp
Short Name:McGrath RentCorp
Trading Ticker Symbol:MGRC
Primary Exchange:NASDAQ
Headquarter City/Country:California, CA
Primary Industry Sector:Technology
Seconday Sub-sector:Rental & Leasing Services
Main Business Areas: Technology, Diversified Commercial Services, Industrials, Rental & Leasing Services
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding McGrath RentCorp stock

Market and Trading Information for McGrath RentCorp

The following details were available for trading and market data about the stock of McGrath RentCorp as of writing:
Current Share Price:$59.36
Previous Year's Closing Price:$76.54
Percentage Price Change (YTD):-22.45%
Market Cap:$1.43 billion
52-week Price Range:$44.32 - $83.95
Dividend Per Share:$1.54
EPS (TTM):4.13
Price-Earnings (Trailing):14.38
Price-Earnings (Forward):14.84

Company Profile and Business Description for McGrath RentCorp

McGrath RentCorp, incorporated on March 27, 1979, is a diversified business-to-business rental company. The Company has four rental divisions: relocatable modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks and boxes. The Company operates through four business segments: modular building and portable storage segment (Mobile Modular); electronic test equipment segment (TRS-RenTelco); a subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and a subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex). The Mobile Modular business segment includes Mobile Modular Portable Storage division.

Mobile Modular

The Company's Mobile Modular business segment purchases modulars from manufacturers building to Mobile Modular's design specifications. Mobile Modular operates from regional sales and inventory centers in California, Texas, and Florida, serving geographic areas in these states, and sales offices serving North Carolina, Georgia, Maryland, Virginia and Washington, D.C. The California, Texas and Florida regional sales and inventory centers have in-house infrastructure and operational capabilities to support repair, modification, and refurbishment of equipment for the next rental opportunity.

The Mobile Modular segment maintains and repairs its rental equipment. When rental equipment returns from a customer, the necessary repairs and preventative maintenance are performed prior to its next rental. Mobile Modular builds regional sales and inventory centers and an installed customer base under a single overhead structure. In addition to operating its rental fleet, Mobile Modular sells modulars to customers.

TRS-RenTelco

As of December 31, 2016, the Company's TRS-RenTelco rented and sold electronic test equipment nationally and internationally from three facilities located in Grapevine, Texas (the Dallas facility), Dollard-des-Ormeaux, Canada (the Montreal facility) and Bangalore, Karnataka, India (the Bangalore facility). The Dallas facility, TRS-RenTelco's primary operating location, houses the electronic test equipment inventory, sales engineers, calibration laboratories, and operations staff for the United States and international business. The Montreal facility houses sales engineers and operations staff to serve the Canadian market. The Bangalore facility houses sales engineers and operations staff to serve the Indian market. Engineers, technicians and scientists utilize general purpose electronic test equipment in developing products, controlling manufacturing processes, completing field service applications and evaluating the performance of their own electrical and electronic equipment. These instruments are rented primarily to aerospace, defense, electronics, industrial, research and semiconductor industries.

Communications test equipment, including fiber optic test equipment, is utilized by technicians, engineers and installation contractors to evaluate voice, data and multimedia communications networks, to install fiber optic cabling, and in the development and manufacturing of transmission, network and wireless products. These instruments are rented primarily to manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians and service providers. TRS-RenTelco's general purpose test equipment rental inventory includes oscilloscopes, amplifiers, analyzers (spectrum, network and logic), signal source and power source test equipment. The communications test equipment rental inventory includes network and transmission test equipment for various fiber, copper and wireless networks. TRS-RenTelco also rents electronic test equipment from other rental companies and re-rents the equipment to customers. TRS-RenTelco markets its electronic test equipment throughout the United States, Canada, India and other countries.

Adler Tanks

The Company's Adler Tanks segment's rental inventory consists of tanks and boxes that are used for containment solutions to store hazardous and non-hazardous liquids and solids in applications, such as oil and gas exploration and field services, refinery, chemical and industrial plant maintenance, environmental remediation and field services, infrastructure building construction, marine services, pipeline construction and maintenance, tank terminals services, wastewater treatment, and waste management and landfill services. The tanks and boxes consist of products, such as fixed axle steel tanks (tanks) for the storage of groundwater, wastewater, volatile organic liquids, sewage, slurry and bio sludge, oil and water mixtures and chemicals, which are available in a range of sizes, including 21,000 gallon, 16,000 gallon and 8,000 gallon sizes, and vacuum containers (boxes), which provide containment of sludge and solid materials and may be used for additional on-site storage or for transporting materials off-site enabling vacuum trucks to remain in operation. The tanks and boxes also consist of products, such as dewatering boxes for the separation of water contained in sludge and slurry, and roll-off and trash boxes for the temporary storage, and transport of solid waste. Adler Tanks purchases tanks and boxes from various manufacturers located throughout the country.

Enviroplex

The Company's subsidiary, Enviroplex, manufactures modular buildings, which are used primarily as classrooms in California from its facility in Stockton, California (San Francisco Bay Area). Enviroplex provides classroom and specialty space needs serving public and private schools, colleges and universities. Enviroplex manufactures portable classrooms built to the requirements of the California Division of the State Architect (DSA) and sells directly to California public school districts and other educational institutions.

The Company competes with Electro Rent Corporation, Continental Resources, Microlease, TestEquity, BakerCorp, Rain For Rent, Williams Scotsman International, Inc. and Modspace, Inc.

5700 Las Positas Rd

ETFs Holding McGrath RentCorp Stock

As of March 2020, the following exchange-traded funds (ETF) hold the McGrath RentCorp stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have McGrath RentCorp stock holding. There are a total of 71 ETFs in Fknol.com records which are holding McGrath RentCorp stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
DGROiShares Core Dividend Growth ETFThe iShares Core Dividend Growth ETF tracks an index of US stocks that are selected by dividends, dividend growth and payout ratio, then weighted by dividend dollars. ...Full Details0.08%449
Full List
Quarterly
ESGVVanguard ESG US Stock ETFThe Vanguard ESG U.S. Stock ETF tracks a market-cap-weighted index of US companies screened for environmental, social, and corporate governance (ESG) criteria. ...Full Details0.12%988
Full List
Quarterly
EXTWisdomTree US Total Earnings ETFThe WisdomTree U.S. Total Earnings Fund tracks an index selected and weighted by earnings over the past four quarters. ...Full Details0.28%1233
Full List
Quarterly
FIDUFidelity MSCI Industrials Index ETFThe Fidelity MSCI Industrials Index ETF tracks a market-cap-weighted index of stocks in the broad US industrials sector. ...Full Details0.08%343
Full List
Quarterly
FNDBSchwab Fundamental US Broad Market Index ETFThe Schwab Fundamental U.S. Broad Market Index ETF tracks a fundamentally selected and weighted Russell Index based on sales, cash flow and dividends/buybacks. ...Full Details0.25%1481
Full List
Quarterly
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
Quarterly
IWViShares Russell 3000 ETFThe iShares Russell 3000 ETF tracks a cap-weighted index that measures the investable US equities market, covering the entire market-cap spectrum, including micro-caps. ...Full Details0.2%3002
Full List
Quarterly
PFMInvesco Dividend Achievers™ ETFThe Invesco Dividend Achievers Portfolio ETF tracks a market-cap-weighted index of dividend-paying US companies that have increased their annual dividends for 10 or more consecutive years. ...Full Details0.55%264
Full List
Quarterly
SCHBSchwab US Broad Market ETFThe Schwab U.S. Broad Market ETF tracks a cap-weighted index of the largest 2,500 stocks in the US. ...Full Details0.03%2365
Full List
Quarterly
VIGVanguard Dividend Appreciation ETFThe Vanguard Dividend Appreciation ETF tracks a market-cap-weighted index of US companies that have increased their annual dividends for 10 or more consecutive years. ...Full Details0.08%183
Full List
Quarterly

See Full List of ETFs holding McGrath RentCorp stock in their respective portfolios.

Peer / Competitor Companies of Rental & Leasing Services Sector

Along with McGrath RentCorp, the following other peer (competitor) companies also exist within the same Rental & Leasing Services - Technology sector whose company profile and dividend history is as follows:

▶ Aaron's (AAN): Aarons, Inc. (Aarons), incorporated on March 28, 1962, is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer ....See Detailed Company Profile,  Dividend History

▶ Air Lease (AL): Air Lease Corporation, incorporated on January 22, 2010, is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such ....See Detailed Company Profile,  Dividend History

▶ CAI International (CAI): CAI International, Inc., incorporated on January 30, 2007, is a transportation finance and logistics company. The Company purchases equipment, primarily intermodal shipping containers and railcars, which it leases to its ....See Detailed Company Profile,  Dividend History

▶ General Finance (GFN): General Finance Corporation, incorporated on October 14, 2005, is a specialty rental services company. The Company offers a range of portable storage units, including its core 20-feet and 40-feet steel ....See Detailed Company Profile,  Dividend History

▶ Rent-A-Center (RCII): Rent-A-Center, Inc., incorporated on November 26, 2002, is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers ....See Detailed Company Profile,  Dividend History

▶ Textainer (TGH): Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. It operates through thr....See Detailed Company Profile,  Dividend History

▶ Triton International (TRTN): Triton International Limited is a lessor of intermodal containers and chassis. The Company operates through two business segments: Equipment leasing and Equipment trading. The Company leases intermodal transportation equipment, primarily ....See Detailed Company Profile,  Dividend History

... See Full List of All Stocks of Rental & Leasing Services Sector.

Stock List of Other Technology Sub-sectors

▶ Stocks of Advertising Sector

▶ Stocks of Aerospace & Defense Sector

▶ Stocks of Application Software Sector

▶ Stocks of Auto Parts Sector

▶ Stocks of Business Services Sector

▶ Stocks of Communication Equipment Sector

▶ Stocks of Computer Communications Equipment Sector

▶ Stocks of Computer Hardware Sector

▶ Stocks of Computer Manufacturing Sector

▶ Stocks of Computer Peripheral Equipment Sector

▶ Stocks of Computer Software-Prepackaged Software Sector

▶ Stocks of Computer Software-Programming and Data Processing Sector

▶ Stocks of Consumer Electronics Sector

▶ Stocks of Credit Services Sector

▶ Stocks of Diversified Commercial Services Sector

▶ Stocks of EDP Services Sector

▶ Stocks of Education & Training Services Sector

▶ Stocks of Electrical Products Sector

▶ Stocks of Electronic Components Sector

▶ Stocks of Electronic Gaming & Multimedia Sector

▶ Stocks of Entertainment Sector

▶ Stocks of Health Information Services Sector

▶ Stocks of Industrial Machinery and Components Sector

▶ Stocks of Information Technology Services Sector

▶ Stocks of Infrastructure Software Sector

▶ Stocks of Internet Content & Information Sector

▶ Stocks of Professional Services Sector

▶ Stocks of Radio TV Broadcasting Sector

▶ Stocks of Retail Computer Software and Equipment Sector

▶ Stocks of Scientific & Technical Instruments Sector

▶ Stocks of Security & Protection Services Sector

▶ Stocks of Semiconductor Equipment & Materials Sector

▶ Stocks of Semiconductors Sector

▶ Stocks of Software Sector

▶ Stocks of Solar Sector

▶ Stocks of Specialty Industrial Machinery Sector

▶ Stocks of Staffing & Employment Services Sector

▶ Stocks of Technology Sector

▶ Stocks of Technology Services Sector

▶ Stocks of Telecommunications Equipment Sector


Stock List of Other Top-level Sectors

▶ Stocks of Sector

▶ Stocks of Basic Industries Sector

▶ Stocks of Basic Materials Sector

▶ Stocks of Capital Goods Sector

▶ Stocks of Communication Services Sector

▶ Stocks of Consumer Cyclical Sector

▶ Stocks of Consumer Defensive Sector

▶ Stocks of Consumer Discretionary Sector

▶ Stocks of Consumer Durables Sector

▶ Stocks of Consumer Non-Durables Sector

▶ Stocks of Consumer Services Sector

▶ Stocks of Energy Sector

▶ Stocks of Finance Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Health Care Sector

▶ Stocks of Healthcare Sector

▶ Stocks of Industrials Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Public Utilities Sector

▶ Stocks of Real Estate Sector

▶ Stocks of Services Sector

▶ Stocks of Technology Sector

▶ Stocks of Transportation Sector

▶ Stocks of Utilities Sector