McGrath RentCorp (NASDAQ:MGRC) Stock, Quote.Headers.trade-ideas

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.

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MGRC

McGrath, WillScot announced termination of merger. WillScot&#39;s Board expands repurchase program to $1B. McGrath will receive $180 million termination fee from WillScot.

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

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McGrath (NASDAQ: MGRC) 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.

McGrath Upgraded to Buy: Here&#39;s Why

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U.S. stocks traded mixed, with the Dow Jones trading slightly lower on Monday.

Shares of  SoFi Technologies, Inc. (NASDAQ: SOFI) rose sharply during Monday’s session after the company reported better-than-expected fourth-quarter revenue.

SoFi Technologies Posts Q4 Earnings, Joins Cardlytics, McGrath RentCorp And Other Big Stocks Moving Higher On Monday

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.

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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WIIM

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.

Earnings Beats

Earnings Misses

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>

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 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>) reported its Q4 earnings results on Wednesday, February 21, 2024 at 04:01 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
McGrath RentCorp missed estimated earnings by 4.41%, reporting an EPS of $1.3 versus an estimate of $1.36.
Revenue was up $10.71 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.4 which was followed by a 5.32% increase in the share price the next day.
Here's a look at McGrath RentCorp's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.25</td>
<td>0.99</td>
<td>0.83</td>
<td>1.38</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.65</td>
<td>1.14</td>
<td>0.47</td>
<td>1.62</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>214.58M</td>
<td>194.58M</td>
<td>158.45M</td>
<td>201.16M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>243.51M</td>
<td>203.03M</td>
<td>163.72M</td>
<td>210.88M</td>
</tr>
</tbody>
</table>

To track all earnings releases for McGrath RentCorp <a href="https://www.benzinga.com/quote/MGRC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

McGrath RentCorp: Q4 Earnings Insights

McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>) reported quarterly earnings of $1.30 per share which beat the analyst consensus estimate of $1.21 by 7.44 percent. This is a 9.09 percent decrease over earnings of $1.43 per share from the same period last year. The company reported quarterly sales of $221.59 million which beat the analyst consensus estimate of $214.42 million by 3.34 percent. This is a 5.08 percent increase over sales of $210.88 million the same period last year.

McGrath RentCorp Q4 2023 GAAP EPS $1.30 Beats $1.21 Estimate, Sales $221.59M Beat $214.42M Estimate

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Earnings Scheduled For February 21, 2024

U.S. stocks traded mixed, with the Dow Jones trading slightly lower on Monday.
Shares of SoFi Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sofi#NASDAQ">SOFI</a>) rose sharply during Monday&rsquo;s session after the company reported better-than-expected fourth-quarter revenue.
Adjusted revenue increased 34% year-on-year to $594.25 million, beating the consensus of $571.70 million. The adjusted EPS of 2 cents beat the consensus of 0 cents.
SoFi Technologies shares gained 20% to $9.16 on Monday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Cardlytics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdlx#NASDAQ">CDLX</a>) shares jumped 28% to $7.40 after the company announced it entered into a settlement agreement with SRS and updated preliminary fourth-quarter 2023 results.</li>
<li>Lucid Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lcid#NASDAQ">LCID</a>) climbed 23% to $3.2703.</li>
<li>Fisker Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsr#NYSE">FSR</a>) rose 12.8% to $0.9063.</li>
<li>Evolus, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eols#NASDAQ">EOLS</a>) climbed 12.4% to $13.41 after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price target from $10 to $16.</li>
<li>Tarsus Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tars#NASDAQ">TARS</a>) rose 10.2% to $28.43.</li>
<li>McGrath RentCorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgrc#NASDAQ">MGRC</a>) gained 9.7% to $122.60 after WillScot Mobile Mini agreed to acquire the company for $3.8 billion.</li>
<li>Pagaya Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pgy#NASDAQ">PGY</a>) climbed 9.6% to $1.26. Pagaya Technologies recently said it expects preliminary 2023 network volume and adjusted EBITA to exceed the high end of its outlook ranges.</li>
<li>Horace Mann Educators Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmn#NYSE">HMN</a>) rose 9% to $38.13. Keefe, Bruyette &amp; Woods analyst Meyer Shields upgraded Horace Mann Educators from Market Perform to Outperform.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) gained 8.8% to $8.72.</li>
<li>Waldencast plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wald#NASDAQ">WALD</a>) rose 7.8% to $8.27.</li>
<li>Wheels Up Experience Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/up#NYSE">UP</a>) jumped 7.1% to $3.32.</li>
<li>ZoomInfo Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zi#NASDAQ">ZI</a>) gained 6.7% to $16.94 after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $20 to $25.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) rose 6.2% to $132.92.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mara#NASDAQ">MARA</a>) gained 5.5% to $18.83.</li>
<li>Rumble Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rum#NASDAQ">RUM</a>) gained 5% to $6.34.</li>
<li>Levi Strauss &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/levi#NYSE">LEVI</a>) rose 3.5% to $16.50. Levi Strauss &amp; Co reported upbeat earnings for its fourth quarter on Thursday.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/24/01/36823065/top-3-consumer-stocks-that-may-crash-in-january"> Top 3 Consumer Stocks That May Crash In January</a>

WillScot Mobile Mini (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSC#NASDAQ">WSC</a>) has announced a merger with McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>) that is expected to be completed in Q2 of 2024.
Under the terms of the agreement, WillScot Mobile Mini has agreed to give McGrath RentCorp $3.80 billion in cash &amp; stock in exchange for MGRC stock.
<h3>About The Companies Involved</h3>
WillScot Mobile Mini Holdings Corp is a business services provider specializing in innovative flexible work space and portable storage solutions. The company's segment includes Modular Solutions and Storage Solutions.
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).
<h3>How A Merger Works</h3>
A merger happens when a company combines operations with another company. In practice, one company will buy the other company's stock in exchange for its own stock. In some cases, cash is used to pay for the company's stock but usually the companies agree to a stock-for-stock transaction.
Due to the exchange and acquisition of stock, a merger is similar to an acquisition. This is why the two terms are commonly grouped together as mergers and acquisitions (M&amp;A). However, in a merger, the leadership &amp; operations of both companies usually change dramatically, while during an acquisition this is less likely to happen.
Make sure to <a href="https://www.benzinga.com/calendars/m-a">follow our mergers &amp; acquisitions calendar</a> to stay-up-to-date on the most recent M&amp;A deals.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

General

Industrials Company WillScot Mobile Mini Announces Merger With McGrath RentCorp

McGrath RentCorp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>) shares are trading higher after&nbsp;WillScot Mobile Mini Holdings Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSC#NASDAQ">WSC</a>) agreed to acquire&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/01/g36820520/willscot-mobile-mini-to-acquire-mcgrath-rentcorp-for-3-8-billion-enhancing-its-position-as-the-nor" rel="noreferrer noopener">the company for $3.8 billion</a>.
The transaction, which includes about $800 million of net debt, represents a premium of 10.1% to McGrath&#8217;s closing share price on January 26, 2024.
As per the deal, McGrath&#8217;s shareholders will receive for each of their shares either $123.00 in cash or 2.8211 shares of WillScot Mobile Mini common shares, as determined pursuant to the election and allocation procedures in the merger agreement.
Also, around 60% of McGrath&#8217;s outstanding shares will be converted into cash considerations, and 40% of McGrath&#8217;s outstanding shares will be converted into stock considerations.&nbsp;
McGrath shareholders will have about 12.6% ownership stake in the combined company and will also benefit from a tax-free reorganization under IRC Section 368 for the stock portion of the merger consideration.
The deal is projected to close in the second quarter of 2024 and is subject to approval by McGrath shareholders, regulatory approvals and other customary closing conditions.
The acquisition is projected to boost WillScot Mobile Mini&#8217;s position in North American turnkey space solutions with a geographic footprint and a more diversified platform.
Brad Soultz, Chief Executive Officer of WillScot Mobile Mini, said, &#8220;The transaction will further accelerate our growth, with combined 2023 pro forma revenue of $3.2 billion and adjusted EBITDA of $1.4 billion, we will be on path to achieve a $700 million free cash flow run-rate twelve months after we close.&#8221;&nbsp;
&#8220;Meanwhile, our $1 billion of idiosyncratic growth levers remain in flight, many of which will increase proportionally with the close of the transaction.&#8221;
As of September 2023, WillScot&#8217;s cash and cash&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/23/11/g35548182/willscot-mobile-mini-reports-third-quarter-2023-results" rel="noreferrer noopener">equivalent stood at $5.8 million</a>.
Price Action: MGRC shares are up 8.55% at $121.30, while WSC stock is down 3.68% at $43.46 premarket on the last check Monday.

Why B2B Rental Company McGrath RentCorp Shares Are Surging Premarket Monday

<h3>Gainers</h3>
<ul>
<li>Graphex Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GRFX#AMEX">GRFX</a>) stock moved upwards by 17.6% to $0.66 during Monday's pre-market session. The company's market cap stands at $29.8 million. </li>
<li>McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>) shares increased by 9.26% to $122.1. The company's market cap stands at $2.9 billion. </li>
<li>Advent Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>) shares moved upwards by 7.19% to $0.19. The company's market cap stands at $13.8 million. </li>
<li>Mega Matrix (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MPU#AMEX">MPU</a>) stock rose 6.79% to $3.3. The market value of their outstanding shares is at $118.2 million. </li>
<li>Greenwave Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) stock increased by 6.66% to $0.92. The market value of their outstanding shares is at $15.2 million. </li>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) shares moved upwards by 6.47% to $0.12. The company's market cap stands at $7.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Richtech Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RR#NASDAQ">RR</a>) stock declined by 13.5% to $3.0 during Monday's pre-market session. The company's market cap stands at $195.8 million. </li>
<li>Professional Diversity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPDN#NASDAQ">IPDN</a>) shares declined by 11.49% to $2.39. The market value of their outstanding shares is at $26.7 million. </li>
<li>Jayud Global Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JYD#NASDAQ">JYD</a>) shares fell 7.52% to $0.92. The company's market cap stands at $19.5 million. </li>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) stock declined by 7.19% to $0.61. The market value of their outstanding shares is at $9.2 million. </li>
<li>Nxu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXU#NASDAQ">NXU</a>) shares declined by 6.96% to $1.07. The company's market cap stands at $3.3 million. </li>
<li>Agrify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGFY#NASDAQ">AGFY</a>) stock decreased by 6.25% to $0.57. 
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.

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

McGrath RentCorp shares are trading higher after WillScot Mobile Mini agreed to acquire the company for $3.8 billion.

McGrath shareholders will receive for each of their shares either&nbsp;$123.00&nbsp;in cash or 2.8211 shares of WillScot Mobile Mini common stock.&nbsp;&nbsp;The transaction values McGrath at an enterprise value of&nbsp;$3.8 billion, including approximately&nbsp;$800 million&nbsp;of net debt, and the per-share consideration represents a premium of&nbsp;10.1%&nbsp;to McGrath&#39;s closing stock price on January 26, 2024.

WillScot Mobile Mini Agrees To Acquire McGrath RentCorp For $3.8B

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

<h3>Gainers</h3>
<ul>
<li>Hyliion Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HYLN#NYSE">HYLN</a>) shares increased by 5.1% to $0.61 during Thursday's after-market session. The market value of their outstanding shares is at $110.5 million. </li>
<li>Amprius Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NYSE">AMPX</a>) shares moved upwards by 4.81% to $2.83. The market value of their outstanding shares is at $244.6 million. </li>
<li>McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>) stock rose 4.52% to $101.02. The market value of their outstanding shares is at $2.4 billion. The company's, Q3 earnings came out today. </li>
<li>Markforged Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKFG#NYSE">MKFG</a>) shares increased by 4.47% to $0.74. The market value of their outstanding shares is at $145.7 million. </li>
<li>Pitney Bowes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBI#NYSE">PBI</a>) stock increased by 4.43% to $3.4. The market value of their outstanding shares is at $599.2 million. </li>
<li>Mesa Air Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) stock moved upwards by 3.96% to $0.58. The company's market cap stands at $23.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Nuvve Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVVE#NASDAQ">NVVE</a>) stock declined by 11.3% to $0.21 during Thursday's after-market session. Trading volume for this security closed at 3.8 million, accounting for 124.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $8.3 million. </li>
<li>Terran Orbital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLAP#NYSE">LLAP</a>) stock declined by 5.5% to $0.79. This security traded at a volume of 633.2K shares come close, making up 18.0% of its average volume over the last 100 days. The company's market cap stands at $165.6 million. </li>
<li>Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) stock decreased by 5.08% to $44.5. The company's market cap stands at $2.9 billion. As per the press release, Q3 earnings came out today. </li>
<li>Gol Linhas Aereas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOL#NYSE">GOL</a>) shares fell 4.94% to $3.08. The company's market cap stands at $4.9 billion. </li>
<li>FTAI Infrastructure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIP#NASDAQ">FIP</a>) stock decreased by 4.78% to $3.0. The company's market cap stands at $298.3 million. As per the news, the Q3 earnings report came out today. </li>
<li>Energy Vault Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) stock decreased by 4.31% to $2.0. The market value of their outstanding shares is at $285.7 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.

AMPX

HYLN

LLAP

MESA

MKFG

NRGV

NVVE

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