UBS Group AG Sells 11,937 Shares of Gorman-Rupp Company (The) $GRC

UBS Group AG decreased its position in Gorman-Rupp Company (The) (NYSE:GRC) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,353 shares of the industrial products company’s stock after selling 11,937 shares during the quarter. UBS Group AG owned approximately 0.23% of Gorman-Rupp worth $2,930,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Gorman-Rupp by 2.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 753,862 shares of the industrial products company’s stock worth $34,985,000 after acquiring an additional 15,178 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Gorman-Rupp by 0.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 596,550 shares of the industrial products company’s stock worth $27,686,000 after acquiring an additional 3,562 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Gorman-Rupp by 9.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 281,709 shares of the industrial products company’s stock worth $9,888,000 after acquiring an additional 25,033 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Gorman-Rupp by 2,664,700.0% in the 3rd quarter. Victory Capital Management Inc. now owns 266,480 shares of the industrial products company’s stock worth $12,367,000 after acquiring an additional 266,470 shares in the last quarter. Finally, Keybank National Association OH grew its stake in shares of Gorman-Rupp by 1.2% in the 3rd quarter. Keybank National Association OH now owns 139,903 shares of the industrial products company’s stock worth $6,493,000 after acquiring an additional 1,592 shares in the last quarter. Institutional investors own 59.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Zacks Research upgraded shares of Gorman-Rupp from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Wall Street Zen upgraded shares of Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered shares of Gorman-Rupp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Finally, Freedom Capital upgraded shares of Gorman-Rupp to a “hold” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Gorman-Rupp Price Performance

GRC opened at $72.67 on Tuesday. The firm has a market cap of $1.92 billion, a P/E ratio of 32.59, a PEG ratio of 2.15 and a beta of 1.34. The firm has a 50-day moving average of $68.71 and a 200 day moving average of $58.72. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.76 and a current ratio of 2.93. Gorman-Rupp Company has a fifty-two week low of $34.96 and a fifty-two week high of $79.54.

Gorman-Rupp (NYSE:GRC) last posted its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.19. The company had revenue of $176.59 million during the quarter, compared to analyst estimates of $170.61 million. Gorman-Rupp had a net margin of 8.45% and a return on equity of 15.08%. On average, research analysts expect that Gorman-Rupp Company will post 2.6 EPS for the current year.

Gorman-Rupp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, May 15th. This represents a $0.76 annualized dividend and a yield of 1.0%. Gorman-Rupp’s dividend payout ratio is presently 34.08%.

About Gorman-Rupp

Gorman-Rupp Company is a U.S.-based manufacturer specializing in the design, production and distribution of pumps and pumping systems. Its product lineup includes centrifugal self-priming pumps, submersible pumps, vacuum priming pumps and engineered pumps for applications such as water and wastewater management, sewage handling, dewatering, industrial processing and agricultural irrigation. The company supports both standard pump requirements and custom engineered solutions for original equipment manufacturers (OEMs) and municipal clients.

Headquartered in Mansfield, Ohio, Gorman-Rupp has built a reputation for rugged, reliable equipment and aftermarket support services.