John G Ullman & Associates Inc. Decreases Stock Position in The Gorman-Rupp Company (NYSE:GRC)

John G Ullman & Associates Inc. lessened its stake in shares of The Gorman-Rupp Company (NYSE:GRC) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 119,604 shares of the industrial products company’s stock after selling 1,854 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Gorman-Rupp were worth $4,250,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC increased its stake in Gorman-Rupp by 92.2% in the fourth quarter. Global Retirement Partners LLC now owns 2,706 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 1,298 shares during the period. Assenagon Asset Management S.A. increased its stake in Gorman-Rupp by 380.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 43,854 shares of the industrial products company’s stock worth $1,558,000 after purchasing an additional 34,728 shares during the period. Creative Financial Designs Inc. ADV increased its stake in Gorman-Rupp by 14.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 15,918 shares of the industrial products company’s stock worth $566,000 after purchasing an additional 2,059 shares during the period. Vanguard Group Inc. increased its stake in Gorman-Rupp by 0.9% in the third quarter. Vanguard Group Inc. now owns 2,256,217 shares of the industrial products company’s stock worth $74,230,000 after purchasing an additional 19,797 shares during the period. Finally, Deutsche Bank AG increased its stake in Gorman-Rupp by 25.1% in the third quarter. Deutsche Bank AG now owns 10,709 shares of the industrial products company’s stock worth $352,000 after purchasing an additional 2,150 shares during the period. Hedge funds and other institutional investors own 59.26% of the company’s stock.

Gorman-Rupp Trading Down 0.1 %

GRC stock traded down $0.02 during midday trading on Friday, reaching $36.02. The company’s stock had a trading volume of 170,170 shares, compared to its average volume of 65,240. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.31 and a current ratio of 2.35. The stock has a fifty day simple moving average of $37.44 and a two-hundred day simple moving average of $34.37. The Gorman-Rupp Company has a 1 year low of $23.22 and a 1 year high of $40.00. The firm has a market capitalization of $944.44 million, a price-to-earnings ratio of 27.10, a PEG ratio of 1.75 and a beta of 0.92.

Gorman-Rupp (NYSE:GRC) last released its earnings results on Friday, February 2nd. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.09. Gorman-Rupp had a return on equity of 10.47% and a net margin of 5.30%. The business had revenue of $160.57 million for the quarter, compared to analyst estimates of $155.88 million. During the same quarter last year, the firm posted $0.11 earnings per share. On average, equities research analysts predict that The Gorman-Rupp Company will post 1.58 EPS for the current year.

Gorman-Rupp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 15th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Wednesday, February 14th. Gorman-Rupp’s payout ratio is 54.14%.

Gorman-Rupp Company Profile

The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems in the United States and internationally. The company's products include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed flow, vertical turbine line shaft, submersible, high-pressure booster, rotary gear, diaphragm, bellows, and oscillating pumps.