Arizona State Retirement System Sells 484 Shares of The Gorman-Rupp Company (NYSE:GRC)

Arizona State Retirement System lowered its stake in The Gorman-Rupp Company (NYSE:GRC) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,224 shares of the industrial products company’s stock after selling 484 shares during the quarter. Arizona State Retirement System’s holdings in Gorman-Rupp were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Gorman-Rupp in the 2nd quarter valued at about $28,000. Public Employees Retirement System of Ohio raised its holdings in shares of Gorman-Rupp by 61.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,327 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 503 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Gorman-Rupp by 209.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,824 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 1,234 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Gorman-Rupp during the 2nd quarter valued at about $58,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Gorman-Rupp during the 1st quarter valued at about $77,000. Institutional investors own 59.26% of the company’s stock.

Gorman-Rupp Stock Performance

Shares of NYSE GRC opened at $36.02 on Monday. The stock has a market cap of $944.44 million, a price-to-earnings ratio of 27.08, a P/E/G ratio of 1.75 and a beta of 0.92. The company has a current ratio of 2.35, a quick ratio of 1.31 and a debt-to-equity ratio of 1.09. The Gorman-Rupp Company has a 1-year low of $23.22 and a 1-year high of $40.00. The stock’s 50-day moving average is $37.43 and its 200 day moving average is $34.43.

Gorman-Rupp (NYSE:GRC) last announced its quarterly earnings data on Friday, February 2nd. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. The company had revenue of $160.57 million for the quarter, compared to analysts’ expectations of $155.88 million. Gorman-Rupp had a return on equity of 10.47% and a net margin of 5.30%. During the same period last year, the firm posted $0.11 EPS. On average, sell-side analysts anticipate that The Gorman-Rupp Company will post 1.58 EPS for the current fiscal year.

Gorman-Rupp Announces Dividend

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

Gorman-Rupp 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.