Gorman-Rupp (NYSE:GRC) Upgraded to “Strong-Buy” at StockNews.com

Gorman-Rupp (NYSE:GRC) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.

Gorman-Rupp Stock Down 0.8 %

Shares of GRC stock opened at $42.29 on Friday. Gorman-Rupp has a 12 month low of $30.47 and a 12 month high of $43.79. The firm has a market cap of $1.11 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 1.86 and a beta of 0.92. The stock has a 50 day moving average of $39.49 and a 200-day moving average of $37.94. The company has a quick ratio of 1.38, a current ratio of 2.39 and a debt-to-equity ratio of 0.99.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GRC. CANADA LIFE ASSURANCE Co raised its stake in shares of Gorman-Rupp by 413.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 7,157 shares of the industrial products company’s stock valued at $283,000 after purchasing an additional 5,762 shares in the last quarter. Lazard Asset Management LLC raised its stake in Gorman-Rupp by 63.8% during the first quarter. Lazard Asset Management LLC now owns 2,047 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 797 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Gorman-Rupp by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,645 shares of the industrial products company’s stock worth $659,000 after acquiring an additional 980 shares in the last quarter. Mather Group LLC. raised its stake in Gorman-Rupp by 517.0% during the second quarter. Mather Group LLC. now owns 1,598 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 1,339 shares in the last quarter. Finally, CWM LLC raised its stake in Gorman-Rupp by 76.8% during the second quarter. CWM LLC now owns 921 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 400 shares in the last quarter. 59.26% of the stock is currently owned by institutional investors and hedge funds.

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.