The Gorman-Rupp Company (NYSE:GRC) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lowered its position in shares of The Gorman-Rupp Company (NYSE:GRC) by 16.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 44,294 shares of the industrial products company’s stock after selling 8,728 shares during the quarter. Two Sigma Investments LP owned about 0.17% of Gorman-Rupp worth $1,680,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in GRC. Vanguard Group Inc. grew its position in Gorman-Rupp by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 2,205,019 shares of the industrial products company’s stock valued at $83,614,000 after acquiring an additional 20,407 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Gorman-Rupp by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,345,454 shares of the industrial products company’s stock valued at $51,020,000 after buying an additional 3,574 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Gorman-Rupp by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 703,077 shares of the industrial products company’s stock valued at $26,661,000 after acquiring an additional 38,191 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Gorman-Rupp by 11.6% during the fourth quarter. Northern Trust Corp now owns 223,192 shares of the industrial products company’s stock worth $8,463,000 after purchasing an additional 23,158 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Gorman-Rupp by 9.6% during the fourth quarter. Bank of New York Mellon Corp now owns 185,956 shares of the industrial products company’s stock worth $7,051,000 after acquiring an additional 16,334 shares during the period. Institutional investors and hedge funds own 59.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 25th.

Gorman-Rupp Price Performance

Shares of GRC opened at $36.54 on Tuesday. The stock’s fifty day moving average is $35.54 and its 200-day moving average is $37.64. The firm has a market capitalization of $960.78 million, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.20. The Gorman-Rupp Company has a one year low of $30.87 and a one year high of $43.79. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.38 and a current ratio of 2.39.

Gorman-Rupp (NYSE:GRC) last posted its quarterly earnings results on Thursday, April 24th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. The company had revenue of $163.95 million for the quarter, compared to analysts’ expectations of $164.84 million. Gorman-Rupp had a return on equity of 12.79% and a net margin of 6.08%. Equities analysts anticipate that The Gorman-Rupp Company will post 1.98 EPS for the current year.

Gorman-Rupp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Thursday, May 15th. Gorman-Rupp’s dividend payout ratio (DPR) is presently 43.79%.

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.