EP Wealth Advisors LLC Purchases New Position in Gorman-Rupp Company (The) $GRC

EP Wealth Advisors LLC bought a new position in Gorman-Rupp Company (The) (NYSE:GRC) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 5,783 shares of the industrial products company’s stock, valued at approximately $203,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Gorman-Rupp by 27.3% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 20,638 shares of the industrial products company’s stock worth $724,000 after buying an additional 4,422 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Gorman-Rupp by 6.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 554,728 shares of the industrial products company’s stock worth $19,471,000 after purchasing an additional 31,790 shares during the period. Jump Financial LLC purchased a new stake in shares of Gorman-Rupp in the 1st quarter worth about $213,000. Martingale Asset Management L P lifted its position in shares of Gorman-Rupp by 1.3% in the 1st quarter. Martingale Asset Management L P now owns 30,120 shares of the industrial products company’s stock worth $1,057,000 after purchasing an additional 400 shares during the period. Finally, Quantbot Technologies LP lifted its position in Gorman-Rupp by 42.3% during the 1st quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 896 shares during the period. Institutional investors own 59.26% of the company’s stock.

Gorman-Rupp Trading Up 1.3%

Shares of NYSE GRC opened at $42.61 on Thursday. Gorman-Rupp Company has a 1 year low of $30.87 and a 1 year high of $43.79. The stock has a market cap of $1.12 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22. The firm has a 50-day moving average of $40.69 and a 200 day moving average of $37.77. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.39 and a quick ratio of 1.39.

Gorman-Rupp (NYSE:GRC) last issued its quarterly earnings results on Friday, July 25th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The company had revenue of $179.05 million during the quarter, compared to analysts’ expectations of $174.60 million. Gorman-Rupp had a net margin of 7.69% and a return on equity of 13.63%. As a group, sell-side analysts expect that Gorman-Rupp Company will post 1.98 EPS for the current fiscal year.

Gorman-Rupp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, August 15th. Gorman-Rupp’s dividend payout ratio (DPR) is currently 37.56%.

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.