Voya Investment Management LLC Has $225,000 Stock Holdings in Gorman-Rupp Company (The) $GRC

Voya Investment Management LLC trimmed its holdings in shares of Gorman-Rupp Company (The) (NYSE:GRC) by 8.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,422 shares of the industrial products company’s stock after selling 611 shares during the period. Voya Investment Management LLC’s holdings in Gorman-Rupp were worth $225,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Jane Street Group LLC boosted its stake in shares of Gorman-Rupp by 203.0% during the 1st quarter. Jane Street Group LLC now owns 48,499 shares of the industrial products company’s stock worth $1,702,000 after buying an additional 32,494 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Gorman-Rupp by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 64,912 shares of the industrial products company’s stock valued at $2,278,000 after purchasing an additional 7,667 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Gorman-Rupp by 9.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 281,709 shares of the industrial products company’s stock valued at $9,888,000 after purchasing an additional 25,033 shares during the period. Uniplan Investment Counsel Inc. raised its holdings in shares of Gorman-Rupp by 0.7% in the 1st quarter. Uniplan Investment Counsel Inc. now owns 146,711 shares of the industrial products company’s stock valued at $5,150,000 after purchasing an additional 975 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Gorman-Rupp by 7.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 756,083 shares of the industrial products company’s stock valued at $26,540,000 after purchasing an additional 53,006 shares during the period. 59.26% of the stock is currently owned by institutional investors and hedge funds.

Gorman-Rupp Stock Down 1.4%

Shares of GRC stock opened at $45.29 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.39 and a current ratio of 2.39. The firm’s 50-day moving average is $42.47 and its 200-day moving average is $38.37. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.73 and a beta of 1.22. Gorman-Rupp Company has a 52-week low of $30.87 and a 52-week high of $46.93.

Gorman-Rupp (NYSE:GRC) last issued its 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 for 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%. Sell-side analysts predict that Gorman-Rupp Company will post 1.98 EPS for the current year.

Gorman-Rupp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Gorman-Rupp’s dividend payout ratio is presently 37.56%.

About Gorman-Rupp

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.