Squarepoint Ops LLC Takes $384,000 Position in The Gorman-Rupp Company (NYSE:GRC)

Squarepoint Ops LLC acquired a new stake in shares of The Gorman-Rupp Company (NYSE:GRC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,120 shares of the industrial products company's stock, valued at approximately $384,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Centricity Wealth Management LLC purchased a new stake in shares of Gorman-Rupp during the 4th quarter valued at approximately $38,000. Aquatic Capital Management LLC grew its stake in Gorman-Rupp by 46.2% in the 4th quarter. Aquatic Capital Management LLC now owns 4,239 shares of the industrial products company's stock valued at $161,000 after buying an additional 1,339 shares in the last quarter. Inceptionr LLC raised its holdings in Gorman-Rupp by 9.5% during the 4th quarter. Inceptionr LLC now owns 6,988 shares of the industrial products company's stock valued at $265,000 after acquiring an additional 609 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Gorman-Rupp by 880.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,047 shares of the industrial products company's stock worth $267,000 after acquiring an additional 6,328 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Gorman-Rupp by 390.5% during the fourth quarter. Cubist Systematic Strategies LLC now owns 7,401 shares of the industrial products company's stock worth $281,000 after acquiring an additional 5,892 shares in the last quarter. Institutional investors own 59.26% of the company's stock.

Wall Street Analysts Forecast Growth

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

Gorman-Rupp Price Performance

GRC stock traded down $0.08 during mid-day trading on Monday, reaching $37.13. 53,323 shares of the company traded hands, compared to its average volume of 76,781. The company has a fifty day moving average price of $35.65 and a 200-day moving average price of $37.53. The Gorman-Rupp Company has a 52-week low of $30.87 and a 52-week high of $43.79. The company has a market capitalization of $976.35 million, a P/E ratio of 24.27, a P/E/G ratio of 1.54 and a beta of 1.19. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.39 and a quick ratio of 1.38.

Gorman-Rupp (NYSE:GRC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The industrial products company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. Gorman-Rupp had a net margin of 6.08% and a return on equity of 12.79%. The company had revenue of $163.95 million during the quarter, compared to analysts' expectations of $164.84 million. As a group, analysts anticipate that The Gorman-Rupp Company will post 1.98 earnings per share 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 issued a $0.185 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.74 annualized dividend and a dividend yield of 1.99%. Gorman-Rupp's payout ratio is currently 43.79%.

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.