The Gorman-Rupp Company (NYSE:GRC) Shares Purchased by Man Group plc

Man Group plc raised its holdings in The Gorman-Rupp Company (NYSE:GRC - Free Report) by 52.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,308 shares of the industrial products company's stock after purchasing an additional 13,227 shares during the period. Man Group plc owned about 0.15% of Gorman-Rupp worth $1,453,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GRC. Centricity Wealth Management LLC purchased a new stake in shares of Gorman-Rupp during the fourth quarter worth approximately $38,000. Aquatic Capital Management LLC increased its position in shares of Gorman-Rupp by 46.2% during the fourth quarter. Aquatic Capital Management LLC now owns 4,239 shares of the industrial products company's stock worth $161,000 after purchasing an additional 1,339 shares in the last quarter. Inceptionr LLC boosted its stake in Gorman-Rupp by 9.5% during the fourth quarter. Inceptionr LLC now owns 6,988 shares of the industrial products company's stock worth $265,000 after buying an additional 609 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in 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 buying an additional 6,328 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in 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 buying an additional 5,892 shares during the last quarter. 59.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Gorman-Rupp Trading Up 0.0%

NYSE GRC traded up $0.01 on Thursday, reaching $36.64. 3,482 shares of the company were exchanged, compared to its average volume of 67,314. The business's fifty day moving average price is $35.50 and its 200 day moving average price is $37.80. The stock has a market capitalization of $963.49 million, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 1.54 and a beta of 1.20. The company has a current ratio of 2.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.99. The Gorman-Rupp Company has a fifty-two week low of $30.87 and a fifty-two week high of $43.79.

Gorman-Rupp (NYSE:GRC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The industrial products company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.02. The company had revenue of $163.95 million for the quarter, compared to analyst estimates of $164.84 million. Gorman-Rupp had a return on equity of 12.79% and a net margin of 6.08%. Analysts forecast that The Gorman-Rupp Company will post 1.98 earnings per share for the current year.

Gorman-Rupp Announces Dividend

The firm 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 $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, May 15th. Gorman-Rupp's dividend payout ratio (DPR) is presently 43.79%.

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.