UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 16,579 Shares of The Gorman-Rupp Company (NYSE:GRC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in The Gorman-Rupp Company (NYSE:GRC - Free Report) by 40.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,245 shares of the industrial products company's stock after buying an additional 16,579 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.22% of Gorman-Rupp worth $2,171,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GRC. Centricity Wealth Management LLC acquired a new position in shares of Gorman-Rupp in the fourth quarter valued at $38,000. Aquatic Capital Management LLC raised its stake in shares of Gorman-Rupp by 46.2% in the fourth quarter. Aquatic Capital Management LLC now owns 4,239 shares of the industrial products company's stock valued at $161,000 after purchasing an additional 1,339 shares in the last quarter. Inceptionr LLC raised its stake in shares of Gorman-Rupp by 9.5% in the fourth quarter. Inceptionr LLC now owns 6,988 shares of the industrial products company's stock valued at $265,000 after purchasing an additional 609 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Gorman-Rupp by 880.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,047 shares of the industrial products company's stock valued at $267,000 after purchasing an additional 6,328 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Gorman-Rupp by 390.5% in the fourth quarter. Cubist Systematic Strategies LLC now owns 7,401 shares of the industrial products company's stock valued at $281,000 after purchasing an additional 5,892 shares in the last quarter. Institutional investors own 59.26% of the company's stock.

Gorman-Rupp Price Performance

Gorman-Rupp stock traded up $0.23 during mid-day trading on Tuesday, hitting $37.39. 41,398 shares of the company were exchanged, compared to its average volume of 76,696. The company has a quick ratio of 1.38, a current ratio of 2.39 and a debt-to-equity ratio of 0.99. The business has a fifty day moving average of $35.73 and a 200 day moving average of $37.49. The Gorman-Rupp Company has a 1-year low of $30.87 and a 1-year high of $43.79. The company has a market capitalization of $983.24 million, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19.

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 (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. Gorman-Rupp had a return on equity of 12.79% and a net margin of 6.08%. The firm had revenue of $163.95 million during the quarter, compared to analyst estimates of $164.84 million. As a group, sell-side analysts expect that The Gorman-Rupp Company will post 1.98 earnings per share for the current year.

Gorman-Rupp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.185 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.74 annualized dividend and a yield of 1.98%. Gorman-Rupp's dividend payout ratio is currently 43.79%.

Analyst Ratings Changes

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

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.