The Gorman-Rupp Company (NYSE:GRC) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in The Gorman-Rupp Company (NYSE:GRC - Free Report) by 40.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vontobel Holding Ltd. acquired a new position in Gorman-Rupp in the fourth quarter valued at about $935,000. Deutsche Bank AG lifted its position in Gorman-Rupp by 56.3% in the fourth quarter. Deutsche Bank AG now owns 19,773 shares of the industrial products company's stock valued at $750,000 after buying an additional 7,125 shares during the last quarter. Nuveen Asset Management LLC lifted its position in Gorman-Rupp by 22.1% in the fourth quarter. Nuveen Asset Management LLC now owns 84,790 shares of the industrial products company's stock valued at $3,215,000 after buying an additional 15,362 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in Gorman-Rupp by 81.8% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 16,216 shares of the industrial products company's stock valued at $615,000 after buying an additional 7,294 shares during the last quarter. Finally, Aurora Investment Counsel acquired a new position in Gorman-Rupp in the fourth quarter valued at about $2,083,000. Institutional investors and hedge funds own 59.26% of the company's stock.

Analyst Upgrades and Downgrades

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

Gorman-Rupp Trading Up 0.7%

NYSE GRC traded up $0.27 during trading hours on Friday, reaching $37.16. The company had a trading volume of 33,700 shares, compared to its average volume of 76,875. The stock has a market capitalization of $977.14 million, a P/E ratio of 24.29, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19. The Gorman-Rupp Company has a 1-year low of $30.87 and a 1-year high of $43.79. 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 stock has a 50-day moving average of $35.65 and a 200 day moving average of $37.53.

Gorman-Rupp (NYSE:GRC - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $163.95 million for the quarter, compared to analysts' expectations of $164.84 million. Gorman-Rupp had a net margin of 6.08% and a return on equity of 12.79%. As a group, research analysts anticipate that The Gorman-Rupp Company will post 1.98 earnings per share for the current fiscal year.

Gorman-Rupp Dividend Announcement

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 given a dividend of $0.185 per share. 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 dividend payout ratio is presently 43.79%.

Gorman-Rupp 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.