6,303 Shares in Gorman-Rupp Company (The) (NYSE:GRC) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH made a new investment of approximately $221,000 in Gorman-Rupp Company by acquiring 6,303 shares during the first quarter.
• Gorman-Rupp recently reported a Q2 EPS of $0.60, surpassing estimates, with revenues reaching $179.05 million, exceeding analysts' predictions.
• The company declared a quarterly dividend of $0.185 per share, set to be paid on September 10th, representing an annual yield of 1.8%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Gorman-Rupp Company (The) (NYSE:GRC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,303 shares of the industrial products company's stock, valued at approximately $221,000.

Other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its position in shares of Gorman-Rupp by 8.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,329 shares of the industrial products company's stock valued at $468,000 after purchasing an additional 1,093 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Gorman-Rupp by 6.3% during the first quarter. Creative Financial Designs Inc. ADV now owns 21,035 shares of the industrial products company's stock valued at $738,000 after acquiring an additional 1,240 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Gorman-Rupp during the first quarter valued at approximately $45,000. Price T Rowe Associates Inc. MD increased its holdings in Gorman-Rupp by 7.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,646 shares of the industrial products company's stock valued at $745,000 after buying an additional 1,301 shares during the period. Finally, Aquatic Capital Management LLC increased its holdings in 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 valued at $161,000 after buying an additional 1,339 shares during the period. Hedge funds and other institutional investors 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 report on Friday, April 25th.

Gorman-Rupp Stock Performance

NYSE:GRC traded down $1.00 during mid-day trading on Wednesday, hitting $41.94. The company's stock had a trading volume of 72,276 shares, compared to its average volume of 65,294. Gorman-Rupp Company has a 1 year low of $30.87 and a 1 year high of $43.79. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.39 and a quick ratio of 1.39. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 1.58 and a beta of 1.21. The business's fifty day moving average is $37.74 and its two-hundred day moving average is $37.03.

Gorman-Rupp (NYSE:GRC - Get Free Report) last posted its earnings results on Friday, July 25th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. The business had revenue of $179.05 million for the quarter, compared to analyst estimates of $174.60 million. Gorman-Rupp had a net margin of 7.69% and a return on equity of 13.63%. Analysts anticipate that Gorman-Rupp Company will post 1.98 EPS for the current fiscal year.

Gorman-Rupp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.185 per share. The ex-dividend date is Friday, August 15th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.8%. Gorman-Rupp's dividend payout ratio (DPR) is currently 37.56%.

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.