Universal Beteiligungs und Servicegesellschaft mbH Invests $221,000 in Gorman-Rupp Company (The) (NYSE:GRC)

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 stake in shares of Gorman-Rupp Company (The) (NYSE:GRC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,303 shares of the industrial products company's stock, valued at approximately $221,000.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp acquired a new position in shares of Gorman-Rupp during the 1st quarter worth about $45,000. Central Pacific Bank Trust Division purchased a new stake in Gorman-Rupp during the 1st quarter worth approximately $53,000. Aquatic Capital Management LLC increased its stake in Gorman-Rupp by 46.2% during the 4th quarter. Aquatic Capital Management LLC now owns 4,239 shares of the industrial products company's stock worth $161,000 after buying an additional 1,339 shares in the last quarter. Swisher Financial Concepts Inc. acquired a new position in shares of Gorman-Rupp during the first quarter valued at approximately $205,000. Finally, GAMMA Investing LLC lifted its position in shares of Gorman-Rupp by 4,451.0% in the first quarter. GAMMA Investing LLC now owns 6,599 shares of the industrial products company's stock valued at $232,000 after acquiring an additional 6,454 shares in the last quarter. Institutional investors and hedge funds own 59.26% of the company's stock.

Gorman-Rupp Price Performance

Shares of NYSE GRC traded up $0.38 during mid-day trading on Friday, reaching $41.74. The company's stock had a trading volume of 12,252 shares, compared to its average volume of 64,854. The stock has a 50-day moving average of $37.94 and a two-hundred day moving average of $37.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.39 and a current ratio of 2.39. The stock has a market capitalization of $1.10 billion, a P/E ratio of 21.18, a P/E/G ratio of 1.58 and a beta of 1.21. Gorman-Rupp Company has a 1-year low of $30.87 and a 1-year high of $43.79.

Gorman-Rupp (NYSE:GRC - Get Free Report) last released its earnings results on Friday, July 25th. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates 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%. On average, equities research 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 given a dividend of $0.185 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.74 annualized dividend and a dividend yield of 1.8%. Gorman-Rupp's payout ratio is presently 37.56%.

Analyst Ratings Changes

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 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.