John G Ullman & Associates Inc. Lowers Stock Position in The Gorman-Rupp Company (NYSE:GRC)

John G Ullman & Associates Inc. lowered its position in The Gorman-Rupp Company (NYSE:GRC) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,604 shares of the industrial products company’s stock after selling 1,854 shares during the period. John G Ullman & Associates Inc. owned about 0.46% of Gorman-Rupp worth $4,250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC raised its holdings in shares of Gorman-Rupp by 92.2% in the fourth quarter. Global Retirement Partners LLC now owns 2,706 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 1,298 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Gorman-Rupp by 380.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 43,854 shares of the industrial products company’s stock valued at $1,558,000 after buying an additional 34,728 shares during the period. Creative Financial Designs Inc. ADV grew its position in Gorman-Rupp by 14.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 15,918 shares of the industrial products company’s stock valued at $566,000 after buying an additional 2,059 shares during the period. Vanguard Group Inc. grew its position in Gorman-Rupp by 0.9% during the third quarter. Vanguard Group Inc. now owns 2,256,217 shares of the industrial products company’s stock valued at $74,230,000 after buying an additional 19,797 shares during the period. Finally, Deutsche Bank AG grew its position in Gorman-Rupp by 25.1% during the third quarter. Deutsche Bank AG now owns 10,709 shares of the industrial products company’s stock valued at $352,000 after buying an additional 2,150 shares during the period. Hedge funds and other institutional investors own 59.26% of the company’s stock.

Gorman-Rupp Stock Performance

GRC traded down $0.02 during trading on Friday, hitting $36.02. 170,170 shares of the company traded hands, compared to its average volume of 65,240. The firm has a market cap of $944.44 million, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 1.75 and a beta of 0.92. The stock’s fifty day moving average is $37.44 and its 200 day moving average is $34.37. The company has a quick ratio of 1.31, a current ratio of 2.35 and a debt-to-equity ratio of 1.09. The Gorman-Rupp Company has a one year low of $23.22 and a one year high of $40.00.

Gorman-Rupp (NYSE:GRC) last issued its earnings results on Friday, February 2nd. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.09. The firm had revenue of $160.57 million during the quarter, compared to analyst estimates of $155.88 million. Gorman-Rupp had a net margin of 5.30% and a return on equity of 10.47%. During the same quarter last year, the business earned $0.11 earnings per share. As a group, equities analysts predict that The Gorman-Rupp Company will post 1.58 EPS for the current fiscal year.

Gorman-Rupp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 15th were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.00%. Gorman-Rupp’s dividend payout ratio is presently 54.14%.

About Gorman-Rupp

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.