GMR Solutions Inc. (NYSE:GMRS – Get Free Report) EVP Thomas A. Cook sold 251,882 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $12.20, for a total value of $3,072,960.40. Following the completion of the transaction, the executive vice president directly owned 675,686 shares in the company, valued at approximately $8,243,369.20. This trade represents a 27.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
GMR Solutions Stock Performance
GMR Solutions stock opened at $12.75 on Wednesday. The company has a market cap of $688.75 million and a PE ratio of -8.17. GMR Solutions Inc. has a 52-week low of $10.26 and a 52-week high of $15.98. The company has a debt-to-equity ratio of 5.50, a current ratio of 2.01 and a quick ratio of 2.01. The stock’s 50 day simple moving average is $13.25.
GMR Solutions (NYSE:GMRS – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($1.84) earnings per share for the quarter, missing the consensus estimate of $0.38 by ($2.22). The firm had revenue of $1.49 billion for the quarter. GMR Solutions’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts forecast that GMR Solutions Inc. will post 1.29 EPS for the current year.
Institutional Investors Weigh In On GMR Solutions
Trending Headlines about GMR Solutions
Here are the key news stories impacting GMR Solutions this week:
- Positive Sentiment: The insider transactions were explicitly described as sales to satisfy tax withholding obligations related to equity-award vesting, which reduces the likelihood that the trades represent discretionary decisions to exit the stock. Executives continue to hold significant positions in GMRS. SEC insider transaction filing
- Neutral Sentiment: GMR Solutions presented at the Morgan Stanley 24th Annual Global Healthcare Conference. The available transcript reference does not provide specific new guidance, financial targets, or material developments that would clearly change the investment outlook. Morgan Stanley healthcare conference transcript
- Negative Sentiment: Six executives sold approximately 2.35 million shares worth about $28.7 million at an average price of $12.20. The sales included CEO Nicola Loporcaro selling roughly 1.46 million shares, along with substantial sales by the CFO, COO, and other senior officers. The scale of the transactions is likely weighing on GMRS despite the stated tax-related purpose. SEC CEO insider transaction filing
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Zacks Research raised GMR Solutions to a “hold” rating in a research report on Tuesday, June 9th. JPMorgan Chase & Co. increased their price target on GMR Solutions from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, September 11th. The Goldman Sachs Group set a $30.00 price objective on GMR Solutions in a research note on Tuesday, August 18th. UBS Group assumed coverage on GMR Solutions in a report on Monday, June 8th. They set a “buy” rating and a $20.00 price objective for the company. Finally, Bank of America started coverage on GMR Solutions in a research report on Monday, June 8th. They set a “buy” rating and a $18.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.78.
View Our Latest Report on GMRS
About GMR Solutions
GMR Solutions Inc is a provider of emergency medical services delivering EMS and other essential out-of-hospital care in rural and urban communities. GMR Solutions Inc is based in Lewisville, Texas.
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