ProShare Advisors LLC Has $6.36 Million Position in Gorman-Rupp Company (The) $GRC

ProShare Advisors LLC reduced its holdings in shares of Gorman-Rupp Company (The) (NYSE:GRC) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 133,270 shares of the industrial products company’s stock after selling 15,734 shares during the period. ProShare Advisors LLC owned 0.51% of Gorman-Rupp worth $6,364,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in shares of Gorman-Rupp by 2,664,700.0% during the 3rd quarter. Victory Capital Management Inc. now owns 266,480 shares of the industrial products company’s stock worth $12,367,000 after purchasing an additional 266,470 shares in the last quarter. Teton Advisors LLC bought a new stake in Gorman-Rupp in the 3rd quarter valued at about $2,191,000. Allspring Global Investments Holdings LLC increased its position in Gorman-Rupp by 42.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 123,382 shares of the industrial products company’s stock valued at $5,891,000 after buying an additional 37,037 shares in the last quarter. Jane Street Group LLC increased its position in Gorman-Rupp by 203.0% in the 1st quarter. Jane Street Group LLC now owns 48,499 shares of the industrial products company’s stock valued at $1,702,000 after buying an additional 32,494 shares in the last quarter. Finally, Man Group plc increased its position in Gorman-Rupp by 51.6% in the 2nd quarter. Man Group plc now owns 81,212 shares of the industrial products company’s stock valued at $2,982,000 after buying an additional 27,630 shares in the last quarter. 59.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GRC shares. Wall Street Zen raised Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Zacks Research raised Gorman-Rupp from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Weiss Ratings lowered Gorman-Rupp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Finally, Freedom Capital raised Gorman-Rupp to a “hold” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy”.

Gorman-Rupp Stock Performance

Shares of Gorman-Rupp stock opened at $72.67 on Friday. Gorman-Rupp Company has a one year low of $34.96 and a one year high of $79.54. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 2.14 and a beta of 1.34. The business has a 50-day simple moving average of $68.44 and a 200 day simple moving average of $58.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.93 and a quick ratio of 1.76.

Gorman-Rupp (NYSE:GRC) last released its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.19. The business had revenue of $176.59 million during the quarter, compared to the consensus estimate of $170.61 million. Gorman-Rupp had a return on equity of 15.08% and a net margin of 8.45%. On average, research analysts anticipate that Gorman-Rupp Company will post 2.6 earnings per share for the current fiscal year.

Gorman-Rupp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, May 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.0%. Gorman-Rupp’s payout ratio is 34.08%.

Gorman-Rupp Profile

Gorman-Rupp Company is a U.S.-based manufacturer specializing in the design, production and distribution of pumps and pumping systems. Its product lineup includes centrifugal self-priming pumps, submersible pumps, vacuum priming pumps and engineered pumps for applications such as water and wastewater management, sewage handling, dewatering, industrial processing and agricultural irrigation. The company supports both standard pump requirements and custom engineered solutions for original equipment manufacturers (OEMs) and municipal clients.

Headquartered in Mansfield, Ohio, Gorman-Rupp has built a reputation for rugged, reliable equipment and aftermarket support services.