Aurora Investment Counsel Makes New Investment in The Gorman-Rupp Company (NYSE:GRC)

Aurora Investment Counsel purchased a new stake in shares of The Gorman-Rupp Company (NYSE:GRC) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 54,921 shares of the industrial products company’s stock, valued at approximately $2,083,000.

Other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Gorman-Rupp by 8.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 69,564 shares of the industrial products company’s stock worth $2,638,000 after purchasing an additional 5,602 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its stake in Gorman-Rupp by 81.8% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 16,216 shares of the industrial products company’s stock valued at $615,000 after acquiring an additional 7,294 shares during the period. Inceptionr LLC boosted its holdings in shares of Gorman-Rupp by 9.5% during the 4th quarter. Inceptionr LLC now owns 6,988 shares of the industrial products company’s stock valued at $265,000 after acquiring an additional 609 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Gorman-Rupp in the fourth quarter worth approximately $1,100,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Gorman-Rupp during the fourth quarter valued at approximately $447,000. 59.26% of the stock is owned by hedge funds and other institutional investors.

Gorman-Rupp Price Performance

NYSE GRC opened at $36.86 on Friday. The company has a 50-day moving average price of $37.88 and a 200-day moving average price of $38.85. The Gorman-Rupp Company has a 52 week low of $30.47 and a 52 week high of $43.79. The company has a quick ratio of 1.38, a current ratio of 2.39 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $966.76 million, a P/E ratio of 24.09, a PEG ratio of 1.54 and a beta of 0.94.

Gorman-Rupp (NYSE:GRC) last announced its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). Gorman-Rupp had a return on equity of 12.79% and a net margin of 6.08%. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Equities research analysts anticipate that The Gorman-Rupp Company will post 1.98 earnings per share for the current year.

Gorman-Rupp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Friday, February 14th. Gorman-Rupp’s dividend payout ratio (DPR) is presently 48.37%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 25th.

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.