The Gorman-Rupp Company (NYSE:GRC) Stake Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of The Gorman-Rupp Company (NYSE:GRC) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,666 shares of the industrial products company’s stock after purchasing an additional 830 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of Gorman-Rupp worth $1,584,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in shares of Gorman-Rupp by 5,461.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 723 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 710 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in Gorman-Rupp during the third quarter worth approximately $29,000. nVerses Capital LLC acquired a new position in Gorman-Rupp in the third quarter worth approximately $31,000. CWM LLC increased its holdings in shares of Gorman-Rupp by 76.8% in the second quarter. CWM LLC now owns 921 shares of the industrial products company’s stock valued at $34,000 after buying an additional 400 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new stake in shares of Gorman-Rupp during the 3rd quarter valued at $58,000. 59.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 29th.

Gorman-Rupp Price Performance

GRC stock opened at $41.24 on Tuesday. The Gorman-Rupp Company has a one year low of $30.47 and a one year high of $43.79. The firm has a 50-day moving average of $40.36 and a two-hundred day moving average of $38.79. The firm has a market capitalization of $1.08 billion, a PE ratio of 28.44, a P/E/G ratio of 1.82 and a beta of 0.95. The company has a current ratio of 2.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.99.

Gorman-Rupp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a $0.185 dividend. This is a positive change from Gorman-Rupp’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.74 dividend on an annualized basis and a yield of 1.79%. Gorman-Rupp’s dividend payout ratio (DPR) is currently 51.03%.

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.