Bailard Inc. Has $622,000 Position in The Gorman-Rupp Company (NYSE:GRC)

Bailard Inc. lifted its stake in shares of The Gorman-Rupp Company (NYSE:GRC) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,395 shares of the industrial products company’s stock after purchasing an additional 400 shares during the quarter. Bailard Inc. owned 0.06% of Gorman-Rupp worth $622,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in GRC. Mechanics Financial Corp grew its stake in shares of Gorman-Rupp by 105.7% during the third quarter. Mechanics Financial Corp now owns 1,012,825 shares of the industrial products company’s stock worth $39,450,000 after buying an additional 520,361 shares during the last quarter. Needham Investment Management LLC grew its position in Gorman-Rupp by 218.8% during the 3rd quarter. Needham Investment Management LLC now owns 127,500 shares of the industrial products company’s stock worth $4,966,000 after acquiring an additional 87,500 shares during the last quarter. Barclays PLC grew its position in Gorman-Rupp by 317.9% during the 3rd quarter. Barclays PLC now owns 34,777 shares of the industrial products company’s stock worth $1,355,000 after acquiring an additional 26,455 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Gorman-Rupp by 54.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 73,454 shares of the industrial products company’s stock worth $2,861,000 after purchasing an additional 25,977 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new position in Gorman-Rupp in the fourth quarter valued at about $935,000. 59.26% of the stock is currently owned by institutional investors and hedge funds.

Gorman-Rupp Trading Down 1.3 %

Shares of NYSE GRC opened at $37.48 on Wednesday. The stock has a market cap of $982.89 million, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 1.54 and a beta of 0.97. The firm has a 50 day moving average price of $37.95 and a two-hundred day moving average price of $38.89. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.38 and a current ratio of 2.39. The Gorman-Rupp Company has a 52-week low of $30.47 and a 52-week high of $43.79.

Gorman-Rupp (NYSE:GRC) last announced its earnings results on Friday, February 7th. The industrial products company reported $0.42 EPS for the quarter, missing the consensus estimate 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 period last year, the company earned $0.34 EPS. As a group, equities analysts forecast that The Gorman-Rupp Company will post 1.98 EPS for the current year.

Gorman-Rupp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Friday, February 14th. Gorman-Rupp’s dividend payout ratio is presently 48.37%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a research note 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.