The Gorman-Rupp Company (NYSE:GRC) Shares Sold by Centiva Capital LP

Centiva Capital LP reduced its position in The Gorman-Rupp Company (NYSE:GRC) by 17.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,573 shares of the industrial products company’s stock after selling 2,015 shares during the quarter. Centiva Capital LP’s holdings in Gorman-Rupp were worth $373,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Gorman-Rupp in the third quarter valued at approximately $209,000. PDT Partners LLC acquired a new stake in shares of Gorman-Rupp in the third quarter valued at approximately $374,000. Verition Fund Management LLC boosted its holdings in shares of Gorman-Rupp by 13.7% in the third quarter. Verition Fund Management LLC now owns 7,145 shares of the industrial products company’s stock valued at $278,000 after acquiring an additional 860 shares during the period. Walleye Capital LLC acquired a new stake in shares of Gorman-Rupp in the third quarter valued at approximately $595,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Gorman-Rupp by 2.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,666 shares of the industrial products company’s stock valued at $1,584,000 after acquiring an additional 830 shares during the period. 59.26% of the stock is owned by institutional investors and hedge funds.

Gorman-Rupp Price Performance

Shares of NYSE GRC opened at $41.88 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.39 and a quick ratio of 1.38. The stock has a fifty day moving average price of $40.08 and a 200 day moving average price of $38.51. The Gorman-Rupp Company has a 1-year low of $30.47 and a 1-year high of $43.79. The company has a market cap of $1.10 billion, a PE ratio of 28.88, a P/E/G ratio of 1.82 and a beta of 0.95.

Gorman-Rupp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a dividend of $0.185 per share. The ex-dividend date is Friday, November 15th. This is an increase from Gorman-Rupp’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 1.77%. Gorman-Rupp’s dividend payout ratio (DPR) is currently 51.03%.

Analyst Ratings Changes

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

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.