Gorman-Rupp Co (NYSE:GRC) Shares Bought by Invesco Ltd.

Invesco Ltd. grew its holdings in shares of Gorman-Rupp Co (NYSE:GRC) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 150,289 shares of the industrial products company’s stock after purchasing an additional 5,062 shares during the period. Invesco Ltd. owned approximately 0.58% of Gorman-Rupp worth $4,934,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its stake in Gorman-Rupp by 1.9% during the second quarter. BlackRock Inc. now owns 1,280,775 shares of the industrial products company’s stock valued at $42,047,000 after buying an additional 23,701 shares in the last quarter. Northern Trust Corp boosted its stake in Gorman-Rupp by 2.5% during the second quarter. Northern Trust Corp now owns 266,167 shares of the industrial products company’s stock valued at $8,738,000 after buying an additional 6,542 shares in the last quarter. Heartland Advisors Inc. boosted its stake in Gorman-Rupp by 110.1% during the second quarter. Heartland Advisors Inc. now owns 237,880 shares of the industrial products company’s stock valued at $7,810,000 after buying an additional 124,651 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Gorman-Rupp by 36.7% during the second quarter. Renaissance Technologies LLC now owns 210,015 shares of the industrial products company’s stock valued at $6,895,000 after buying an additional 56,400 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Gorman-Rupp by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 159,549 shares of the industrial products company’s stock valued at $5,238,000 after buying an additional 583 shares in the last quarter. 52.79% of the stock is currently owned by institutional investors.

Shares of GRC stock opened at $34.15 on Friday. The stock has a 50-day simple moving average of $32.36 and a 200 day simple moving average of $32.29. Gorman-Rupp Co has a fifty-two week low of $29.00 and a fifty-two week high of $36.92. The stock has a market capitalization of $875.21 million, a P/E ratio of 21.47 and a beta of 0.97.

Gorman-Rupp (NYSE:GRC) last announced its earnings results on Friday, July 26th. The industrial products company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Gorman-Rupp had a return on equity of 13.12% and a net margin of 9.22%. The business had revenue of $108.30 million during the quarter, compared to analysts’ expectations of $112.95 million. During the same quarter last year, the business posted $0.39 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis.

Gorman-Rupp Company Profile

The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems worldwide. 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.

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Institutional Ownership by Quarter for Gorman-Rupp (NYSE:GRC)

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