Invesco Ltd. Has $4.08 Million Stock Holdings in The Gorman-Rupp Company (NYSE:GRC)

Invesco Ltd. reduced its holdings in The Gorman-Rupp Company (NYSE:GRC - Free Report) by 35.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 107,527 shares of the industrial products company's stock after selling 57,877 shares during the quarter. Invesco Ltd. owned approximately 0.41% of Gorman-Rupp worth $4,077,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Aurora Investment Counsel bought a new position in Gorman-Rupp during the 4th quarter worth $2,083,000. JPMorgan Chase & Co. raised its position in shares of Gorman-Rupp by 57.3% during the fourth quarter. JPMorgan Chase & Co. now owns 115,536 shares of the industrial products company's stock worth $4,381,000 after acquiring an additional 42,082 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Gorman-Rupp in the fourth quarter worth approximately $1,100,000. Barclays PLC raised its holdings 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 purchasing an additional 26,455 shares during the last quarter. Finally, Vontobel Holding Ltd. acquired a new position in shares of Gorman-Rupp in the 4th quarter worth approximately $935,000. Institutional investors own 59.26% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Gorman-Rupp from a "buy" rating to a "strong-buy" rating in a research report on Friday.

Gorman-Rupp Stock Up 0.3 %

Shares of NYSE:GRC opened at $35.36 on Monday. The company has a market capitalization of $927.34 million, a price-to-earnings ratio of 23.11, a P/E/G ratio of 1.54 and a beta of 1.05. The business's 50-day moving average is $35.82 and its 200-day moving average is $38.05. 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 Gorman-Rupp Company has a 1 year low of $30.87 and a 1 year high of $43.79.

Gorman-Rupp (NYSE:GRC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.02. The firm had revenue of $163.95 million for the quarter, compared to analysts' expectations of $164.84 million. Gorman-Rupp had a return on equity of 12.79% and a net margin of 6.08%. Equities research analysts predict that The Gorman-Rupp Company will post 1.98 earnings per share for the current year.

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.

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