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Research analysts at StockNews.com began coverage on shares of Gorman-Rupp (NYSE:GRC - Get Rating) in a research report issued on Wednesday. The brokerage set a "hold" rating on the industrial products company's stock.Gorman-Rupp Stock Down 1.5 %

Shares of NYSE:GRC opened at $23.74 on Wednesday. Gorman-Rupp has a 12 month low of $23.57 and a 12 month high of $47.12. The company's 50-day moving average price is $26.26 and its two-hundred day moving average price is $29.16. The company has a quick ratio of 1.33, a current ratio of 2.42 and a debt-to-equity ratio of 1.27. The firm has a market cap of $619.50 million, a P/E ratio of 28.26 and a beta of 0.68.

Gorman-Rupp (NYSE:GRC - Get Rating) last issued its quarterly earnings data on Friday, July 29th. The industrial products company reported $0.27 EPS for the quarter. Gorman-Rupp had a net margin of 5.24% and a return on equity of 9.44%. The firm had revenue of $119.07 million for the quarter. Insiders Place Their Bets

In other Gorman-Rupp news, Director M Ann Harlan bought 1,000 shares of the business's stock in a transaction on Monday, August 29th. The shares were bought at an average cost of $28.88 per share, for a total transaction of $28,880.00. Following the transaction, the director now owns 19,800 shares in the company, valued at approximately $571,824. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Gorman-Rupp news, Chairman Jeffrey S. Gorman bought 5,000 shares of the business's stock in a transaction on Wednesday, August 24th. The shares were bought at an average cost of $26.29 per share, for a total transaction of $131,450.00. Following the transaction, the chairman now owns 128,656 shares in the company, valued at approximately $3,382,366.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director M Ann Harlan bought 1,000 shares of the business's stock in a transaction on Monday, August 29th. The shares were acquired at an average price of $28.88 per share, for a total transaction of $28,880.00. Following the completion of the transaction, the director now owns 19,800 shares in the company, valued at approximately $571,824. The disclosure for this purchase can be found here. Insiders have purchased a total of 8,500 shares of company stock valued at $225,205 in the last 90 days. 7.20% of the stock is currently owned by insiders. Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GRC. Quantbot Technologies LP acquired a new stake in shares of Gorman-Rupp in the 2nd quarter valued at approximately $28,000. Tompkins Financial Corp acquired a new stake in shares of Gorman-Rupp in the 2nd quarter valued at approximately $34,000. Acadian Asset Management LLC acquired a new stake in shares of Gorman-Rupp in the 1st quarter valued at approximately $77,000. Amalgamated Bank acquired a new stake in shares of Gorman-Rupp in the 1st quarter valued at approximately $105,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in shares of Gorman-Rupp in the 4th quarter valued at approximately $110,000. 59.44% of the stock is currently owned by institutional investors and hedge funds. Gorman-Rupp Company Profile (Get Rating)

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.See AlsoGet a free copy of the StockNews.com research report on Gorman-Rupp (GRC)3 Oil Stocks That Are Heating Back UpWhy All the Buzz Around These 3 Stocks?Is Pfizer Stock Still Worth Buying After the Pandemic? Can Texas Pacific Land Corp. Continue its Meteoric Rise?Pershing Square Holdings: Deep-Value Play For Long-Term Investors

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