Gorman Rupp Co (NYSEMKT:GRC) Shifting Institutional Investors Sentiment

September 8, 2018 - By Mark Babin

Sentiment for Gorman Rupp Co (NYSEMKT:GRC)

Gorman Rupp Co (NYSEMKT:GRC) institutional sentiment decreased to 0.89 in 2018 Q1. Its down -0.66, from 1.55 in 2017Q4. The ratio dropped, as 39 active investment managers increased and opened new equity positions, while 44 reduced and sold positions in Gorman Rupp Co. The active investment managers in our partner’s database now hold: 13.93 million shares, up from 13.80 million shares in 2017Q4. Also, the number of active investment managers holding Gorman Rupp Co in their top 10 equity positions decreased from 2 to 1 for a decrease of 1. Sold All: 9 Reduced: 35 Increased: 25 New Position: 14.

The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems worldwide. The company has market cap of $954.32 million. The companyÂ’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, bellow, and oscillating pumps. It has a 28.52 P/E ratio. The Company’s products are used in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, military, and other liquid-handling applications, as well as in heating, ventilating, and air conditioning applications.

The stock increased 0.66% or $0.24 during the last trading session, reaching $36.54. About 20,684 shares traded. The Gorman-Rupp Company (NYSEMKT:GRC) has risen 40.72% since September 8, 2017 and is uptrending. It has outperformed by 28.15% the S&P500.

Grace & White Inc Ny holds 2.18% of its portfolio in The Gorman-Rupp Company for 363,252 shares. Fruth Investment Management owns 67,026 shares or 0.87% of their US portfolio. Moreover, Teton Advisors Inc. has 0.36% invested in the company for 130,000 shares. The Tennessee-based Lbmc Investment Advisors Llc has invested 0.31% in the stock. Signature Financial Management Inc., a Virginia-based fund reported 37,247 shares.

Since January 1, 0001, it had 0 buys, and 3 selling transactions for $307,702 activity.

Another recent and important The Gorman-Rupp Company (NYSE:GRC) news was published by Nasdaq.com which published an article titled: “Investor Expectations to Drive Momentum within Groupon, JetBlue Airways, BRF SA, INTL FCStone, Oasis Petroleum …” on August 22, 2018.

The Gorman-Rupp Company (NYSE:GRC) Institutional Positions Chart

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