GMR Solutions (NYSE:GMRS) Raised to “Strong-Buy” at Zacks Research

GMR Solutions (NYSE:GMRS) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday, Zacks reports.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. raised their price objective on GMR Solutions from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, September 11th. The Goldman Sachs Group set a $30.00 target price on GMR Solutions in a research report on Tuesday, August 18th. Citigroup cut their target price on GMR Solutions from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of GMR Solutions in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, GMR Solutions has an average rating of “Moderate Buy” and a consensus price target of $18.56.

GMR Solutions Stock Performance

Shares of GMR Solutions stock opened at $11.42 on Wednesday. GMR Solutions has a 1-year low of $8.99 and a 1-year high of $15.98. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.74 and a quick ratio of 2.01. The firm’s 50-day simple moving average is $11.27.

GMR Solutions (NYSE:GMRS) last released its quarterly earnings results on Monday, November 9th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.47 by $0.17. The business had revenue of $1.60 billion during the quarter. As a group, analysts predict that GMR Solutions will post 1.82 EPS for the current fiscal year.

Insider Buying and Selling at GMR Solutions

In related news, CFO Brian Scott Tierney sold 265,794 shares of GMR Solutions stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $12.20, for a total value of $3,242,686.80. Following the sale, the chief financial officer directly owned 554,955 shares in the company, valued at $6,770,451. This trade represents a 32.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Horne Edward Van sold 262,278 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $12.20, for a total transaction of $3,199,791.60. Following the transaction, the chief operating officer directly owned 575,004 shares of the company’s stock, valued at $7,015,048.80. The trade was a 31.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 2,353,423 shares of company stock valued at $28,711,761.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Royce & Associates LP acquired a new stake in shares of GMR Solutions in the third quarter valued at approximately $123,000. State of Wyoming acquired a new position in shares of GMR Solutions during the third quarter worth approximately $137,000. Two Sigma Securities LLC bought a new position in GMR Solutions in the 2nd quarter worth approximately $169,000. Premier Path Wealth Partners LLC bought a new position in GMR Solutions in the 2nd quarter worth approximately $348,000. Finally, Squarepoint Ops LLC bought a new position in GMR Solutions in the 2nd quarter worth approximately $801,000.

About GMR Solutions

GMR Solutions Inc. is a provider of emergency medical services delivering EMS and other essential out-of-hospital care in rural and urban communities. GMR Solutions Inc. is based in Lewisville, Texas.