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

GMR Solutions (NYSE:GMRS) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

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

GMR Solutions Stock Down 2.9%

GMR Solutions stock opened at $11.42 on Wednesday. GMR Solutions has a 12-month low of $8.99 and a 12-month high of $15.98. The company has a debt-to-equity ratio of 4.59, a quick ratio of 2.01 and a current ratio of 1.74. The business’s 50-day moving average price is $11.27.

GMR Solutions (NYSE:GMRS) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.17. The firm had revenue of $1.60 billion during the quarter. On average, research analysts anticipate that GMR Solutions will post 1.82 EPS for the current fiscal year.

Insider Activity at GMR Solutions

In other news, CAO Jessica Hall sold 23,687 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $12.20, for a total value of $288,981.40. Following the transaction, the chief accounting officer directly owned 62,566 shares in the company, valued at $763,305.20. This trade represents a 27.46% decrease in their position. The transaction 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, EVP Lisa Jacoba sold 92,680 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $12.20, for a total value of $1,130,696.00. Following the completion of the transaction, the executive vice president owned 198,603 shares in the company, valued at approximately $2,422,956.60. This trade represents a 31.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 2,353,423 shares of company stock valued at $28,711,761 over the last three months.

Institutional Trading of GMR Solutions

Several large investors have recently added to or reduced their stakes in GMRS. Citadel Advisors LLC acquired a new position in shares of GMR Solutions during the second quarter worth about $49,284,000. Alyeska Investment Group L.P. acquired a new stake in shares of GMR Solutions in the second quarter valued at about $36,817,000. Readystate Asset Management LP acquired a new stake in shares of GMR Solutions in the second quarter valued at about $12,936,000. Steamboat Capital Partners LLC acquired a new stake in shares of GMR Solutions in the second quarter valued at about $9,184,000. Finally, State Street Corp raised its holdings in shares of GMR Solutions by 275.8% during the 3rd quarter. State Street Corp now owns 618,002 shares of the company’s stock valued at $5,951,000 after buying an additional 453,552 shares during the period.

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.