Park-Ohio Holdings Corp. (PKOH) Receives Consensus Recommendation of “Hold” from Analysts

Park-Ohio Holdings Corp. (NASDAQ:PKOH) has been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.

Several analysts have recently issued reports on the company. BidaskClub upgraded Park-Ohio from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Zacks Investment Research downgraded Park-Ohio from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. ValuEngine downgraded Park-Ohio from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. B. Riley reiterated a “neutral” rating on shares of Park-Ohio in a research note on Wednesday, November 1st. Finally, FBR & Co reiterated a “hold” rating on shares of Park-Ohio in a research note on Thursday, October 5th.

Shares of Park-Ohio (NASDAQ PKOH) opened at $46.30 on Tuesday. The stock has a market capitalization of $589.56, a PE ratio of 19.62 and a beta of 3.47. Park-Ohio has a 52 week low of $34.25 and a 52 week high of $47.80. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.39 and a current ratio of 2.36.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). The company had revenue of $352.20 million for the quarter, compared to the consensus estimate of $345.17 million. Park-Ohio had a return on equity of 14.79% and a net margin of 2.16%. research analysts expect that Park-Ohio will post 3.18 earnings per share for the current year.

In related news, COO Matthew V. Crawford sold 4,122 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $44.38, for a total transaction of $182,934.36. Following the completion of the sale, the chief operating officer now owns 997,433 shares in the company, valued at approximately $44,266,076.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ronna Romney sold 3,000 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $46.41, for a total value of $139,230.00. Following the sale, the director now owns 24,478 shares of the company’s stock, valued at approximately $1,136,023.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,715 shares of company stock valued at $1,008,612. 31.00% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Park-Ohio by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 380,717 shares of the industrial products company’s stock valued at $14,506,000 after purchasing an additional 13,983 shares during the period. Deprince Race & Zollo Inc. raised its holdings in Park-Ohio by 14.5% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 172,575 shares of the industrial products company’s stock valued at $7,869,000 after acquiring an additional 21,807 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Park-Ohio by 254.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 17,641 shares of the industrial products company’s stock valued at $672,000 after acquiring an additional 12,660 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Park-Ohio by 8.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 717,368 shares of the industrial products company’s stock valued at $27,332,000 after acquiring an additional 55,315 shares in the last quarter. Finally, Foundry Partners LLC raised its holdings in Park-Ohio by 8.2% in the 3rd quarter. Foundry Partners LLC now owns 79,243 shares of the industrial products company’s stock valued at $3,613,000 after acquiring an additional 6,008 shares in the last quarter. Hedge funds and other institutional investors own 55.93% of the company’s stock.

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Park-Ohio Company Profile

Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products.

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