Park-Ohio Holdings Corp. (PKOH) Rating Reiterated by FBR & Co
Park-Ohio Holdings Corp. (NASDAQ:PKOH)‘s stock had its “hold” rating restated by FBR & Co in a report issued on Thursday.
PKOH has been the topic of a number of other research reports. ValuEngine raised shares of Park-Ohio Holdings Corp. from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Thursday, August 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $45.00.
Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) traded up 0.3170% on Thursday, hitting $46.3966. 12,040 shares of the stock traded hands. Park-Ohio Holdings Corp. has a 52 week low of $30.01 and a 52 week high of $47.00. The firm’s 50 day moving average is $41.40 and its 200 day moving average is $38.76. The firm has a market capitalization of $565.99 million, a PE ratio of 17.5612 and a beta of 3.46.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last announced its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.02. The business had revenue of $350.90 million for the quarter, compared to analyst estimates of $355.83 million. Park-Ohio Holdings Corp. had a net margin of 2.50% and a return on equity of 16.90%. On average, analysts expect that Park-Ohio Holdings Corp. will post $3.24 EPS for the current fiscal year.
In other Park-Ohio Holdings Corp. news, insider Robert D. Vilsack sold 7,436 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $45.02, for a total transaction of $334,768.72. Following the sale, the insider now directly owns 103,527 shares of the company’s stock, valued at $4,660,785.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James W. Wert sold 2,500 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $40.80, for a total transaction of $102,000.00. Following the sale, the director now directly owns 81,695 shares in the company, valued at $3,333,156. The disclosure for this sale can be found here. Insiders have sold 39,650 shares of company stock worth $1,647,828 over the last ninety days. Insiders own 31.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of PKOH. Russell Investments Group Ltd. raised its position in Park-Ohio Holdings Corp. by 31.7% during the first quarter. Russell Investments Group Ltd. now owns 4,981 shares of the industrial products company’s stock worth $180,000 after acquiring an additional 1,200 shares in the last quarter. American International Group Inc. raised its position in Park-Ohio Holdings Corp. by 7.1% during the first quarter. American International Group Inc. now owns 5,238 shares of the industrial products company’s stock worth $188,000 after acquiring an additional 346 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in Park-Ohio Holdings Corp. during the second quarter worth $197,000. Oxford Asset Management bought a new stake in Park-Ohio Holdings Corp. during the first quarter worth $202,000. Finally, Royal Bank of Canada raised its position in Park-Ohio Holdings Corp. by 0.7% during the second quarter. Royal Bank of Canada now owns 5,663 shares of the industrial products company’s stock worth $216,000 after acquiring an additional 37 shares in the last quarter. 55.12% of the stock is currently owned by hedge funds and other institutional investors.
About Park-Ohio Holdings Corp.
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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