Park-Ohio Holdings Corp. (PKOH) Director Patrick W. Fogarty Sells 13,500 Shares
Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Patrick W. Fogarty sold 13,500 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $47.05, for a total value of $635,175.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Park-Ohio Holdings Corp. (NASDAQ PKOH) traded down $0.50 during midday trading on Thursday, reaching $46.50. The company’s stock had a trading volume of 25,090 shares, compared to its average volume of 32,187. The company has a current ratio of 2.36, a quick ratio of 1.39 and a debt-to-equity ratio of 1.79. Park-Ohio Holdings Corp. has a 52-week low of $34.25 and a 52-week high of $47.80. The firm has a market cap of $588.31, a price-to-earnings ratio of 15.49 and a beta of 3.52.
Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The firm had revenue of $352.20 million during the quarter, compared to analyst estimates of $345.17 million. Park-Ohio had a net margin of 2.16% and a return on equity of 14.79%. research analysts expect that Park-Ohio Holdings Corp. will post 3.18 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PKOH. American International Group Inc. grew its holdings in shares of Park-Ohio by 7.1% during the 1st quarter. American International Group Inc. now owns 5,238 shares of the industrial products company’s stock worth $188,000 after purchasing an additional 346 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Park-Ohio during the 2nd quarter worth $197,000. Royal Bank of Canada grew its holdings in shares of Park-Ohio by 0.7% during the 2nd quarter. Royal Bank of Canada now owns 5,663 shares of the industrial products company’s stock worth $216,000 after purchasing an additional 37 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Park-Ohio during the 2nd quarter worth $228,000. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Park-Ohio by 154.5% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,067 shares of the industrial products company’s stock worth $231,000 after buying an additional 3,076 shares during the last quarter. 56.00% of the stock is currently owned by institutional investors.
PKOH has been the topic of a number of research analyst reports. Zacks Investment Research cut Park-Ohio from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. FBR & Co reaffirmed a “hold” rating on shares of Park-Ohio in a report on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $42.00.
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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