Park-Ohio (PKOH) Downgraded by BidaskClub
Park-Ohio (NASDAQ:PKOH) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.
Other equities analysts have also recently issued research reports about the company. FBR & Co boosted their price objective on Park-Ohio from $33.00 to $37.00 and gave the company a “mkt perform” rating in a report on Wednesday, August 9th. Zacks Investment Research cut Park-Ohio from a “buy” rating to a “hold” rating in a report on Friday, August 18th. B. Riley reissued a “neutral” rating on shares of Park-Ohio in a report on Wednesday, November 1st. Finally, ValuEngine cut Park-Ohio from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.00.
Shares of Park-Ohio (PKOH) traded up $0.15 during mid-day trading on Thursday, hitting $43.30. The stock had a trading volume of 20,336 shares, compared to its average volume of 32,024. The firm has a market cap of $545.08, a PE ratio of 14.36 and a beta of 3.47. 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 has a fifty-two week low of $34.25 and a fifty-two week high of $47.80.
In related news, insider Robert D. Vilsack sold 7,436 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $45.02, for a total value of $334,768.72. Following the completion of the transaction, the insider now owns 103,527 shares of the company’s stock, valued at approximately $4,660,785.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert D. Vilsack sold 1,093 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $46.91, for a total value of $51,272.63. The disclosure for this sale can be found here. Insiders sold a total of 54,743 shares of company stock valued at $2,371,506 in the last ninety days. 31.00% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PKOH. Deprince Race & Zollo Inc. acquired a new position in Park-Ohio in the 2nd quarter worth about $5,744,000. Rice Hall James & Associates LLC acquired a new position in Park-Ohio in the 3rd quarter worth about $2,589,000. 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 worth $27,332,000 after purchasing an additional 55,315 shares during the period. Northpointe Capital LLC raised its holdings in shares of Park-Ohio by 42.6% during the third quarter. Northpointe Capital LLC now owns 173,362 shares of the industrial products company’s stock valued at $7,905,000 after acquiring an additional 51,782 shares during the last quarter. Finally, Monarch Partners Asset Management LLC raised its holdings in shares of Park-Ohio by 346.1% during the second quarter. Monarch Partners Asset Management LLC now owns 63,660 shares of the industrial products company’s stock valued at $2,425,000 after acquiring an additional 49,390 shares during the last quarter. 55.93% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION WARNING: “Park-Ohio (PKOH) Downgraded by BidaskClub” was posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/07/park-ohio-pkoh-downgraded-by-bidaskclub.html.
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.
Receive News & Ratings for Park-Ohio Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park-Ohio Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.