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.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.05). The company 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 will post 3.18 EPS for the current year.

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.

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About Park-Ohio

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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