SG Americas Securities LLC Takes $126,000 Position in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

SG Americas Securities LLC bought a new stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,670 shares of the industrial products company’s stock, valued at approximately $126,000.

Other large investors also recently modified their holdings of the company. Barclays PLC bought a new position in shares of Park-Ohio in the second quarter valued at approximately $32,000. Gladius Capital Management LP purchased a new stake in shares of Park-Ohio during the third quarter valued at approximately $37,000. Tower Research Capital LLC TRC increased its position in shares of Park-Ohio by 76.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,003 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 865 shares during the last quarter. Bank of America Corp DE increased its position in shares of Park-Ohio by 501.8% during the first quarter. Bank of America Corp DE now owns 2,335 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 1,947 shares during the last quarter. Finally, California State Teachers Retirement System purchased a new stake in shares of Park-Ohio during the second quarter valued at approximately $53,000. Institutional investors own 51.38% of the company’s stock.

Park-Ohio Stock Performance

NASDAQ:PKOH opened at $23.31 on Thursday. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.27 and a quick ratio of 1.14. The business has a fifty day simple moving average of $25.41 and a two-hundred day simple moving average of $24.61. Park-Ohio Holdings Corp. has a 1 year low of $12.07 and a 1 year high of $28.79. The company has a market capitalization of $304.66 million, a P/E ratio of 37.00 and a beta of 1.23.

Park-Ohio (NASDAQ:PKOH) last released its earnings results on Wednesday, March 6th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $389.30 million during the quarter, compared to analysts’ expectations of $386.45 million. Park-Ohio had a return on equity of 13.45% and a net margin of 0.47%. During the same period in the prior year, the business earned ($0.09) earnings per share. On average, analysts expect that Park-Ohio Holdings Corp. will post 3.36 earnings per share for the current year.

Park-Ohio Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Thursday, February 8th. Park-Ohio’s dividend payout ratio (DPR) is presently 79.37%.

Insider Activity

In related news, Director James W. Wert sold 1,000 shares of Park-Ohio stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $26.00, for a total transaction of $26,000.00. Following the completion of the sale, the director now owns 89,190 shares of the company’s stock, valued at $2,318,940. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director James W. Wert sold 1,000 shares of Park-Ohio stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $26.00, for a total transaction of $26,000.00. Following the completion of the sale, the director now owns 89,190 shares of the company’s stock, valued at $2,318,940. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James W. Wert sold 1,500 shares of Park-Ohio stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $25.98, for a total value of $38,970.00. Following the sale, the director now directly owns 82,690 shares of the company’s stock, valued at approximately $2,148,286.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,500 shares of company stock worth $91,990. 33.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Park-Ohio from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th.

Park-Ohio Company Profile

Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.