Bank of New York Mellon Corp Raises Position in Park-Ohio Holdings Corp. (NASDAQ:PKOH)
Bank of New York Mellon Corp increased its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,799 shares of the industrial products company’s stock after buying an additional 2,164 shares during the period. Bank of New York Mellon Corp’s holdings in Park-Ohio Holdings Corp. were worth $2,689,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in PKOH. Renaissance Technologies LLC raised its stake in shares of Park-Ohio Holdings Corp. by 25.1% in the fourth quarter. Renaissance Technologies LLC now owns 104,700 shares of the industrial products company’s stock worth $4,460,000 after buying an additional 21,000 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Park-Ohio Holdings Corp. by 252.9% in the fourth quarter. Two Sigma Investments LP now owns 21,946 shares of the industrial products company’s stock worth $935,000 after buying an additional 15,727 shares during the last quarter. James Investment Research Inc. bought a new stake in shares of Park-Ohio Holdings Corp. during the first quarter worth $2,230,000. Strs Ohio raised its stake in shares of Park-Ohio Holdings Corp. by 51.3% in the first quarter. Strs Ohio now owns 18,000 shares of the industrial products company’s stock worth $647,000 after buying an additional 6,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Park-Ohio Holdings Corp. by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 613,774 shares of the industrial products company’s stock worth $26,147,000 after buying an additional 24,396 shares during the last quarter. 55.86% of the stock is currently owned by hedge funds and other institutional investors.
Park-Ohio Holdings Corp. (NASDAQ PKOH) opened at 38.85 on Friday. The company’s 50-day moving average is $37.13 and its 200-day moving average is $39.73. The stock has a market capitalization of $474.09 million, a PE ratio of 12.35 and a beta of 3.47. Park-Ohio Holdings Corp. has a 12 month low of $27.37 and a 12 month high of $47.00.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last issued its earnings results on Monday, May 8th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.01. Park-Ohio Holdings Corp. had a return on equity of 16.89% and a net margin of 3.00%. The business had revenue of $343.80 million for the quarter, compared to the consensus estimate of $342.47 million. Equities research analysts forecast that Park-Ohio Holdings Corp. will post $3.20 EPS for the current year.
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PKOH has been the topic of a number of research reports. Zacks Investment Research lowered shares of Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, March 21st. TheStreet raised shares of Park-Ohio Holdings Corp. from a “c” rating to a “b-” rating in a research note on Monday, May 8th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $45.75.
In other Park-Ohio Holdings Corp. news, Director Patrick V. Auletta sold 2,010 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $38.55, for a total transaction of $77,485.50. Following the transaction, the director now directly owns 18,645 shares in the company, valued at approximately $718,764.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 31.00% of the stock is owned by corporate insiders.
Park-Ohio Holdings Corp. Company Profile
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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