GSA Capital Partners LLP Has $1.83 Million Position in Park-Ohio Holdings Corp. (PKOH)
GSA Capital Partners LLP increased its stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 19.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,067 shares of the industrial products company’s stock after acquiring an additional 7,705 shares during the period. GSA Capital Partners LLP owned about 0.39% of Park-Ohio Holdings Corp. worth $1,831,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its stake in Park-Ohio Holdings Corp. by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 13,842 shares of the industrial products company’s stock valued at $590,000 after buying an additional 581 shares during the period. Strs Ohio raised its stake in 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 valued at $647,000 after buying an additional 6,100 shares during the period. Russell Investments Group Ltd. raised its stake in Park-Ohio Holdings Corp. by 31.7% in the first quarter. Russell Investments Group Ltd. now owns 4,981 shares of the industrial products company’s stock valued at $180,000 after buying an additional 1,200 shares during the period. Bank of New York Mellon Corp raised its stake in Park-Ohio Holdings Corp. by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 74,799 shares of the industrial products company’s stock valued at $2,689,000 after buying an additional 2,164 shares during the period. Finally, Oxford Asset Management bought a new stake in Park-Ohio Holdings Corp. in the first quarter valued at approximately $202,000. Institutional investors and hedge funds own 55.12% of the company’s stock.
In related news, COO Matthew V. Crawford sold 15,808 shares of Park-Ohio Holdings Corp. stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $39.47, for a total value of $623,941.76. Following the sale, the chief operating officer now owns 1,032,645 shares of the company’s stock, valued at approximately $40,758,498.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Matthew V. Crawford sold 3,662 shares of Park-Ohio Holdings Corp. stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.24, for a total transaction of $147,358.88. Following the completion of the sale, the chief operating officer now directly owns 1,016,145 shares in the company, valued at approximately $40,889,674.80. The disclosure for this sale can be found here. Insiders sold a total of 26,162 shares of company stock worth $1,041,861 in the last ninety days. 31.00% of the stock is currently owned by insiders.
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Shares of Park-Ohio Holdings Corp. (PKOH) opened at 43.55 on Friday. The company has a market cap of $531.27 million, a price-to-earnings ratio of 16.48 and a beta of 3.42. The firm has a 50-day moving average price of $39.86 and a 200 day moving average price of $38.21. Park-Ohio Holdings Corp. has a 1-year low of $30.01 and a 1-year high of $47.00.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last announced its earnings results on Monday, August 7th. The industrial products company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Park-Ohio Holdings Corp. had a return on equity of 16.90% and a net margin of 2.50%. The firm had revenue of $350.90 million for the quarter, compared to the consensus estimate of $355.83 million. On average, analysts predict that Park-Ohio Holdings Corp. will post $3.24 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were issued a $0.125 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.15%. Park-Ohio Holdings Corp.’s dividend payout ratio (DPR) is presently 18.80%.
Several research firms have issued reports on PKOH. ValuEngine upgraded Park-Ohio Holdings Corp. from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. FBR & Co upped their price objective on Park-Ohio Holdings Corp. from $33.00 to $37.00 and gave the company a “mkt perform” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Friday. Finally, BidaskClub lowered Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Park-Ohio Holdings Corp. currently has a consensus rating of “Buy” and a consensus price target of $44.33.
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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