FBR & Co reiterated their hold rating on shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) in a research report sent to investors on Thursday.

Several other research firms also recently weighed in on PKOH. ValuEngine downgraded Park-Ohio Holdings Corp. from a strong-buy rating to a buy rating in a research report on Monday. Zacks Investment Research upgraded Park-Ohio Holdings Corp. from a hold rating to a buy rating and set a $48.00 target price on the stock in a research report on Thursday, September 28th. Finally, BidaskClub upgraded Park-Ohio Holdings Corp. from a sell rating to a hold rating in a research report on Wednesday, August 16th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $45.00.

Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) traded up 0.76% during mid-day trading on Thursday, reaching $46.25. The company had a trading volume of 19,241 shares. The company has a market capitalization of $564.20 million, a price-to-earnings ratio of 17.51 and a beta of 3.46. The stock has a 50 day moving average of $41.54 and a 200-day moving average of $38.81. Park-Ohio Holdings Corp. has a 52 week low of $30.01 and a 52 week high of $47.00.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last issued its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $350.90 million for the quarter, compared to the consensus estimate of $355.83 million. Park-Ohio Holdings Corp. had a return on equity of 16.90% and a net margin of 2.50%. On average, analysts expect that Park-Ohio Holdings Corp. will post $3.24 earnings per share for the current fiscal year.

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In related news, Director James W. Wert sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $40.80, for a total value of $102,000.00. Following the completion of the sale, the director now owns 81,695 shares of the company’s stock, valued at $3,333,156. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert D. Vilsack sold 7,436 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $45.02, for a total value of $334,768.72. Following the completion of the sale, the insider now directly owns 103,527 shares of the company’s stock, valued at approximately $4,660,785.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,650 shares of company stock valued at $1,647,828. Insiders own 31.00% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in shares of Park-Ohio Holdings Corp. by 8.4% in the second quarter. Dimensional Fund Advisors LP now owns 717,368 shares of the industrial products company’s stock valued at $27,332,000 after purchasing an additional 55,315 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Park-Ohio Holdings Corp. by 3.8% in the second quarter. Vanguard Group Inc. now owns 380,717 shares of the industrial products company’s stock valued at $14,506,000 after purchasing an additional 13,983 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Park-Ohio Holdings Corp. by 1.3% in the second quarter. Blair William & Co. IL now owns 203,192 shares of the industrial products company’s stock valued at $7,742,000 after purchasing an additional 2,665 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new stake in shares of Park-Ohio Holdings Corp. in the second quarter valued at approximately $5,744,000. Finally, Royce & Associates LP increased its holdings in shares of Park-Ohio Holdings Corp. by 20.3% in the second quarter. Royce & Associates LP now owns 142,080 shares of the industrial products company’s stock valued at $5,413,000 after purchasing an additional 23,958 shares during the last quarter. 55.12% of the stock is owned by hedge funds and other institutional investors.

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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