Park-Ohio (PKOH) Downgraded by BidaskClub
BidaskClub downgraded shares of Park-Ohio (NASDAQ:PKOH) from a buy rating to a hold rating in a research report released on Thursday.
A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded Park-Ohio from a buy rating to a hold rating in a research note on Friday, November 10th. ValuEngine downgraded Park-Ohio from a strong-buy rating to a buy rating in a research note on Thursday, November 9th. B. Riley reiterated a neutral rating on shares of Park-Ohio in a research report on Wednesday, November 1st. Finally, FBR & Co reiterated a hold rating on shares of Park-Ohio in a research report on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Park-Ohio currently has a consensus rating of Hold and an average price target of $42.00.
Shares of Park-Ohio (NASDAQ PKOH) traded down $0.60 on Thursday, reaching $42.70. The company had a trading volume of 18,299 shares, compared to its average volume of 23,339. The company has a market cap of $535.07, a P/E ratio of 14.09 and a beta of 3.47. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.39 and a current ratio of 2.36. Park-Ohio has a 52-week low of $34.25 and a 52-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 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.05). The company had revenue of $352.20 million for the quarter, compared to the consensus estimate of $345.17 million. Park-Ohio had a return on equity of 14.79% and a net margin of 2.16%. equities analysts predict that Park-Ohio will post 3.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 14th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.17%. Park-Ohio’s dividend payout ratio (DPR) is presently 21.19%.
In other news, insider Robert D. Vilsack sold 1,093 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $46.91, for a total value of $51,272.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Matthew V. Crawford sold 15,808 shares of the company’s stock in a transaction 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 completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 54,743 shares of company stock valued at $2,371,506 in the last quarter. 31.00% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Park-Ohio by 154.5% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,067 shares of the industrial products company’s stock valued at $231,000 after buying an additional 3,076 shares during the period. Algert Global LLC lifted its holdings in shares of Park-Ohio by 229.9% in the third quarter. Algert Global LLC now owns 44,348 shares of the industrial products company’s stock valued at $2,022,000 after buying an additional 30,906 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Park-Ohio by 9.3% in the third quarter. California Public Employees Retirement System now owns 39,470 shares of the industrial products company’s stock valued at $1,800,000 after buying an additional 3,370 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Park-Ohio by 117.3% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 11,300 shares of the industrial products company’s stock valued at $514,000 after buying an additional 6,100 shares during the period. Finally, Royce & Associates LP lifted its holdings in shares of Park-Ohio by 12.4% in the third quarter. Royce & Associates LP now owns 159,632 shares of the industrial products company’s stock valued at $7,279,000 after buying an additional 17,552 shares during the period. Institutional investors and hedge funds own 55.93% of the company’s stock.
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Park-Ohio 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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