BidaskClub cut shares of Park-Ohio (NASDAQ:PKOH) from a buy rating to a hold rating in a research note published on Thursday morning.

PKOH has been the topic of several other research reports. ValuEngine cut shares of Park-Ohio from a strong-buy rating to a buy rating in a research note on Monday, October 2nd. FBR & Co reiterated a hold rating on shares of Park-Ohio in a research note on Thursday, October 5th. Zacks Investment Research cut shares of Park-Ohio from a buy rating to a hold rating in a research note on Wednesday, October 11th. Finally, B. Riley reiterated a neutral rating on shares of Park-Ohio in a research note on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $42.00.

Park-Ohio (PKOH) opened at $47.35 on Thursday. Park-Ohio has a one year low of $34.25 and a one year high of $47.90. The company has a quick ratio of 1.39, a current ratio of 2.36 and a debt-to-equity ratio of 1.79. The firm has a market cap of $593.34, a P/E ratio of 20.06 and a beta of 3.47.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.05). Park-Ohio had a return on equity of 14.79% and a net margin of 2.16%. The business had revenue of $352.20 million during the quarter, compared to the consensus estimate of $345.17 million. research analysts expect that Park-Ohio will post 3.18 earnings per share for the current fiscal year.

In other Park-Ohio news, Director Patrick W. Fogarty sold 13,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $47.05, for a total transaction of $635,175.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Matthew V. Crawford sold 4,122 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $44.38, for a total transaction of $182,934.36. Following the sale, the chief operating officer now owns 997,433 shares in the company, valued at approximately $44,266,076.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,715 shares of company stock worth $1,008,612. 31.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PKOH. Bank of New York Mellon Corp raised its stake in Park-Ohio by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 75,203 shares of the industrial products company’s stock worth $2,866,000 after acquiring an additional 404 shares during the period. Martingale Asset Management L P raised its stake in Park-Ohio by 4.7% during the 2nd quarter. Martingale Asset Management L P now owns 28,715 shares of the industrial products company’s stock worth $1,095,000 after acquiring an additional 1,300 shares during the period. Teachers Advisors LLC raised its stake in Park-Ohio by 4.0% during the 2nd quarter. Teachers Advisors LLC now owns 15,695 shares of the industrial products company’s stock worth $598,000 after acquiring an additional 603 shares during the period. Ameriprise Financial Inc. bought a new stake in Park-Ohio during the 2nd quarter worth approximately $228,000. Finally, GSA Capital Partners LLP raised its stake in Park-Ohio by 19.1% during the 2nd quarter. GSA Capital Partners LLP now owns 48,067 shares of the industrial products company’s stock worth $1,831,000 after acquiring an additional 7,705 shares during the period. Institutional investors 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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