Park-Ohio (NASDAQ:PKOH) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

A number of other equities research analysts have also weighed in on the company. BidaskClub lowered Park-Ohio from a “sell” rating to a “strong sell” rating in a research note on Friday, October 12th. Zacks Investment Research upgraded Park-Ohio from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Tuesday, August 14th. Finally, B. Riley restated a “neutral” rating on shares of Park-Ohio in a research note on Wednesday, November 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $40.00.

Shares of PKOH stock traded down $1.63 during trading hours on Thursday, reaching $34.10. 53,100 shares of the company’s stock were exchanged, compared to its average volume of 24,512. Park-Ohio has a 1 year low of $32.32 and a 1 year high of $47.90. The firm has a market capitalization of $453.83 million, a price-to-earnings ratio of 10.56 and a beta of 2.78. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.42 and a current ratio of 2.43.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.15. Park-Ohio had a return on equity of 16.17% and a net margin of 2.76%. The business had revenue of $414.30 million for the quarter, compared to analyst estimates of $404.00 million. As a group, equities analysts forecast that Park-Ohio will post 3.96 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. First Trust Advisors LP grew its stake in shares of Park-Ohio by 17.6% during the second quarter. First Trust Advisors LP now owns 9,907 shares of the industrial products company’s stock worth $370,000 after acquiring an additional 1,482 shares during the last quarter. Gabelli Funds LLC lifted its holdings in shares of Park-Ohio by 0.4% during the third quarter. Gabelli Funds LLC now owns 414,500 shares of the industrial products company’s stock worth $15,896,000 after purchasing an additional 1,500 shares during the period. Strs Ohio lifted its holdings in shares of Park-Ohio by 9.8% during the second quarter. Strs Ohio now owns 18,000 shares of the industrial products company’s stock worth $671,000 after purchasing an additional 1,600 shares during the period. Morgan Stanley lifted its holdings in shares of Park-Ohio by 4.4% during the third quarter. Morgan Stanley now owns 47,057 shares of the industrial products company’s stock worth $1,805,000 after purchasing an additional 1,990 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Park-Ohio by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 32,054 shares of the industrial products company’s stock worth $1,229,000 after purchasing an additional 2,384 shares during the period. Institutional investors and hedge funds own 54.06% of the company’s stock.

About Park-Ohio

Park-Ohio Holdings Corp., through its subsidiaries, provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Asia, Europe, Canada, Mexico, and internationally. The company's Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.

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