Park-Ohio’s (PKOH) “Neutral” Rating Reiterated at B. Riley

Park-Ohio (NASDAQ:PKOH)‘s stock had its “neutral” rating reissued by B. Riley in a report released on Wednesday. B. Riley also issued estimates for Park-Ohio’s FY2018 earnings at $3.97 EPS, Q2 2019 earnings at $1.10 EPS, Q4 2019 earnings at $1.12 EPS and FY2019 earnings at $4.31 EPS.

A number of other equities analysts have also commented on the stock. BidaskClub lowered shares of Park-Ohio from a “sell” rating to a “strong sell” rating in a report on Friday, October 12th. ValuEngine lowered shares of Park-Ohio from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Finally, Zacks Investment Research upgraded shares of Park-Ohio from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.00.

Shares of PKOH stock opened at $38.31 on Wednesday. Park-Ohio has a 12 month low of $32.32 and a 12 month high of $47.90. The company has a current ratio of 2.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $486.54 million, a price-to-earnings ratio of 11.86 and a beta of 2.75.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.15. Park-Ohio had a net margin of 2.76% and a return on equity of 16.38%. The firm had revenue of $414.30 million for the quarter, compared to analyst estimates of $404.00 million. Sell-side analysts forecast that Park-Ohio will post 3.89 EPS for the current fiscal year.

In other Park-Ohio news, insider Edward F. Crawford sold 48,186 shares of the business’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $40.59, for a total value of $1,955,869.74. Following the transaction, the insider now owns 1,522,148 shares in the company, valued at approximately $61,783,987.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 31.20% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its stake in shares of Park-Ohio by 7.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 45,160 shares of the industrial products company’s stock valued at $1,685,000 after purchasing an additional 3,290 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Park-Ohio by 279.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,426 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 3,259 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Park-Ohio by 15.1% in the 2nd quarter. Renaissance Technologies LLC now owns 85,200 shares of the industrial products company’s stock valued at $3,178,000 after purchasing an additional 11,200 shares in the last quarter. Sun Life Financial INC acquired a new stake in shares of Park-Ohio in the 2nd quarter valued at about $165,000. Finally, Victory Capital Management Inc. raised its stake in shares of Park-Ohio by 15.1% in the 2nd quarter. Victory Capital Management Inc. now owns 26,700 shares of the industrial products company’s stock valued at $996,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 53.18% of the company’s stock.

Park-Ohio Company Profile

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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