Park-Ohio (PKOH) Upgraded to “Sell” at ValuEngine

Park-Ohio (NASDAQ:PKOH) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Monday, ValuEngine reports.

Other equities analysts have also recently issued reports about the stock. TheStreet cut shares of Park-Ohio from a “b-” rating to a “c+” rating in a research report on Wednesday, December 19th. Zacks Investment Research cut shares of Park-Ohio from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Finally, BidaskClub raised shares of Park-Ohio from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Park-Ohio currently has an average rating of “Hold” and a consensus target price of $39.00.

NASDAQ PKOH traded up $1.49 during trading hours on Monday, hitting $36.67. The company had a trading volume of 67,207 shares, compared to its average volume of 25,886. Park-Ohio has a fifty-two week low of $28.01 and a fifty-two week high of $43.15. The company has a market cap of $444.32 million, a P/E ratio of 8.57 and a beta of 2.35. The company has a current ratio of 2.41, a quick ratio of 1.35 and a debt-to-equity ratio of 1.75.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings results on Monday, March 4th. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.32. Park-Ohio had a return on equity of 17.24% and a net margin of 3.23%. The firm had revenue of $405.90 million during the quarter, compared to the consensus estimate of $410.37 million. On average, sell-side analysts forecast that Park-Ohio will post 4.43 EPS for the current fiscal year.

In other Park-Ohio news, Director Ronna Romney sold 2,195 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $32.99, for a total value of $72,413.05. Following the completion of the transaction, the director now directly owns 16,900 shares of the company’s stock, valued at approximately $557,531. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 31.20% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its stake in Park-Ohio by 36.1% in the third quarter. Wells Fargo & Company MN now owns 50,613 shares of the industrial products company’s stock worth $1,941,000 after acquiring an additional 13,419 shares during the period. JPMorgan Chase & Co. lifted its stake in Park-Ohio by 8.0% in the third quarter. JPMorgan Chase & Co. now owns 32,054 shares of the industrial products company’s stock worth $1,229,000 after acquiring an additional 2,384 shares during the period. BlackRock Inc. lifted its stake in Park-Ohio by 2.9% in the third quarter. BlackRock Inc. now owns 553,007 shares of the industrial products company’s stock worth $21,209,000 after acquiring an additional 15,371 shares during the period. FMR LLC lifted its stake in Park-Ohio by 5.8% in the third quarter. FMR LLC now owns 67,225 shares of the industrial products company’s stock worth $2,578,000 after acquiring an additional 3,713 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Park-Ohio by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 877,582 shares of the industrial products company’s stock worth $33,655,000 after acquiring an additional 30,831 shares during the period. 53.85% of the stock is owned by institutional investors.

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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