Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director James W. Wert bought 2,500 shares of Park-Ohio stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $27.62 per share, for a total transaction of $69,050.00. Following the completion of the acquisition, the director now owns 80,320 shares in the company, valued at $2,218,438.40. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
PKOH stock opened at $27.60 on Friday. Park-Ohio Holdings Corp. has a 12 month low of $26.61 and a 12 month high of $43.15. The company has a current ratio of 2.37, a quick ratio of 1.26 and a debt-to-equity ratio of 1.89. The company has a 50-day moving average price of $30.54 and a 200 day moving average price of $32.73. The stock has a market cap of $348.82 million, a PE ratio of 6.45 and a beta of 2.30.
Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings results on Monday, August 5th. The industrial products company reported $1.07 EPS for the quarter, hitting analysts’ consensus estimates of $1.07. Park-Ohio had a net margin of 2.89% and a return on equity of 16.77%. The firm had revenue of $415.30 million during the quarter, compared to analysts’ expectations of $438.60 million. Sell-side analysts forecast that Park-Ohio Holdings Corp. will post 4.44 EPS for the current year.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Park-Ohio from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Wednesday. ValuEngine downgraded shares of Park-Ohio from a “sell” rating to a “strong sell” rating in a report on Friday, June 7th. B. Riley dropped their price target on shares of Park-Ohio from $40.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday. TheStreet cut shares of Park-Ohio from a “b-” rating to a “c+” rating in a research note on Monday, August 5th. Finally, BidaskClub cut shares of Park-Ohio from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. Park-Ohio presently has a consensus rating of “Hold” and a consensus price target of $30.50.
Hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its holdings in shares of Park-Ohio by 23.3% in the 2nd quarter. Victory Capital Management Inc. now owns 36,301 shares of the industrial products company’s stock valued at $1,183,000 after acquiring an additional 6,869 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Park-Ohio by 153.7% in the 2nd quarter. Morgan Stanley now owns 36,590 shares of the industrial products company’s stock valued at $1,192,000 after acquiring an additional 22,167 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Park-Ohio by 10.3% in the 2nd quarter. Bank of America Corp DE now owns 22,466 shares of the industrial products company’s stock valued at $732,000 after acquiring an additional 2,097 shares during the last quarter. Algert Global LLC boosted its holdings in shares of Park-Ohio by 6.8% in the 2nd quarter. Algert Global LLC now owns 8,862 shares of the industrial products company’s stock valued at $289,000 after acquiring an additional 567 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Park-Ohio by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 389,815 shares of the industrial products company’s stock valued at $12,704,000 after acquiring an additional 996 shares during the last quarter. 53.64% of the stock is owned by hedge funds and other institutional investors.
Park-Ohio Company Profile
Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, 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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