UBS Group AG lowered its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 21.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,134 shares of the industrial products company’s stock after selling 1,435 shares during the period. UBS Group AG’s holdings in Park-Ohio Holdings Corp. were worth $185,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. James Investment Research Inc. acquired a new stake in Park-Ohio Holdings Corp. during the first quarter worth about $2,230,000. Alambic Investment Management L.P. increased its stake in Park-Ohio Holdings Corp. by 20.2% in the first quarter. Alambic Investment Management L.P. now owns 26,135 shares of the industrial products company’s stock worth $940,000 after buying an additional 4,385 shares during the period. Strs Ohio increased its stake in Park-Ohio Holdings Corp. by 51.3% in the first quarter. Strs Ohio now owns 18,000 shares of the industrial products company’s stock worth $647,000 after buying an additional 6,100 shares during the period. FMR LLC boosted its position in Park-Ohio Holdings Corp. by 2.3% in the fourth quarter. FMR LLC now owns 68,060 shares of the industrial products company’s stock worth $2,899,000 after buying an additional 1,500 shares in the last quarter. Finally, Cutler Group LP boosted its position in Park-Ohio Holdings Corp. by 3,771.9% in the first quarter. Cutler Group LP now owns 7,589 shares of the industrial products company’s stock worth $272,000 after buying an additional 7,393 shares in the last quarter. 58.38% of the stock is owned by institutional investors.
Park-Ohio Holdings Corp. (NASDAQ PKOH) opened at 40.55 on Friday. Park-Ohio Holdings Corp. has a one year low of $30.01 and a one year high of $47.00. The firm has a market capitalization of $494.67 million, a price-to-earnings ratio of 15.35 and a beta of 3.47. The stock’s 50 day moving average price is $39.43 and its 200-day moving average price is $38.96.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last released its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. The firm had revenue of $350.90 million for the quarter, compared to analysts’ expectations of $355.83 million. Park-Ohio Holdings Corp. had a net margin of 2.50% and a return on equity of 16.90%. On average, equities research analysts anticipate that Park-Ohio Holdings Corp. will post $3.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.23%. Park-Ohio Holdings Corp.’s dividend payout ratio is currently 18.80%.
Several equities analysts recently issued reports on PKOH shares. Zacks Investment Research upgraded Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Saturday. BidaskClub upgraded Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday. FBR & Co raised their price objective on Park-Ohio Holdings Corp. from $33.00 to $37.00 and gave the stock a “mkt perform” rating in a research note on Wednesday, August 9th. Finally, TheStreet upgraded Park-Ohio Holdings Corp. from a “c” rating to a “b-” rating in a research note on Monday, May 8th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $45.75.
In related news, Director James W. Wert sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $40.80, for a total transaction of $102,000.00. Following the completion of the sale, the director now owns 81,695 shares of the company’s stock, valued at $3,333,156. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick V. Auletta sold 2,010 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $38.55, for a total transaction of $77,485.50. Following the completion of the sale, the director now owns 18,645 shares in the company, valued at approximately $718,764.75. The disclosure for this sale can be found here. Corporate insiders own 31.00% of the company’s stock.
Park-Ohio Holdings Corp. 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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