Renaissance Technologies LLC increased its stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 4.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 109,000 shares of the industrial products company’s stock after buying an additional 4,300 shares during the period. Renaissance Technologies LLC owned about 0.89% of Park-Ohio Holdings Corp. worth $3,919,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of PKOH. Blair William & Co. IL bought a new stake in Park-Ohio Holdings Corp. during the first quarter valued at approximately $8,954,000. Royce & Associates LP raised its stake in shares of Park-Ohio Holdings Corp. by 360.3% in the first quarter. Royce & Associates LP now owns 118,122 shares of the industrial products company’s stock valued at $4,246,000 after buying an additional 92,460 shares during the last quarter. James Investment Research Inc. acquired a new stake in shares of Park-Ohio Holdings Corp. during the first quarter valued at about $2,230,000. New Amsterdam Partners LLC NY purchased a new position in Park-Ohio Holdings Corp. during the first quarter valued at $2,107,000. Finally, Dimensional Fund Advisors LP raised its position in Park-Ohio Holdings Corp. by 7.9% in the first quarter. Dimensional Fund Advisors LP now owns 662,053 shares of the industrial products company’s stock valued at $23,801,000 after buying an additional 48,279 shares in the last quarter. 58.38% of the stock is currently owned by institutional investors and hedge funds.
Park-Ohio Holdings Corp. (PKOH) opened at 40.55 on Friday. The firm has a market capitalization of $494.67 million, a PE ratio of 15.35 and a beta of 3.47. Park-Ohio Holdings Corp. has a 52-week low of $30.01 and a 52-week high of $47.00. The company’s 50-day moving average is $39.43 and its 200-day moving average is $38.96.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last released its earnings results on Monday, August 7th. The industrial products company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.02. Park-Ohio Holdings Corp. had a return on equity of 16.90% and a net margin of 2.50%. The firm had revenue of $350.90 million during the quarter, compared to the consensus estimate of $355.83 million. Analysts forecast that Park-Ohio Holdings Corp. will post $3.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Wednesday, August 9th. Park-Ohio Holdings Corp.’s dividend payout ratio (DPR) is 18.80%.
Several brokerages recently commented on PKOH. Zacks Investment Research raised shares of Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a report on Saturday, May 13th. FBR & Co lifted their target price on shares of Park-Ohio Holdings Corp. from $33.00 to $37.00 and gave the stock a “mkt perform” rating in a report on Wednesday, August 9th. BidaskClub raised shares of Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, TheStreet raised shares of Park-Ohio Holdings Corp. from a “c” rating to a “b-” rating in a report on Monday, May 8th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $45.75.
In other Park-Ohio Holdings Corp. news, Director James W. Wert sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $40.80, for a total value of $102,000.00. Following the completion of the transaction, the director now directly owns 81,695 shares of the company’s stock, valued at $3,333,156. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick V. Auletta sold 2,010 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $38.55, for a total value of $77,485.50. Following the completion of the transaction, the director now directly owns 18,645 shares of the company’s stock, valued at $718,764.75. The disclosure for this sale can be found here. Insiders own 31.00% of the company’s stock.
About Park-Ohio Holdings Corp.
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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