Cornerstone Capital Management Holdings LLC. Invests $197,000 in Park-Ohio Holdings Corp. (PKOH) Stock

Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,200 shares of the industrial products company’s stock, valued at approximately $197,000.

Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in Park-Ohio Holdings Corp. by 31.7% during the 1st quarter. Russell Investments Group Ltd. now owns 4,981 shares of the industrial products company’s stock valued at $180,000 after purchasing an additional 1,200 shares in the last quarter. American International Group Inc. increased its holdings in Park-Ohio Holdings Corp. by 7.1% during the 1st quarter. American International Group Inc. now owns 5,238 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 346 shares in the last quarter. Royal Bank of Canada increased its holdings in Park-Ohio Holdings Corp. by 0.7% during the 2nd quarter. Royal Bank of Canada now owns 5,663 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 37 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in Park-Ohio Holdings Corp. during the 2nd quarter valued at $228,000. Finally, Wedge Capital Management L L P NC increased its holdings in Park-Ohio Holdings Corp. by 11.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 6,180 shares of the industrial products company’s stock valued at $235,000 after purchasing an additional 622 shares in the last quarter. 55.26% of the stock is owned by hedge funds and other institutional investors.

Park-Ohio Holdings Corp. (PKOH) opened at 46.50 on Monday. The firm has a 50-day moving average price of $44.24 and a 200-day moving average price of $39.95. Park-Ohio Holdings Corp. has a 12 month low of $30.01 and a 12 month high of $47.00. The company has a market capitalization of $567.25 million, a price-to-earnings ratio of 17.60 and a beta of 3.46.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last announced its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. The company had revenue of $350.90 million during the quarter, compared to the consensus estimate 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 analysts anticipate that Park-Ohio Holdings Corp. will post $3.25 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Cornerstone Capital Management Holdings LLC. Invests $197,000 in Park-Ohio Holdings Corp. (PKOH) Stock” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://www.com-unik.info/2017/10/30/cornerstone-capital-management-holdings-llc-invests-197000-in-park-ohio-holdings-corp-pkoh-stock.html.

In other news, Director James W. Wert sold 2,500 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 81,695 shares in the company, valued at $3,333,156. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Matthew V. Crawford sold 4,192 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $40.21, for a total transaction of $168,560.32. Following the transaction, the chief operating officer now owns 1,016,145 shares of the company’s stock, valued at $40,859,190.45. The disclosure for this sale can be found here. Insiders have sold 39,650 shares of company stock valued at $1,647,828 over the last quarter. Company insiders own 31.00% of the company’s stock.

A number of equities research analysts recently weighed in on the company. FBR & Co raised their price target on Park-Ohio Holdings Corp. from $33.00 to $37.00 and gave the company a “mkt perform” rating in a report on Wednesday, August 9th. BidaskClub cut Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Zacks Investment Research cut Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Park-Ohio Holdings Corp. has a consensus rating of “Hold” and an average price target of $45.00.

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.

Institutional Ownership by Quarter for Park-Ohio Holdings Corp. (NASDAQ:PKOH)

What are top analysts saying about Park-Ohio Holdings Corp.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Park-Ohio Holdings Corp. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit