Park-Ohio Holdings Corp. (PKOH) Shares Bought by Boston Advisors LLC

Boston Advisors LLC lifted its stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 19.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,420 shares of the industrial products company’s stock after buying an additional 2,965 shares during the quarter. Boston Advisors LLC owned about 0.15% of Park-Ohio Holdings Corp. worth $840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Park-Ohio Holdings Corp. by 4.9% during the first quarter. Vanguard Group Inc. now owns 366,734 shares of the industrial products company’s stock valued at $13,185,000 after buying an additional 17,097 shares during the period. Morgan Stanley increased its position in shares of Park-Ohio Holdings Corp. by 5.8% during the first quarter. Morgan Stanley now owns 47,465 shares of the industrial products company’s stock valued at $1,706,000 after buying an additional 2,618 shares during the period. Citadel Advisors LLC purchased a new position in shares of Park-Ohio Holdings Corp. during the first quarter valued at about $439,000. Royce & Associates LP increased its position in shares of Park-Ohio Holdings Corp. by 20.3% during the second quarter. Royce & Associates LP now owns 142,080 shares of the industrial products company’s stock valued at $5,413,000 after buying an additional 23,958 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Park-Ohio Holdings Corp. by 254.2% during the second quarter. Russell Investments Group Ltd. now owns 17,641 shares of the industrial products company’s stock valued at $672,000 after buying an additional 12,660 shares during the period. Institutional investors own 55.26% of the company’s stock.

Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) opened at 45.70 on Tuesday. The company’s 50-day moving average is $44.42 and its 200 day moving average is $40.05. The company has a market cap of $557.49 million, a price-to-earnings ratio of 17.30 and a beta of 3.46. Park-Ohio Holdings Corp. has a 1-year low of $30.35 and a 1-year high of $47.00.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last posted its earnings results on Monday, August 7th. The industrial products company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $350.90 million for 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%. Equities analysts anticipate that Park-Ohio Holdings Corp. will post $3.25 EPS for the current year.

In other news, insider Robert D. Vilsack sold 1,471 shares of Park-Ohio Holdings Corp. stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $45.75, for a total value of $67,298.25. Following the transaction, the insider now owns 93,527 shares of the company’s stock, valued at approximately $4,278,860.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert D. Vilsack sold 7,436 shares of Park-Ohio Holdings Corp. stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $45.02, for a total transaction of $334,768.72. Following the completion of the transaction, the insider now directly owns 103,527 shares in the company, valued at approximately $4,660,785.54. The disclosure for this sale can be found here. Insiders have sold a total of 39,650 shares of company stock worth $1,647,828 in the last three months. Insiders own 31.00% of the company’s stock.

Several equities analysts recently issued reports on PKOH shares. BidaskClub cut shares of Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. FBR & Co boosted their price objective on shares of 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. Zacks Investment Research raised shares of Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Friday, August 11th. Finally, ValuEngine raised shares of Park-Ohio Holdings Corp. from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $45.00.

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

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