4,670 Shares in Park-Ohio Holdings Corp. (NASDAQ:PKOH) Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 4,670 shares of the industrial products company’s stock, valued at approximately $126,000.

A number of other institutional investors also recently bought and sold shares of PKOH. Barclays PLC bought a new position in shares of Park-Ohio in the 2nd quarter worth approximately $32,000. Gladius Capital Management LP purchased a new position in shares of Park-Ohio during the 3rd quarter worth $37,000. Tower Research Capital LLC TRC grew its position in shares of Park-Ohio by 76.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,003 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 865 shares during the period. Bank of America Corp DE raised its holdings in Park-Ohio by 501.8% in the 1st quarter. Bank of America Corp DE now owns 2,335 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,947 shares during the period. Finally, California State Teachers Retirement System bought a new stake in Park-Ohio during the second quarter valued at about $53,000. Institutional investors own 51.38% of the company’s stock.

Insider Activity at Park-Ohio

In related news, Director James W. Wert sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $27.02, for a total transaction of $27,020.00. Following the completion of the transaction, the director now directly owns 84,190 shares of the company’s stock, valued at $2,274,813.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director James W. Wert sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $27.02, for a total transaction of $27,020.00. Following the completion of the transaction, the director now directly owns 84,190 shares of the company’s stock, valued at $2,274,813.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James W. Wert sold 1,500 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $25.98, for a total transaction of $38,970.00. Following the transaction, the director now directly owns 82,690 shares of the company’s stock, valued at $2,148,286.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,500 shares of company stock valued at $91,990. Corporate insiders own 33.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Park-Ohio from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th.

Park-Ohio Stock Performance

Shares of NASDAQ PKOH opened at $23.31 on Thursday. The firm has a fifty day moving average price of $25.41 and a 200-day moving average price of $24.61. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.27 and a quick ratio of 1.14. The stock has a market cap of $304.66 million, a PE ratio of 37.00 and a beta of 1.23. Park-Ohio Holdings Corp. has a 1 year low of $12.07 and a 1 year high of $28.79.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings data on Wednesday, March 6th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $389.30 million during the quarter, compared to analysts’ expectations of $386.45 million. Park-Ohio had a return on equity of 13.45% and a net margin of 0.47%. During the same period last year, the company earned ($0.09) earnings per share. Equities analysts anticipate that Park-Ohio Holdings Corp. will post 3.36 earnings per share for the current fiscal year.

Park-Ohio Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.50 annualized dividend and a yield of 2.15%. Park-Ohio’s payout ratio is 79.37%.

Park-Ohio 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. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.