StockNews.com Lowers Park-Ohio (NASDAQ:PKOH) to Buy

Park-Ohio (NASDAQ:PKOH) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Friday.

Park-Ohio Stock Performance

Shares of PKOH opened at $23.39 on Friday. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.14 and a current ratio of 2.27. The stock has a market capitalization of $305.71 million, a P/E ratio of 37.13 and a beta of 1.23. The company’s fifty day moving average is $25.30 and its two-hundred day moving average is $24.72. Park-Ohio has a 1 year low of $12.07 and a 1 year high of $28.79.

Park-Ohio (NASDAQ:PKOH) last issued its earnings results on Wednesday, March 6th. The industrial products company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company had revenue of $389.30 million for 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 quarter in the previous year, the firm posted ($0.09) earnings per share. On average, sell-side analysts predict that Park-Ohio will post 3.36 earnings per share for the current year.

Insiders Place Their Bets

In other Park-Ohio news, Director James W. Wert sold 1,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $26.00, for a total transaction of $26,000.00. Following the sale, the director now directly owns 89,190 shares in the company, valued at approximately $2,318,940. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director James W. Wert sold 1,500 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $25.98, for a total value of $38,970.00. Following the sale, the director now directly owns 82,690 shares in the company, valued at approximately $2,148,286.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James W. Wert sold 1,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $26.00, for a total transaction of $26,000.00. Following the completion of the sale, the director now owns 89,190 shares in the company, valued at $2,318,940. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,500 shares of company stock worth $91,990. Corporate insiders own 35.60% of the company’s stock.

Institutional Investors Weigh In On Park-Ohio

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of Park-Ohio by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 751,077 shares of the industrial products company’s stock worth $20,249,000 after buying an additional 26,215 shares in the last quarter. Gabelli Funds LLC lifted its holdings in Park-Ohio by 0.6% in the 3rd quarter. Gabelli Funds LLC now owns 478,100 shares of the industrial products company’s stock valued at $9,519,000 after purchasing an additional 3,000 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Park-Ohio by 70.6% in the 3rd quarter. Acadian Asset Management LLC now owns 219,837 shares of the industrial products company’s stock valued at $4,373,000 after purchasing an additional 90,998 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in Park-Ohio by 3.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 110,478 shares of the industrial products company’s stock valued at $2,200,000 after purchasing an additional 3,919 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Park-Ohio in the 3rd quarter valued at about $1,197,000. 51.38% of the stock is currently owned by hedge funds and other institutional investors.

Park-Ohio Company 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.