BNP Paribas Financial Markets Lowers Stock Holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

BNP Paribas Financial Markets reduced its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 43.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,846 shares of the industrial products company’s stock after selling 1,410 shares during the period. BNP Paribas Financial Markets’ holdings in Park-Ohio were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Federated Hermes Inc. boosted its position in shares of Park-Ohio by 74.9% during the fourth quarter. Federated Hermes Inc. now owns 2,204 shares of the industrial products company’s stock worth $58,000 after buying an additional 944 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Park-Ohio in the fourth quarter valued at $106,000. Wells Fargo & Company MN raised its stake in shares of Park-Ohio by 33.7% in the fourth quarter. Wells Fargo & Company MN now owns 5,272 shares of the industrial products company’s stock valued at $138,000 after acquiring an additional 1,328 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Park-Ohio by 5.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,549 shares of the industrial products company’s stock valued at $251,000 after acquiring an additional 469 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Park-Ohio by 4.3% in the fourth quarter. Empowered Funds LLC now owns 11,345 shares of the industrial products company’s stock valued at $298,000 after acquiring an additional 471 shares in the last quarter. 51.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Park-Ohio

In other Park-Ohio news, Director Edward F. Crawford sold 22,500 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $21.63, for a total value of $486,675.00. Following the sale, the director now directly owns 766,273 shares in the company, valued at $16,574,484.99. This trade represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 31.51% of the stock is owned by insiders.

Park-Ohio Stock Down 0.2%

Shares of NASDAQ PKOH opened at $17.78 on Wednesday. The stock has a market cap of $253.01 million, a P/E ratio of 14.22 and a beta of 1.27. The company has a current ratio of 2.45, a quick ratio of 1.26 and a debt-to-equity ratio of 1.90. Park-Ohio Holdings Corp. has a 12-month low of $17.58 and a 12-month high of $34.50. The business’s fifty day simple moving average is $19.47 and its 200-day simple moving average is $23.79.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.18). The company had revenue of $405.40 million during the quarter, compared to analyst estimates of $425.95 million. Park-Ohio had a net margin of 1.01% and a return on equity of 14.64%.

Park-Ohio Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Friday, May 2nd. Park-Ohio’s dividend payout ratio is presently 21.83%.

Analyst Ratings Changes

Separately, Wall Street Zen cut Park-Ohio from a “buy” rating to a “hold” rating in a research note on Thursday, March 13th.

About Park-Ohio

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.