Two Sigma Advisers LP Raises Position in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Two Sigma Advisers LP lifted its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,847 shares of the industrial products company’s stock after purchasing an additional 2,600 shares during the period. Two Sigma Advisers LP owned about 0.15% of Park-Ohio worth $548,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Federated Hermes Inc. lifted its position in shares of Park-Ohio by 74.9% during the 4th quarter. Federated Hermes Inc. now owns 2,204 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 944 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Park-Ohio during the 4th quarter worth $106,000. Wells Fargo & Company MN lifted its position in shares of Park-Ohio by 33.7% during the 4th quarter. Wells Fargo & Company MN now owns 5,272 shares of the industrial products company’s stock worth $138,000 after purchasing an additional 1,328 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Park-Ohio by 47.4% during the 4th quarter. Bank of America Corp DE now owns 9,127 shares of the industrial products company’s stock worth $240,000 after purchasing an additional 2,934 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Park-Ohio by 88.7% during the 4th quarter. Deutsche Bank AG now owns 9,261 shares of the industrial products company’s stock worth $243,000 after purchasing an additional 4,354 shares during the last quarter. 51.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at Park-Ohio

In related news, Director Edward F. Crawford sold 22,500 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $21.63, for a total value of $486,675.00. Following the transaction, the director now owns 766,273 shares in the company, valued at $16,574,484.99. The trade was a 2.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 31.51% of the stock is currently owned by insiders.

Park-Ohio Price Performance

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

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

Park-Ohio Announces Dividend

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

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.