Two Sigma Investments LP Sells 2,822 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Two Sigma Investments LP cut its stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,093 shares of the industrial products company’s stock after selling 2,822 shares during the quarter. Two Sigma Investments LP owned approximately 0.17% of Park-Ohio worth $633,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PKOH. King Luther Capital Management Corp bought a new position in Park-Ohio during the fourth quarter worth $1,287,000. First Eagle Investment Management LLC boosted its stake in Park-Ohio by 21.8% during the fourth quarter. First Eagle Investment Management LLC now owns 258,913 shares of the industrial products company’s stock worth $6,802,000 after acquiring an additional 46,324 shares in the last quarter. American Century Companies Inc. boosted its stake in Park-Ohio by 28.3% during the fourth quarter. American Century Companies Inc. now owns 202,311 shares of the industrial products company’s stock worth $5,315,000 after acquiring an additional 44,603 shares in the last quarter. Brandywine Global Investment Management LLC boosted its stake in Park-Ohio by 444.4% during the fourth quarter. Brandywine Global Investment Management LLC now owns 47,530 shares of the industrial products company’s stock worth $1,249,000 after acquiring an additional 38,800 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Park-Ohio by 3.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 960,127 shares of the industrial products company’s stock worth $25,223,000 after acquiring an additional 29,004 shares in the last quarter. 51.38% of the stock is owned by institutional investors.

Park-Ohio Stock Up 0.2%

Park-Ohio stock opened at $17.68 on Monday. Park-Ohio Holdings Corp. has a 1-year low of $17.27 and a 1-year high of $34.50. The firm has a market capitalization of $251.59 million, a price-to-earnings ratio of 14.14 and a beta of 1.28. The firm’s fifty day moving average price is $19.23 and its two-hundred day moving average price is $23.43. 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 (NASDAQ:PKOH) last released its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.18). Park-Ohio had a net margin of 1.01% and a return on equity of 14.64%. The business had revenue of $405.40 million during the quarter, compared to the consensus estimate of $425.95 million.

Park-Ohio Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Friday, May 2nd. Park-Ohio’s payout ratio is currently 21.83%.

Insider Activity at Park-Ohio

In related news, Director Edward F. Crawford sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $21.63, for a total transaction of $486,675.00. Following the transaction, the director now directly owns 766,273 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. 31.51% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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.

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.