Trexquant Investment LP Has $264,000 Holdings in Park-Ohio Holdings Corp. $PKOH

Trexquant Investment LP lifted its holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 5.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,219 shares of the industrial products company’s stock after acquiring an additional 673 shares during the period. Trexquant Investment LP owned approximately 0.09% of Park-Ohio worth $264,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Private Management Group Inc. grew its stake in shares of Park-Ohio by 4.2% in the first quarter. Private Management Group Inc. now owns 1,004,311 shares of the industrial products company’s stock valued at $21,693,000 after acquiring an additional 40,594 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Park-Ohio by 0.5% in the first quarter. Gamco Investors INC. ET AL now owns 964,877 shares of the industrial products company’s stock valued at $20,841,000 after acquiring an additional 4,750 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Park-Ohio by 10.2% in the first quarter. American Century Companies Inc. now owns 223,044 shares of the industrial products company’s stock valued at $4,818,000 after acquiring an additional 20,733 shares in the last quarter. Northern Trust Corp grew its stake in shares of Park-Ohio by 12.5% in the fourth quarter. Northern Trust Corp now owns 72,976 shares of the industrial products company’s stock valued at $1,917,000 after acquiring an additional 8,118 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Park-Ohio in the fourth quarter valued at about $1,547,000. 51.38% of the stock is currently owned by institutional investors and hedge funds.

Park-Ohio Trading Up 1.1%

PKOH opened at $21.46 on Wednesday. Park-Ohio Holdings Corp. has a twelve month low of $15.52 and a twelve month high of $34.50. The company has a 50-day simple moving average of $18.53 and a 200 day simple moving average of $19.44. The company has a quick ratio of 1.33, a current ratio of 2.60 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $309.02 million, a price-to-earnings ratio of 10.57 and a beta of 1.32.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.01). Park-Ohio had a return on equity of 12.27% and a net margin of 1.73%.The firm had revenue of $400.10 million for the quarter, compared to the consensus estimate of $416.10 million.

Park-Ohio Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.3%. Park-Ohio’s dividend payout ratio is 24.63%.

Insider Activity at Park-Ohio

In related news, CEO Matthew V. Crawford bought 4,167 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was purchased at an average price of $20.04 per share, with a total value of $83,506.68. Following the completion of the acquisition, the chief executive officer owned 911,237 shares of the company’s stock, valued at $18,261,189.48. The trade was a 0.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 31.51% of the company’s stock.

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.