Park-Ohio Holdings Corp. $PKOH Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. decreased its position in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 37.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,862 shares of the industrial products company’s stock after selling 11,271 shares during the quarter. Goldman Sachs Group Inc. owned 0.13% of Park-Ohio worth $407,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Park-Ohio by 10.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock worth $118,000 after buying an additional 527 shares during the last quarter. Trexquant Investment LP raised its stake in Park-Ohio by 5.8% during the 1st quarter. Trexquant Investment LP now owns 12,219 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 673 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Park-Ohio by 5.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,831 shares of the industrial products company’s stock valued at $580,000 after acquiring an additional 1,385 shares in the last quarter. Bailard Inc. raised its stake in Park-Ohio by 15.3% during the 1st quarter. Bailard Inc. now owns 11,299 shares of the industrial products company’s stock valued at $244,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Park-Ohio by 14,282.4% in the 1st quarter. Russell Investments Group Ltd. now owns 2,445 shares of the industrial products company’s stock worth $53,000 after buying an additional 2,428 shares in the last quarter. Institutional investors and hedge funds own 51.38% of the company’s stock.

Insider Buying and Selling at Park-Ohio

In related news, CEO Matthew V. Crawford purchased 4,167 shares of Park-Ohio stock in a transaction on Thursday, August 14th. The stock was bought at an average price of $20.04 per share, with a total value of $83,506.68. Following the completion of the transaction, the chief executive officer directly owned 911,237 shares of the company’s stock, valued at approximately $18,261,189.48. This represents a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 31.51% of the stock is owned by corporate insiders.

Park-Ohio Stock Performance

Shares of NASDAQ PKOH opened at $20.83 on Friday. 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 $299.85 million, a price-to-earnings ratio of 10.26 and a beta of 1.32. The stock’s fifty day simple moving average is $19.35 and its 200 day simple moving average is $19.27. Park-Ohio Holdings Corp. has a 52-week low of $15.52 and a 52-week high of $34.50.

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

Park-Ohio Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $0.50 dividend on an annualized basis and a yield of 2.4%. Park-Ohio’s dividend payout ratio (DPR) is presently 24.63%.

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.