Park-Ohio Holdings Corp. $PKOH Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC increased its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,968 shares of the industrial products company’s stock after acquiring an additional 6,530 shares during the period. Acadian Asset Management LLC owned approximately 1.65% of Park-Ohio worth $4,193,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PKOH. Russell Investments Group Ltd. lifted its position in Park-Ohio by 14,282.4% in the first quarter. Russell Investments Group Ltd. now owns 2,445 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 2,428 shares during the period. Jones Financial Companies Lllp bought a new position in Park-Ohio during the first quarter valued at about $80,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Park-Ohio by 10.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 527 shares during the last quarter. Bailard Inc. lifted its holdings in Park-Ohio by 15.3% in 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 during the last quarter. Finally, Trexquant Investment LP boosted its position in shares of 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 purchasing an additional 673 shares in the last quarter. Institutional investors own 51.38% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Park-Ohio in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Park-Ohio has a consensus rating of “Hold”.

Park-Ohio Stock Up 1.0%

PKOH stock opened at $20.18 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.60 and a quick ratio of 1.33. The firm has a market capitalization of $290.49 million, a P/E ratio of 9.94 and a beta of 1.43. Park-Ohio Holdings Corp. has a 52-week low of $15.52 and a 52-week high of $33.63. The company’s 50 day simple moving average is $20.69 and its 200-day simple moving average is $19.25.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.18). Park-Ohio had a return on equity of 12.27% and a net margin of 1.73%.The firm had revenue of $398.60 million for the quarter, compared to analysts’ expectations of $417.30 million. Park-Ohio has set its FY 2025 guidance at 2.700-2.900 EPS.

Park-Ohio Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, November 14th. Park-Ohio’s payout ratio is presently 29.76%.

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.