Assenagon Asset Management S.A. Purchases New Position in Park-Ohio Holdings Corp. $PKOH

Assenagon Asset Management S.A. acquired a new stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 50,800 shares of the industrial products company’s stock, valued at approximately $1,079,000. Assenagon Asset Management S.A. owned approximately 0.35% of Park-Ohio at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 valued at $118,000 after purchasing an additional 527 shares during the last quarter. Rhumbline Advisers raised its holdings in Park-Ohio by 4.4% in the second quarter. Rhumbline Advisers now owns 13,836 shares of the industrial products company’s stock worth $247,000 after purchasing an additional 589 shares in the last quarter. Trexquant Investment LP grew its holdings in Park-Ohio by 5.8% in the first quarter. Trexquant Investment LP now owns 12,219 shares of the industrial products company’s stock worth $264,000 after purchasing an additional 673 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Park-Ohio by 5.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,831 shares of the industrial products company’s stock worth $580,000 after acquiring an additional 1,385 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Park-Ohio by 5.6% during the 2nd quarter. First Trust Advisors LP now owns 28,018 shares of the industrial products company’s stock valued at $500,000 after acquiring an additional 1,489 shares during the last quarter. 51.38% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Park-Ohio news, Director Ronna Romney sold 2,975 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $20.29, for a total value of $60,362.75. Following the completion of the sale, the director directly owned 28,944 shares in the company, valued at $587,273.76. This represents a 9.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 31.51% of the company’s stock.

Park-Ohio Price Performance

Shares of PKOH opened at $21.21 on Thursday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.32 and a current ratio of 2.56. The stock has a market capitalization of $305.42 million, a PE ratio of 12.63 and a beta of 1.18. Park-Ohio Holdings Corp. has a fifty-two week low of $15.52 and a fifty-two week high of $27.30. The company has a 50 day moving average price of $20.85 and a 200-day moving average price of $19.67.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.18). The business had revenue of $398.60 million during the quarter, compared to analysts’ expectations of $417.30 million. Park-Ohio had a net margin of 1.46% and a return on equity of 10.53%. Park-Ohio has set its FY 2025 guidance at 2.700-2.900 EPS.

Park-Ohio Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, November 14th. Park-Ohio’s payout ratio is presently 29.76%.

Analysts Set New Price Targets

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

Park-Ohio Profile

Park-Ohio Holdings Corp is a diversified industrial company that supplies engineered products and distribution services to a broad array of end markets. Through its two primary operating segments—Engineered Solutions and Supply Chain Solutions—the company delivers metal components, assemblies and value-added distribution tailored to energy, transportation, industrial and commercial applications.

The Engineered Solutions segment provides design, machining, fabrication and assembly of custom metal parts, including heat exchangers, welded assemblies, tubing products and precision-machined components.