Fmr LLC lifted its position in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,225 shares of the industrial products company’s stock after acquiring an additional 3,713 shares during the quarter. Fmr LLC owned approximately 0.52% of Park-Ohio worth $2,578,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in shares of Park-Ohio by 279.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,426 shares of the industrial products company’s stock valued at $165,000 after acquiring an additional 3,259 shares in the last quarter. PEAK6 Investments L.P. lifted its position in Park-Ohio by 7,026.6% in the 2nd quarter. PEAK6 Investments L.P. now owns 6,511 shares of the industrial products company’s stock worth $243,000 after buying an additional 6,605 shares in the last quarter. First Trust Advisors LP lifted its position in Park-Ohio by 17.6% in the 2nd quarter. First Trust Advisors LP now owns 9,907 shares of the industrial products company’s stock worth $370,000 after buying an additional 1,482 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Park-Ohio in the 2nd quarter worth approximately $650,000. Finally, JPMorgan Chase & Co. lifted its position in Park-Ohio by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,054 shares of the industrial products company’s stock worth $1,229,000 after buying an additional 2,384 shares in the last quarter. Institutional investors and hedge funds own 54.06% of the company’s stock.
In other news, CEO Matthew V. Crawford sold 2,000 shares of the stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $33.40, for a total transaction of $66,800.00. Following the transaction, the chief executive officer now owns 1,045,564 shares in the company, valued at approximately $34,921,837.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew V. Crawford sold 1,400 shares of the stock in a transaction on Friday, December 7th. The stock was sold at an average price of $33.46, for a total transaction of $46,844.00. Following the transaction, the chief executive officer now owns 1,046,964 shares in the company, valued at approximately $35,031,415.44. The disclosure for this sale can be found here. Corporate insiders own 31.20% of the company’s stock.
A number of equities research analysts have issued reports on the stock. ValuEngine downgraded shares of Park-Ohio from a “hold” rating to a “sell” rating in a research report on Thursday, December 6th. Zacks Investment Research downgraded shares of Park-Ohio from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 11th. BidaskClub upgraded shares of Park-Ohio from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 18th. B. Riley reiterated a “neutral” rating on shares of Park-Ohio in a research report on Wednesday, November 7th. Finally, TheStreet downgraded shares of Park-Ohio from a “b-” rating to a “c+” rating in a research report on Wednesday, December 19th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.00.
PKOH stock opened at $32.47 on Wednesday. Park-Ohio Holdings Corp. has a 12-month low of $28.01 and a 12-month high of $47.90. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.43 and a quick ratio of 1.42. The company has a market capitalization of $402.26 million, a price-to-earnings ratio of 10.05 and a beta of 2.52.
Park-Ohio (NASDAQ:PKOH) last released its earnings results on Tuesday, November 6th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.15. Park-Ohio had a net margin of 2.76% and a return on equity of 16.17%. The company had revenue of $414.30 million during the quarter, compared to the consensus estimate of $404.00 million. On average, research analysts expect that Park-Ohio Holdings Corp. will post 3.96 earnings per share for the current fiscal year.
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Park-Ohio Holdings Corp., through its subsidiaries, provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Asia, Europe, Canada, Mexico, and internationally. The company's Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.
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