Park-Ohio (NASDAQ:PKOH) Upgraded to “Strong-Buy” by StockNews.com

Park-Ohio (NASDAQ:PKOH) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.

Park-Ohio Stock Down 1.0 %

Shares of NASDAQ:PKOH traded down $0.23 during trading on Thursday, hitting $23.08. The company’s stock had a trading volume of 22,578 shares, compared to its average volume of 24,321. The business has a 50 day moving average price of $25.39 and a two-hundred day moving average price of $24.60. The company has a market capitalization of $301.66 million, a PE ratio of 36.64 and a beta of 1.23. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.14 and a current ratio of 2.27. Park-Ohio has a fifty-two week low of $12.07 and a fifty-two week high of $28.79.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings results on Wednesday, March 6th. The industrial products company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). The business had revenue of $389.30 million during the quarter, compared to analyst estimates of $386.45 million. Park-Ohio had a return on equity of 13.45% and a net margin of 0.47%. During the same quarter last year, the firm earned ($0.09) EPS. As a group, research analysts expect that Park-Ohio will post 3.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other Park-Ohio news, Director James W. Wert sold 1,500 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $25.98, for a total value of $38,970.00. Following the completion of the transaction, the director now owns 82,690 shares in the company, valued at $2,148,286.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director James W. Wert sold 1,500 shares of Park-Ohio stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $25.98, for a total transaction of $38,970.00. Following the completion of the sale, the director now directly owns 82,690 shares of the company’s stock, valued at approximately $2,148,286.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James W. Wert sold 1,000 shares of Park-Ohio stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $26.00, for a total transaction of $26,000.00. Following the sale, the director now directly owns 89,190 shares of the company’s stock, valued at $2,318,940. The disclosure for this sale can be found here. Insiders sold a total of 3,500 shares of company stock worth $91,990 over the last 90 days. Corporate insiders own 35.60% of the company’s stock.

Institutional Investors Weigh In On Park-Ohio

Several institutional investors have recently modified their holdings of PKOH. Bank of New York Mellon Corp lifted its position in shares of Park-Ohio by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 70,469 shares of the industrial products company’s stock worth $991,000 after purchasing an additional 861 shares during the last quarter. Vanguard Group Inc. lifted its position in Park-Ohio by 2.1% in the first quarter. Vanguard Group Inc. now owns 427,986 shares of the industrial products company’s stock valued at $6,022,000 after acquiring an additional 8,817 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Park-Ohio by 10.1% in the first quarter. Gamco Investors INC. ET AL now owns 922,160 shares of the industrial products company’s stock valued at $12,975,000 after acquiring an additional 84,440 shares during the last quarter. Gabelli Funds LLC lifted its position in Park-Ohio by 6.0% in the first quarter. Gabelli Funds LLC now owns 466,062 shares of the industrial products company’s stock valued at $6,557,000 after acquiring an additional 26,462 shares during the last quarter. Finally, Teton Advisors Inc. lifted its position in Park-Ohio by 5.3% in the first quarter. Teton Advisors Inc. now owns 200,047 shares of the industrial products company’s stock valued at $2,815,000 after acquiring an additional 10,000 shares during the last quarter. 51.38% of the stock is owned by hedge funds and other institutional investors.

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.