Victory Capital Management Inc. Acquires 1,710 Shares of Park-Ohio Holdings Corp. (PKOH)

Victory Capital Management Inc. grew its holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 6.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,293 shares of the industrial products company’s stock after buying an additional 1,710 shares during the period. Victory Capital Management Inc. owned approximately 0.25% of Park-Ohio Holdings Corp. worth $1,154,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Park-Ohio Holdings Corp. by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 366,734 shares of the industrial products company’s stock worth $13,185,000 after buying an additional 17,097 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Park-Ohio Holdings Corp. by 5.8% in the 1st quarter. Morgan Stanley now owns 47,465 shares of the industrial products company’s stock worth $1,706,000 after acquiring an additional 2,618 shares during the last quarter. Alambic Investment Management L.P. lifted its holdings in shares of Park-Ohio Holdings Corp. by 20.2% in the 1st quarter. Alambic Investment Management L.P. now owns 26,135 shares of the industrial products company’s stock worth $940,000 after acquiring an additional 4,385 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Park-Ohio Holdings Corp. in the 1st quarter worth about $439,000. Finally, Strs Ohio lifted its holdings in shares of Park-Ohio Holdings Corp. by 51.3% in the 1st quarter. Strs Ohio now owns 18,000 shares of the industrial products company’s stock worth $647,000 after acquiring an additional 6,100 shares during the last quarter. 55.12% of the stock is owned by institutional investors and hedge funds.

Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) opened at 40.15 on Friday. The stock has a market cap of $489.79 million, a P/E ratio of 15.20 and a beta of 3.42. The firm’s 50-day moving average is $39.76 and its 200 day moving average is $38.37. Park-Ohio Holdings Corp. has a 52-week low of $30.01 and a 52-week high of $47.00.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last announced its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.02. The company had revenue of $350.90 million for the quarter, compared to analyst estimates of $355.83 million. Park-Ohio Holdings Corp. had a net margin of 2.50% and a return on equity of 16.90%. Analysts forecast that Park-Ohio Holdings Corp. will post $3.24 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 9th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.25%. Park-Ohio Holdings Corp.’s dividend payout ratio (DPR) is presently 18.80%.

A number of equities research analysts recently weighed in on PKOH shares. ValuEngine upgraded shares of Park-Ohio Holdings Corp. from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. Zacks Investment Research upgraded shares of Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Thursday, August 31st. BidaskClub raised shares of Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, FBR & Co raised their target price on shares of Park-Ohio Holdings Corp. from $33.00 to $37.00 and gave the company a “mkt perform” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $44.00.

In related news, COO Matthew V. Crawford sold 15,808 shares of Park-Ohio Holdings Corp. stock in a transaction on Monday, September 11th. The shares were sold at an average price of $39.47, for a total value of $623,941.76. Following the transaction, the chief operating officer now directly owns 1,032,645 shares in the company, valued at approximately $40,758,498.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Matthew V. Crawford sold 4,192 shares of Park-Ohio Holdings Corp. stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $40.21, for a total transaction of $168,560.32. Following the completion of the transaction, the chief operating officer now owns 1,016,145 shares in the company, valued at $40,859,190.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,162 shares of company stock worth $1,041,861. Insiders own 31.00% of the company’s stock.

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Park-Ohio Holdings Corp. Company Profile

Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products.

Institutional Ownership by Quarter for Park-Ohio Holdings Corp. (NASDAQ:PKOH)

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