FBR & Co Reaffirms Hold Rating for Park-Ohio Holdings Corp. (PKOH)

FBR & Co reiterated their hold rating on shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) in a report issued on Thursday morning.

PKOH has been the subject of several other research reports. ValuEngine upgraded shares of Park-Ohio Holdings Corp. from a buy rating to a strong-buy rating in a research 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 target for the company in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $45.00.

Park-Ohio Holdings Corp. (PKOH) traded up 0.76% during mid-day trading on Thursday, hitting $46.25. 19,241 shares of the stock traded hands. The stock has a market cap of $564.20 million, a P/E ratio of 17.51 and a beta of 3.46. Park-Ohio Holdings Corp. has a 12 month low of $30.01 and a 12 month high of $47.00. The stock has a 50-day moving average price of $41.70 and a 200-day moving average price of $38.88.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last released its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.85 by $0.02. The business had revenue of $350.90 million during 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%. On average, equities analysts forecast that Park-Ohio Holdings Corp. will post $3.24 earnings per share for the current year.

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In related news, insider Robert D. Vilsack sold 1,471 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $45.75, for a total value of $67,298.25. Following the completion of the transaction, the insider now owns 93,527 shares in the company, valued at approximately $4,278,860.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Matthew V. Crawford sold 15,808 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $39.47, for a total transaction of $623,941.76. Following the completion of the transaction, the chief operating officer now owns 1,032,645 shares of the company’s stock, valued at approximately $40,758,498.15. The disclosure for this sale can be found here. Insiders sold a total of 39,650 shares of company stock valued at $1,647,828 in the last quarter. 31.00% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in 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 valued at $13,185,000 after buying an additional 17,097 shares in the last quarter. Morgan Stanley grew its position in 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 valued at $1,706,000 after buying an additional 2,618 shares in the last quarter. Citadel Advisors LLC bought a new position in Park-Ohio Holdings Corp. in the 1st quarter valued at about $439,000. Royce & Associates LP grew its position in Park-Ohio Holdings Corp. by 20.3% in the 2nd quarter. Royce & Associates LP now owns 142,080 shares of the industrial products company’s stock valued at $5,413,000 after buying an additional 23,958 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its position in Park-Ohio Holdings Corp. by 11.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 6,180 shares of the industrial products company’s stock valued at $235,000 after buying an additional 622 shares in the last quarter. Hedge funds and other institutional investors own 55.12% of the company’s stock.

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.

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