Park-Ohio (NASDAQ:PKOH) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c+” rating in a research report issued on Wednesday.
PKOH has been the subject of several other reports. BidaskClub raised Park-Ohio from a “hold” rating to a “buy” rating in a report on Friday, December 29th. ValuEngine lowered Park-Ohio from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Zacks Investment Research raised Park-Ohio from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Saturday, February 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Park-Ohio currently has a consensus rating of “Hold” and a consensus target price of $41.00.
Shares of PKOH remained flat at $$38.05 on Wednesday. The company had a trading volume of 2,873 shares, compared to its average volume of 21,743. The company has a quick ratio of 1.40, a current ratio of 2.43 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $493.90, a P/E ratio of 11.78 and a beta of 2.79. Park-Ohio has a one year low of $34.33 and a one year high of $47.90.
Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings results on Monday, March 5th. The industrial products company reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.05. The company had revenue of $366.00 million during the quarter, compared to the consensus estimate of $356.10 million. Park-Ohio had a return on equity of 15.04% and a net margin of 2.02%. sell-side analysts anticipate that Park-Ohio will post 3.68 EPS for the current year.
Several institutional investors have recently bought and sold shares of PKOH. Bank of New York Mellon Corp boosted its holdings in shares of Park-Ohio by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 76,337 shares of the industrial products company’s stock worth $3,480,000 after acquiring an additional 1,134 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Park-Ohio by 48.5% in the third quarter. Wells Fargo & Company MN now owns 14,445 shares of the industrial products company’s stock worth $658,000 after acquiring an additional 4,721 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Park-Ohio by 9.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 40,028 shares of the industrial products company’s stock worth $1,826,000 after acquiring an additional 3,519 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Park-Ohio by 6.3% in the third quarter. Dimensional Fund Advisors LP now owns 762,438 shares of the industrial products company’s stock worth $34,767,000 after acquiring an additional 45,070 shares during the period. Finally, Royce & Associates LP boosted its holdings in shares of Park-Ohio by 12.4% in the third quarter. Royce & Associates LP now owns 159,632 shares of the industrial products company’s stock worth $7,279,000 after acquiring an additional 17,552 shares during the period. 55.93% of the stock is owned by hedge funds and other institutional investors.
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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