Private Management Group Inc. Has $18.27 Million Stock Holdings in Park-Ohio Holdings Corp. $PKOH

Private Management Group Inc. increased its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 1.9% during the 2nd quarter, Holdings Channel reports. The fund owned 1,023,164 shares of the industrial products company’s stock after buying an additional 18,853 shares during the quarter. Private Management Group Inc. owned 0.07% of Park-Ohio worth $18,274,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in shares of Park-Ohio by 14,282.4% during the first quarter. Russell Investments Group Ltd. now owns 2,445 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 2,428 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Park-Ohio in the 1st quarter valued at $80,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Park-Ohio by 10.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock worth $118,000 after buying an additional 527 shares during the period. Rhumbline Advisers lifted its holdings in Park-Ohio by 4.4% during the second quarter. Rhumbline Advisers now owns 13,836 shares of the industrial products company’s stock worth $247,000 after acquiring an additional 589 shares in the last quarter. Finally, Trexquant Investment LP grew its stake in Park-Ohio by 5.8% in the first quarter. Trexquant Investment LP now owns 12,219 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 673 shares during the period. Institutional investors own 51.38% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Park-Ohio in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Park-Ohio Price Performance

Shares of NASDAQ PKOH opened at $19.67 on Friday. The company has a fifty day moving average price of $20.43 and a 200 day moving average price of $19.21. The firm has a market cap of $283.33 million, a PE ratio of 9.69 and a beta of 1.43. The company has a current ratio of 2.60, a quick ratio of 1.33 and a debt-to-equity ratio of 1.75. Park-Ohio Holdings Corp. has a 1-year low of $15.52 and a 1-year high of $33.63.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.18). The firm had revenue of $398.60 million during the quarter, compared to the consensus estimate of $417.30 million. Park-Ohio had a net margin of 1.73% and a return on equity of 12.27%. Park-Ohio has set its FY 2025 guidance at 2.700-2.900 EPS.

Park-Ohio Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, November 14th. Park-Ohio’s dividend payout ratio (DPR) is currently 29.76%.

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.