Several other research firms also recently issued reports on PKOH. TheStreet downgraded shares of Stitch Fix from a “c-” rating to a “d+” rating in a report on Monday, May 6th. ValuEngine raised shares of YY from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.00.
NASDAQ PKOH opened at $30.95 on Friday. The company has a current ratio of 2.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.83. The business’s fifty day moving average price is $31.94. The company has a market cap of $390.96 million, a P/E ratio of 7.10 and a beta of 2.28. Park-Ohio has a 1 year low of $28.01 and a 1 year high of $43.15.
Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Monday, May 6th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.03. The business had revenue of $420.10 million during the quarter, compared to the consensus estimate of $420.00 million. Park-Ohio had a net margin of 3.29% and a return on equity of 17.19%. As a group, sell-side analysts anticipate that Park-Ohio will post 4.43 earnings per share for the current fiscal year.
In related news, Director Patrick V. Auletta sold 2,300 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $31.33, for a total transaction of $72,059.00. Following the completion of the transaction, the director now directly owns 17,125 shares in the company, valued at approximately $536,526.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Edward F. Crawford bought 12,532 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were bought at an average price of $29.96 per share, with a total value of $375,458.72. Following the completion of the purchase, the insider now owns 1,497,675 shares in the company, valued at $44,870,343. The disclosure for this purchase can be found here. 31.20% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in PKOH. Denali Advisors LLC boosted its position in Park-Ohio by 227.0% during the second quarter. Denali Advisors LLC now owns 12,743 shares of the industrial products company’s stock worth $415,000 after purchasing an additional 8,846 shares during the period. Private Management Group Inc. boosted its position in Park-Ohio by 1.3% during the first quarter. Private Management Group Inc. now owns 681,009 shares of the industrial products company’s stock worth $22,051,000 after purchasing an additional 8,684 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Park-Ohio during the first quarter worth $277,000. Victory Capital Management Inc. boosted its position in Park-Ohio by 8.6% during the first quarter. Victory Capital Management Inc. now owns 29,432 shares of the industrial products company’s stock worth $953,000 after purchasing an additional 2,332 shares during the period. Finally, Teton Advisors Inc. boosted its position in Park-Ohio by 7.0% during the first quarter. Teton Advisors Inc. now owns 209,431 shares of the industrial products company’s stock worth $6,781,000 after purchasing an additional 13,700 shares during the period. Hedge funds and other institutional investors own 53.62% of the company’s stock.
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. 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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