Park-Ohio (NASDAQ:PKOH) Stock Rating Lowered by BidaskClub

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BidaskClub cut shares of Park-Ohio (NASDAQ:PKOH) from a hold rating to a sell rating in a research report sent to investors on Saturday, June 1st, BidAskClub reports.

Several other research analysts have also recently commented on PKOH. TheStreet upgraded shares of Park-Ohio from a c+ rating to a b- rating in a report on Monday, May 6th. ValuEngine upgraded shares of Park-Ohio from a strong sell rating to a sell rating in a report on Monday, April 15th. Finally, Zacks Investment Research upgraded shares of Park-Ohio from a hold rating to a strong-buy rating and set a $39.00 price target for the company in a report on Friday, March 8th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company has a consensus rating of Hold and a consensus target price of $39.00.

Shares of PKOH stock opened at $30.33 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. Park-Ohio has a 12 month low of $28.01 and a 12 month high of $43.15. The stock has a market cap of $383.13 million, a price-to-earnings ratio of 7.09 and a beta of 2.38.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings results on Monday, May 6th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.03. The business had revenue of $420.10 million for 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%. On average, research analysts anticipate that Park-Ohio will post 4.43 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.65%. The ex-dividend date was Tuesday, May 14th. Park-Ohio’s dividend payout ratio (DPR) is presently 11.68%.

In other news, Director Ronna Romney sold 2,195 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $32.99, for a total value of $72,413.05. Following the completion of the transaction, the director now owns 16,900 shares in the company, valued at approximately $557,531. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 31.20% of the company’s stock.

Several institutional investors have recently modified their holdings of PKOH. New York State Teachers Retirement System acquired a new position in shares of Park-Ohio in the 4th quarter valued at $25,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Park-Ohio by 453.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,872 shares of the industrial products company’s stock valued at $61,000 after buying an additional 1,534 shares in the last quarter. Cutler Group LP boosted its holdings in shares of Park-Ohio by 1,000.0% in the 4th quarter. Cutler Group LP now owns 2,200 shares of the industrial products company’s stock valued at $67,000 after buying an additional 2,000 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Park-Ohio in the 1st quarter valued at $83,000. Finally, Citigroup Inc. boosted its holdings in shares of Park-Ohio by 14.4% in the 4th quarter. Citigroup Inc. now owns 2,951 shares of the industrial products company’s stock valued at $91,000 after buying an additional 371 shares in the last quarter. Institutional investors and hedge funds own 53.62% of the company’s stock.

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. 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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