Nuveen LLC bought a new position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,723 shares of the industrial products company's stock, valued at approximately $361,000. Nuveen LLC owned approximately 0.12% of Park-Ohio at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Private Management Group Inc. grew its stake in shares of Park-Ohio by 4.2% during the first quarter. Private Management Group Inc. now owns 1,004,311 shares of the industrial products company's stock worth $21,693,000 after purchasing an additional 40,594 shares in the last quarter. Northern Trust Corp grew its stake in shares of Park-Ohio by 12.5% during the fourth quarter. Northern Trust Corp now owns 72,976 shares of the industrial products company's stock worth $1,917,000 after purchasing an additional 8,118 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Park-Ohio during the fourth quarter worth $1,547,000. Citadel Advisors LLC grew its stake in shares of Park-Ohio by 104.6% during the fourth quarter. Citadel Advisors LLC now owns 44,243 shares of the industrial products company's stock worth $1,162,000 after purchasing an additional 22,619 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in shares of Park-Ohio by 1.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 33,829 shares of the industrial products company's stock worth $889,000 after purchasing an additional 471 shares in the last quarter. Institutional investors and hedge funds own 51.38% of the company's stock.
Park-Ohio Stock Performance
Shares of PKOH stock opened at $21.05 on Friday. The company has a current ratio of 2.60, a quick ratio of 1.33 and a debt-to-equity ratio of 1.75. The firm has a fifty day moving average price of $18.40 and a 200 day moving average price of $19.51. The company has a market cap of $303.12 million, a P/E ratio of 10.37 and a beta of 1.32. Park-Ohio Holdings Corp. has a 12 month low of $15.52 and a 12 month high of $34.50.
Park-Ohio (NASDAQ:PKOH - Get Free Report) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.01). Park-Ohio had a return on equity of 12.27% and a net margin of 1.73%.The firm had revenue of $400.10 million for the quarter, compared to analyst estimates of $416.10 million.
Park-Ohio Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.4%. Park-Ohio's dividend payout ratio is 24.63%.
Insider Activity
In other news, CEO Matthew V. Crawford bought 4,167 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average cost of $20.04 per share, with a total value of $83,506.68. Following the transaction, the chief executive officer directly owned 911,237 shares in the company, valued at $18,261,189.48. This trade represents a 0.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 31.51% of the stock is currently owned by company insiders.
Park-Ohio Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding PKOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report).
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