Nuveen LLC Acquires Shares of 16,723 Park-Ohio Holdings Corp. $PKOH

Key Points

• Nuveen LLC acquired a new position by purchasing 16,723 shares of Park-Ohio Holdings Corp., valued at approximately $361,000, representing 0.12% of the company's stock.
• Park-Ohio reported a Q2 EPS of $0.75, which was below analysts' expectations of $0.76, and had a revenue of $400.10 million for the quarter.
• The company has a quarterly dividend of $0.125, with an annualized yield of 2.4% and a payout ratio of 24.63%.

Nuveen LLC bought a new position in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm 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 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PKOH. Private Management Group Inc. raised its holdings in 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 buying an additional 40,594 shares during the last quarter. Northern Trust Corp raised its holdings in 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 buying an additional 8,118 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Park-Ohio during the fourth quarter worth $1,547,000. Citadel Advisors LLC raised its holdings in 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 buying an additional 22,619 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in 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 buying an additional 471 shares during the last quarter. 51.38% of the stock is currently owned by institutional investors.

Park-Ohio Stock Up 3.1%

PKOH traded up $0.66 during trading on Thursday, hitting $22.19. 29,098 shares of the company's stock were exchanged, compared to its average volume of 29,158. The company has a quick ratio of 1.33, a current ratio of 2.60 and a debt-to-equity ratio of 1.75. The business's 50 day moving average is $18.65 and its two-hundred day moving average is $19.44. Park-Ohio Holdings Corp. has a fifty-two week low of $15.52 and a fifty-two week high of $34.50. The stock has a market cap of $319.43 million, a P/E ratio of 10.93 and a beta of 1.32.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.01). Park-Ohio had a return on equity of 12.27% and a net margin of 1.73%.The business had revenue of $400.10 million for the quarter, compared to analyst estimates of $416.10 million.

Park-Ohio Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $0.125 per share. The ex-dividend date was Friday, August 1st. This represents a $0.50 annualized dividend and a yield of 2.3%. Park-Ohio's dividend payout ratio (DPR) is 24.63%.

Insiders Place Their Bets

In related news, CEO Matthew V. Crawford acquired 4,167 shares of the company's stock in a transaction on Thursday, August 14th. The shares were acquired at an average cost of $20.04 per share, for a total transaction of $83,506.68. Following the purchase, the chief executive officer owned 911,237 shares in the company, valued at approximately $18,261,189.48. The trade was a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 31.51% of the company's stock.

About Park-Ohio

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.