Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 58,900 Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 58,900 shares of the industrial products company's stock, valued at approximately $1,547,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.42% of Park-Ohio at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its stake in Park-Ohio by 5.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,549 shares of the industrial products company's stock valued at $251,000 after buying an additional 469 shares during the last quarter. Empowered Funds LLC grew its position in shares of Park-Ohio by 4.3% in the fourth quarter. Empowered Funds LLC now owns 11,345 shares of the industrial products company's stock valued at $298,000 after purchasing an additional 471 shares during the last quarter. Bridgeway Capital Management LLC increased 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 during the period. Rhumbline Advisers boosted its stake in Park-Ohio by 5.2% in the 4th quarter. Rhumbline Advisers now owns 13,463 shares of the industrial products company's stock valued at $354,000 after purchasing an additional 661 shares during the period. Finally, Federated Hermes Inc. increased its position in Park-Ohio by 74.9% during the 4th quarter. Federated Hermes Inc. now owns 2,204 shares of the industrial products company's stock worth $58,000 after buying an additional 944 shares during the period. Institutional investors and hedge funds own 51.38% of the company's stock.

Insider Activity

In other Park-Ohio news, Director Edward F. Crawford sold 22,500 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $21.63, for a total value of $486,675.00. Following the completion of the transaction, the director now owns 766,273 shares of the company's stock, valued at $16,574,484.99. This represents a 2.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 31.51% of the stock is currently owned by corporate insiders.

Park-Ohio Price Performance

Shares of NASDAQ PKOH traded down $0.01 during midday trading on Friday, reaching $17.63. The company's stock had a trading volume of 12,697 shares, compared to its average volume of 29,277. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.26 and a current ratio of 2.45. The company has a market cap of $250.87 million, a P/E ratio of 14.10 and a beta of 1.28. The business's 50 day moving average price is $19.31 and its two-hundred day moving average price is $23.65. Park-Ohio Holdings Corp. has a fifty-two week low of $17.27 and a fifty-two week high of $34.50.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.18). Park-Ohio had a return on equity of 14.64% and a net margin of 1.01%. The firm had revenue of $405.40 million for the quarter, compared to the consensus estimate of $425.95 million.

Park-Ohio Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.84%. Park-Ohio's payout ratio is currently 21.83%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Park-Ohio from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th.

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.