Acadian Asset Management LLC Has $4.93 Million Stock Position in Park-Ohio Holdings Corp. $PKOH

Key Points

• Acadian Asset Management LLC has reduced its holdings in Park-Ohio Holdings Corp. by 10.5%, selling 26,868 shares and now owning 1.61% of the company valued at approximately $4.93 million.
• Park-Ohio's recent quarterly earnings fell short of estimates, reporting $0.75 earnings per share compared to the expected $0.76 and revenue of $400.10 million against a forecast of $416.10 million.
• The company declared a quarterly dividend of $0.125 per share, yielding 2.3%, with a payout ratio of 24.63% as of its last issuance.

Acadian Asset Management LLC cut its holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) by 10.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 228,438 shares of the industrial products company's stock after selling 26,868 shares during the period. Acadian Asset Management LLC owned 1.61% of Park-Ohio worth $4,931,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of Park-Ohio by 14,282.4% in the first quarter. Russell Investments Group Ltd. now owns 2,445 shares of the industrial products company's stock worth $53,000 after purchasing an additional 2,428 shares during the period. Jones Financial Companies Lllp acquired a new stake in Park-Ohio during the first quarter worth about $80,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Park-Ohio by 10.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company's stock worth $118,000 after buying an additional 527 shares in the last quarter. Bank of America Corp DE grew its position in Park-Ohio by 47.4% during the fourth quarter. Bank of America Corp DE now owns 9,127 shares of the industrial products company's stock worth $240,000 after buying an additional 2,934 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Park-Ohio by 88.7% during the fourth quarter. Deutsche Bank AG now owns 9,261 shares of the industrial products company's stock worth $243,000 after buying an additional 4,354 shares in the last quarter. 51.38% of the stock is currently owned by institutional investors.

Park-Ohio Stock Performance

PKOH stock traded down $0.15 during trading on Tuesday, reaching $21.64. 13,241 shares of the stock were exchanged, compared to its average volume of 27,578. Park-Ohio Holdings Corp. has a twelve month low of $15.52 and a twelve month high of $34.50. The company has a market capitalization of $311.62 million, a P/E ratio of 10.66 and a beta of 1.31. The stock has a 50 day simple moving average of $18.76 and a 200-day simple moving average of $19.34. The company has a current ratio of 2.60, a quick ratio of 1.33 and a debt-to-equity ratio of 1.75.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $0.75 earnings per share 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 dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $0.50 dividend on an annualized basis 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 firm's stock in a transaction on Thursday, August 14th. The shares were bought at an average cost of $20.04 per share, with a total value of $83,506.68. Following the completion of the acquisition, the chief executive officer owned 911,237 shares of the company's stock, valued at $18,261,189.48. This trade represents a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 31.51% of the stock is currently owned by company insiders.

Park-Ohio 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.