Park-Ohio (NASDAQ:PKOH) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Park-Ohio's stock has been given a "hold (c)" rating by Weiss Ratings, indicating analysts are cautious about its future performance.
• The company reported earnings per share of $0.75 for the last quarter, slightly missing analysts' expectations of $0.76 alongside revenues of $400.1 million.
• Insider trading activity saw CEO Matthew V. Crawford purchase 4,167 shares, increasing his ownership stake, which highlights continued confidence in the company.

Park-Ohio (NASDAQ:PKOH - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Park-Ohio Stock Up 1.6%

PKOH stock opened at $20.43 on Wednesday. Park-Ohio has a fifty-two week low of $15.52 and a fifty-two week high of $34.50. The business's 50 day moving average price is $19.94 and its two-hundred day moving average price is $19.22. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.33 and a current ratio of 2.60. The company has a market capitalization of $294.09 million, a price-to-earnings ratio of 10.06 and a beta of 1.34.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last posted 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 analysts' expectations of $416.10 million.

Insider Activity at Park-Ohio

In related news, CEO Matthew V. Crawford purchased 4,167 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 31.51% of the stock is currently owned by corporate insiders.

Institutional Trading of Park-Ohio

A number of hedge funds have recently made changes to their positions in the stock. Gamco Investors INC. ET AL boosted its position in shares of Park-Ohio by 12.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,083,270 shares of the industrial products company's stock worth $19,347,000 after purchasing an additional 118,393 shares in the last quarter. Private Management Group Inc. boosted its position in shares of Park-Ohio by 1.9% in the 2nd quarter. Private Management Group Inc. now owns 1,023,164 shares of the industrial products company's stock worth $18,274,000 after purchasing an additional 18,853 shares in the last quarter. Gabelli Funds LLC boosted its position in shares of Park-Ohio by 0.5% in the 2nd quarter. Gabelli Funds LLC now owns 480,200 shares of the industrial products company's stock worth $8,576,000 after purchasing an additional 2,500 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Park-Ohio by 18.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 386,025 shares of the industrial products company's stock worth $6,894,000 after purchasing an additional 61,132 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in Park-Ohio by 2.9% in the 2nd quarter. Acadian Asset Management LLC now owns 234,968 shares of the industrial products company's stock valued at $4,193,000 after acquiring an additional 6,530 shares in the last quarter. 51.38% of the stock is owned by institutional investors.

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.

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