Park-Ohio's (PKOH) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Park-Ohio's stock rating has been reaffirmed as "hold (c)" by Weiss Ratings, indicating a neutral outlook for investors.
• The company reported Q2 earnings with an EPS of $0.75, falling short of the expected $0.76, and revenue of $400.10 million which was below the anticipated $416.10 million.
• Insider activity includes CEO Matthew V. Crawford purchasing 4,167 shares, leading to a total ownership of approximately $18.26 million in the company.

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

Park-Ohio Stock Down 1.7%

PKOH stock opened at $20.51 on Friday. The firm has a market cap of $295.34 million, a PE ratio of 10.10 and a beta of 1.34. 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 firm's 50 day moving average price is $20.54 and its 200-day moving average price is $19.15. Park-Ohio has a one year low of $15.52 and a one year high of $34.50.

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

Insider Activity at Park-Ohio

In other news, CEO Matthew V. Crawford bought 4,167 shares of the business's stock in a transaction on Thursday, August 14th. The shares were bought at an average price of $20.04 per share, with a total value of $83,506.68. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 31.51% of the company's stock.

Institutional Trading of Park-Ohio

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PKOH. CWM LLC raised its position in Park-Ohio by 238.4% in the third quarter. CWM LLC now owns 1,215 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 856 shares during the period. Tower Research Capital LLC TRC raised its position in Park-Ohio by 377.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company's stock valued at $48,000 after purchasing an additional 2,134 shares during the period. Russell Investments Group Ltd. raised its position in 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 valued at $53,000 after purchasing an additional 2,428 shares during the period. Jones Financial Companies Lllp purchased a new stake in Park-Ohio in the first quarter valued at approximately $80,000. Finally, Raymond James Financial Inc. purchased a new stake in Park-Ohio in the second quarter valued at approximately $90,000. Hedge funds and other institutional investors own 51.38% of the company's stock.

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.

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