Renaissance Technologies LLC boosted its position in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) by 246.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 27,300 shares of the industrial products company's stock after purchasing an additional 19,410 shares during the period. Renaissance Technologies LLC owned about 0.19% of Park-Ohio worth $717,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC boosted its stake in shares of Park-Ohio by 4.3% during the 4th quarter. Empowered Funds LLC now owns 11,345 shares of the industrial products company's stock worth $298,000 after acquiring an additional 471 shares during the period. Rhumbline Advisers lifted its holdings in Park-Ohio by 5.2% during 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 last quarter. Federated Hermes Inc. boosted its position in Park-Ohio by 74.9% during the fourth quarter. Federated Hermes Inc. now owns 2,204 shares of the industrial products company's stock worth $58,000 after purchasing an additional 944 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Park-Ohio by 4.9% in the fourth quarter. Victory Capital Management Inc. now owns 23,500 shares of the industrial products company's stock valued at $617,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Park-Ohio by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,446 shares of the industrial products company's stock valued at $668,000 after purchasing an additional 1,207 shares during the period. Institutional investors and hedge funds own 51.38% of the company's stock.
Park-Ohio Stock Performance
Shares of Park-Ohio stock traded up $0.43 on Thursday, hitting $19.92. The stock had a trading volume of 457 shares, compared to its average volume of 28,445. The stock has a market cap of $283.50 million, a price-to-earnings ratio of 15.94 and a beta of 1.27. The business's 50 day moving average is $20.79 and its two-hundred day moving average is $25.35. The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. Park-Ohio Holdings Corp. has a twelve month low of $17.58 and a twelve month high of $34.50.
Park-Ohio (NASDAQ:PKOH - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.18). The firm had revenue of $405.40 million for the quarter, compared to the consensus estimate of $425.95 million. Park-Ohio had a return on equity of 14.64% and a net margin of 1.01%.
Park-Ohio Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.51%. Park-Ohio's payout ratio is presently 20.49%.
Insider Transactions at Park-Ohio
In other Park-Ohio news, Director Edward F. Crawford sold 22,500 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $21.63, for a total transaction of $486,675.00. Following the transaction, the director now owns 766,273 shares in the company, valued at $16,574,484.99. This trade represents a 2.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 31.51% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of Park-Ohio from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th.
Check Out Our Latest Report on PKOH
About Park-Ohio
(
Free Report)
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.
Featured Stories
Before you consider Park-Ohio, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Park-Ohio wasn't on the list.
While Park-Ohio currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
