Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) have been given a consensus rating of “Hold” by the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $25.50.
A number of brokerages have recently issued reports on PKOH. ValuEngine raised shares of Park-Ohio from a “sell” rating to a “hold” rating in a research report on Friday, June 5th. B. Riley reissued a “neutral” rating on shares of Park-Ohio in a research report on Tuesday, July 28th. Finally, Zacks Investment Research cut shares of Park-Ohio from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 8th.
Several institutional investors have recently made changes to their positions in the company. FMR LLC lifted its position in Park-Ohio by 807.7% during the second quarter. FMR LLC now owns 163,759 shares of the industrial products company’s stock worth $2,717,000 after purchasing an additional 145,717 shares during the period. State Street Corp lifted its position in Park-Ohio by 28.0% during the first quarter. State Street Corp now owns 219,607 shares of the industrial products company’s stock worth $4,159,000 after purchasing an additional 48,003 shares during the period. Gamco Investors INC. ET AL lifted its position in Park-Ohio by 2.7% during the first quarter. Gamco Investors INC. ET AL now owns 783,341 shares of the industrial products company’s stock worth $14,836,000 after purchasing an additional 20,466 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its position in Park-Ohio by 97.5% during the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 40,300 shares of the industrial products company’s stock worth $763,000 after purchasing an additional 19,900 shares during the period. Finally, Denali Advisors LLC lifted its position in Park-Ohio by 37.1% during the second quarter. Denali Advisors LLC now owns 57,700 shares of the industrial products company’s stock worth $957,000 after purchasing an additional 15,600 shares during the period. 52.52% of the stock is owned by institutional investors.
Shares of NASDAQ:PKOH traded up $1.33 on Monday, hitting $17.29. The company had a trading volume of 41,933 shares, compared to its average volume of 51,864. Park-Ohio has a 1-year low of $10.78 and a 1-year high of $36.11. The stock has a market cap of $217.89 million, a price-to-earnings ratio of 54.03 and a beta of 1.63. The stock has a 50 day moving average price of $16.08 and a 200 day moving average price of $15.71. The company has a current ratio of 2.68, a quick ratio of 1.38 and a debt-to-equity ratio of 1.75.
Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported ($1.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.96) by ($0.21). Park-Ohio had a net margin of 0.32% and a return on equity of 2.40%. The company had revenue of $228.30 million during the quarter, compared to analyst estimates of $258.43 million. Sell-side analysts anticipate that Park-Ohio will post -0.66 earnings per share for the current fiscal year.
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. The company's Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.
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