Park-Ohio (NASDAQ:PKOH) Downgraded to “Hold” Rating by StockNews.com

Park-Ohio (NASDAQ:PKOH) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Park-Ohio Stock Performance

NASDAQ:PKOH opened at $24.33 on Tuesday. The firm has a market capitalization of $341.64 million, a PE ratio of 19.46 and a beta of 1.20. 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 has a 12-month low of $22.74 and a 12-month high of $34.50. The firm has a 50-day moving average price of $25.18 and a 200 day moving average price of $28.36.

Insider Buying and Selling at Park-Ohio

In other Park-Ohio news, Director Patrick V. Auletta sold 9,800 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $31.43, for a total value of $308,014.00. Following the transaction, the director now directly owns 12,135 shares in the company, valued at $381,403.05. The trade was a 44.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert D. Vilsack sold 3,556 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $31.67, for a total transaction of $112,618.52. Following the sale, the insider now directly owns 187,764 shares in the company, valued at $5,946,485.88. This represents a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 33.04% of the company’s stock.

Hedge Funds Weigh In On Park-Ohio

Several institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. increased its stake in shares of Park-Ohio by 74.9% in the fourth quarter. Federated Hermes Inc. now owns 2,204 shares of the industrial products company’s stock valued at $58,000 after buying an additional 944 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Park-Ohio by 105.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 1,669 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Park-Ohio in the 4th quarter valued at about $106,000. Wells Fargo & Company MN raised its stake in shares of Park-Ohio by 33.7% in the fourth quarter. Wells Fargo & Company MN now owns 5,272 shares of the industrial products company’s stock worth $138,000 after acquiring an additional 1,328 shares during the last quarter. Finally, EMC Capital Management lifted its position in shares of Park-Ohio by 166.1% during the third quarter. EMC Capital Management now owns 7,074 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 4,416 shares in the last quarter. Institutional investors own 51.38% of the company’s stock.

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.