American Century Companies Inc. Buys 44,603 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

American Century Companies Inc. lifted its position in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) by 28.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 202,311 shares of the industrial products company's stock after purchasing an additional 44,603 shares during the period. American Century Companies Inc. owned about 1.44% of Park-Ohio worth $5,315,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in Park-Ohio by 5.2% in the 4th quarter. Rhumbline Advisers now owns 13,463 shares of the industrial products company's stock worth $354,000 after acquiring an additional 661 shares during the last quarter. Geode Capital Management LLC raised its position in Park-Ohio by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 194,982 shares of the industrial products company's stock valued at $5,987,000 after purchasing an additional 2,928 shares during the last quarter. Jane Street Group LLC purchased a new stake in Park-Ohio in the 3rd quarter worth approximately $242,000. Barclays PLC grew its position in shares of Park-Ohio by 215.2% in the 3rd quarter. Barclays PLC now owns 12,003 shares of the industrial products company's stock worth $369,000 after buying an additional 8,195 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Park-Ohio by 51.4% during the third quarter. JPMorgan Chase & Co. now owns 26,026 shares of the industrial products company's stock valued at $799,000 after acquiring an additional 8,841 shares in the last quarter. 51.38% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Park-Ohio from a "buy" rating to a "hold" rating in a report on Thursday, March 13th.

Insider Transactions at Park-Ohio

In other news, Director Edward F. Crawford sold 22,500 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $21.63, for a total value of $486,675.00. Following the sale, the director now directly owns 766,273 shares of the company's stock, valued at $16,574,484.99. The trade was a 2.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 33.04% of the company's stock.

Park-Ohio Stock Up 10.1 %

Shares of NASDAQ:PKOH traded up $1.87 during trading on Wednesday, hitting $20.46. The stock had a trading volume of 31,942 shares, compared to its average volume of 27,903. 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 12 month low of $18.23 and a 12 month high of $34.50. The company has a market capitalization of $291.17 million, a PE ratio of 16.37 and a beta of 1.10. The firm's fifty day moving average is $23.14 and its 200 day moving average is $26.85.

Park-Ohio Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Friday, February 7th. Park-Ohio's dividend payout ratio (DPR) is presently 20.49%.

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.