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

Park-Ohio (NASDAQ:PKOH - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Tuesday.

Park-Ohio Trading Up 1.7 %

Shares of Park-Ohio stock traded up $0.41 during trading hours on Tuesday, hitting $24.20. The company's stock had a trading volume of 18,032 shares, compared to its average volume of 21,629. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.45 and a quick ratio of 1.26. Park-Ohio has a 12 month low of $22.74 and a 12 month high of $34.50. The stock has a 50 day moving average of $25.04 and a 200 day moving average of $28.27. The company has a market capitalization of $339.82 million, a PE ratio of 19.36 and a beta of 1.20.

Insider Buying and Selling at Park-Ohio

In other news, Director Patrick V. Auletta sold 9,800 shares of the business's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $31.43, for a total value of $308,014.00. Following the sale, the director now owns 12,135 shares of the company's stock, valued at $381,403.05. The trade was a 44.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert D. Vilsack sold 3,556 shares of the business's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $31.67, for a total transaction of $112,618.52. Following the completion of the sale, the insider now directly owns 187,764 shares in the company, valued at approximately $5,946,485.88. This represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. Insiders own 33.04% of the company's stock.

Institutional Trading of Park-Ohio

A number of institutional investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Park-Ohio during the fourth quarter worth $1,547,000. Squarepoint Ops LLC raised its position in Park-Ohio by 165.0% during the fourth quarter. Squarepoint Ops LLC now owns 19,067 shares of the industrial products company's stock worth $501,000 after acquiring an additional 11,871 shares in the last quarter. Two Sigma Advisers LP raised its position in Park-Ohio by 14.2% during the fourth quarter. Two Sigma Advisers LP now owns 20,847 shares of the industrial products company's stock worth $548,000 after acquiring an additional 2,600 shares in the last quarter. Nuveen Asset Management LLC raised its position in Park-Ohio by 96.9% during the fourth quarter. Nuveen Asset Management LLC now owns 32,923 shares of the industrial products company's stock worth $865,000 after acquiring an additional 16,200 shares in the last quarter. Finally, Deutsche Bank AG raised its position in Park-Ohio by 88.7% during the fourth quarter. Deutsche Bank AG now owns 9,261 shares of the industrial products company's stock worth $243,000 after acquiring an additional 4,354 shares in the last quarter. 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.