Park-Ohio (NASDAQ:PKOH - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Wednesday.
Park-Ohio Price Performance
PKOH stock traded up $0.01 during trading on Wednesday, hitting $32.00. 41,598 shares of the stock traded hands, compared to its average volume of 27,752. The company has a 50 day simple moving average of $29.95 and a 200 day simple moving average of $28.07. The company has a current ratio of 2.45, a quick ratio of 1.26 and a debt-to-equity ratio of 1.90. Park-Ohio has a one year low of $22.32 and a one year high of $34.50. The stock has a market cap of $449.28 million, a price-to-earnings ratio of 25.44 and a beta of 1.16.
Park-Ohio (NASDAQ:PKOH - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.18. Park-Ohio had a net margin of 1.01% and a return on equity of 14.64%. The company had revenue of $417.60 million during the quarter.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in PKOH. Dimensional Fund Advisors LP lifted its position in Park-Ohio by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 779,363 shares of the industrial products company's stock valued at $20,177,000 after purchasing an additional 12,267 shares during the last quarter. Vanguard Group Inc. grew its stake in Park-Ohio by 0.7% in the first quarter. Vanguard Group Inc. now owns 442,830 shares of the industrial products company's stock worth $11,815,000 after purchasing an additional 3,236 shares during the period. Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 2,928 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Park-Ohio by 41.8% in the second quarter. First Eagle Investment Management LLC now owns 158,189 shares of the industrial products company's stock worth $4,096,000 after buying an additional 46,660 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Park-Ohio by 0.8% during the 3rd quarter. State Street Corp now owns 134,356 shares of the industrial products company's stock valued at $4,125,000 after purchasing an additional 1,034 shares during the last quarter. Hedge funds and other institutional investors own 51.38% of the company's stock.
Park-Ohio Company Profile
(
Get 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.
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