Robert D. Vilsack Sells 1,471 Shares of Park-Ohio Holdings Corp. (PKOH) Stock
Park-Ohio Holdings Corp. (NASDAQ:PKOH) insider Robert D. Vilsack sold 1,471 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $45.75, for a total transaction of $67,298.25. Following the completion of the sale, the insider now owns 93,527 shares in the company, valued at approximately $4,278,860.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) opened at 46.25 on Thursday. Park-Ohio Holdings Corp. has a one year low of $30.01 and a one year high of $47.00. The stock’s 50 day moving average is $41.40 and its 200-day moving average is $38.76. The firm has a market cap of $564.20 million, a price-to-earnings ratio of 17.51 and a beta of 3.46.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last issued its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.02. The firm had revenue of $350.90 million for the quarter, compared to analyst estimates of $355.83 million. Park-Ohio Holdings Corp. had a net margin of 2.50% and a return on equity of 16.90%. On average, equities research analysts expect that Park-Ohio Holdings Corp. will post $3.24 earnings per share for the current fiscal year.
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Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in shares of Park-Ohio Holdings Corp. by 31.7% in the 1st quarter. Russell Investments Group Ltd. now owns 4,981 shares of the industrial products company’s stock valued at $180,000 after purchasing an additional 1,200 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Park-Ohio Holdings Corp. in the 2nd quarter valued at $197,000. American International Group Inc. boosted its stake in shares of Park-Ohio Holdings Corp. by 7.1% in the 1st quarter. American International Group Inc. now owns 5,238 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 346 shares in the last quarter. Oxford Asset Management purchased a new stake in shares of Park-Ohio Holdings Corp. in the 1st quarter valued at $202,000. Finally, Royal Bank of Canada boosted its stake in shares of Park-Ohio Holdings Corp. by 0.7% in the 2nd quarter. Royal Bank of Canada now owns 5,663 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 37 shares in the last quarter. 55.12% of the stock is owned by institutional investors.
A number of brokerages have weighed in on PKOH. FBR & Co raised their target price on shares of Park-Ohio Holdings Corp. from $33.00 to $37.00 and gave the company a “mkt perform” rating in a research report on Wednesday, August 9th. BidaskClub lowered shares of Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research lowered shares of Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $45.00.
About Park-Ohio Holdings Corp.
Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products.
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