Park-Ohio (NASDAQ:PKOH) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other brokerages have also recently commented on PKOH. BidaskClub cut shares of Park-Ohio from a “sell” rating to a “strong sell” rating in a research report on Friday, June 8th. TheStreet upgraded shares of Park-Ohio from a “c+” rating to a “b-” rating in a research report on Friday, June 15th. Finally, Zacks Investment Research upgraded shares of Park-Ohio from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $45.00.

Shares of NASDAQ PKOH opened at $38.90 on Friday. Park-Ohio has a one year low of $34.95 and a one year high of $47.90. The company has a current ratio of 2.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.92. The company has a market cap of $498.97 million, a price-to-earnings ratio of 12.04 and a beta of 2.86.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings results on Thursday, August 9th. The industrial products company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.14. Park-Ohio had a net margin of 2.60% and a return on equity of 15.68%. The business had revenue of $432.20 million for the quarter, compared to analysts’ expectations of $397.83 million. sell-side analysts predict that Park-Ohio will post 3.89 EPS for the current fiscal year.

In other news, insider Edward F. Crawford sold 48,186 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $40.59, for a total value of $1,955,869.74. Following the transaction, the insider now owns 1,522,148 shares in the company, valued at $61,783,987.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronna Romney sold 5,060 shares of the firm’s stock in a transaction that occurred on Wednesday, June 27th. The stock was sold at an average price of $38.41, for a total transaction of $194,354.60. Following the completion of the transaction, the director now owns 23,684 shares in the company, valued at approximately $909,702.44. The disclosure for this sale can be found here. 31.20% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of PKOH. Sun Life Financial INC bought a new position in shares of Park-Ohio in the second quarter worth approximately $165,000. Tower Research Capital LLC TRC grew its holdings in shares of Park-Ohio by 279.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,426 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 3,259 shares during the last quarter. PEAK6 Investments L.P. grew its holdings in shares of Park-Ohio by 7,026.6% in the second quarter. PEAK6 Investments L.P. now owns 6,511 shares of the industrial products company’s stock worth $243,000 after purchasing an additional 6,605 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Park-Ohio by 17.6% in the second quarter. First Trust Advisors LP now owns 9,907 shares of the industrial products company’s stock worth $370,000 after purchasing an additional 1,482 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Park-Ohio in the second quarter worth approximately $650,000. Hedge funds and other institutional investors own 53.94% of the company’s stock.

About Park-Ohio

Park-Ohio Holdings Corp., through its subsidiaries, provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Asia, Europe, Canada, Mexico, and internationally. The company's Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.

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