ValuEngine downgraded shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) from a strong-buy rating to a buy rating in a research note issued to investors on Monday morning.

A number of other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded Park-Ohio Holdings Corp. from a buy rating to a hold rating in a research report on Wednesday, September 6th. BidaskClub raised Park-Ohio Holdings Corp. from a sell rating to a hold rating in a research report on Wednesday, August 16th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $45.00.

Park-Ohio Holdings Corp. (NASDAQ PKOH) traded up 0.595% during mid-day trading on Monday, reaching $46.525. 6,083 shares of the company’s stock were exchanged. Park-Ohio Holdings Corp. has a 52-week low of $30.01 and a 52-week high of $47.00. The stock has a 50-day moving average price of $41.40 and a 200 day moving average price of $38.76. The company has a market cap of $567.56 million, a PE ratio of 17.610 and a beta of 3.46.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last released its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Park-Ohio Holdings Corp. had a return on equity of 16.90% and a net margin of 2.50%. The firm had revenue of $350.90 million during the quarter, compared to the consensus estimate of $355.83 million. Equities analysts predict that Park-Ohio Holdings Corp. will post $3.24 earnings per share for the current fiscal year.

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In other news, COO Matthew V. Crawford sold 15,808 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $39.47, for a total value of $623,941.76. Following the completion of the sale, the chief operating officer now owns 1,032,645 shares of the company’s stock, valued at approximately $40,758,498.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James W. Wert sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $40.80, for a total value of $102,000.00. Following the completion of the sale, the director now directly owns 81,695 shares of the company’s stock, valued at approximately $3,333,156. The disclosure for this sale can be found here. In the last three months, insiders sold 39,650 shares of company stock valued at $1,647,828. 31.00% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Park-Ohio Holdings Corp. by 8.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 717,368 shares of the industrial products company’s stock valued at $27,332,000 after buying an additional 55,315 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Park-Ohio Holdings Corp. by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 380,717 shares of the industrial products company’s stock valued at $14,506,000 after buying an additional 13,983 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of Park-Ohio Holdings Corp. by 1.3% in the 2nd quarter. Blair William & Co. IL now owns 203,192 shares of the industrial products company’s stock valued at $7,742,000 after buying an additional 2,665 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new stake in shares of Park-Ohio Holdings Corp. in the 2nd quarter valued at approximately $5,744,000. Finally, Royce & Associates LP boosted its holdings in shares of Park-Ohio Holdings Corp. by 20.3% in the 2nd quarter. Royce & Associates LP now owns 142,080 shares of the industrial products company’s stock valued at $5,413,000 after buying an additional 23,958 shares during the last quarter. 55.12% of the stock is owned by institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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