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

A number of other brokerages have also issued reports on PKOH. Zacks Investment Research upgraded shares of Park-Ohio from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Tuesday, August 14th. BidaskClub upgraded shares of Park-Ohio from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 18th. Finally, B. Riley restated a “neutral” rating on shares of Park-Ohio in a research report on Wednesday, November 7th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $40.00.

PKOH stock opened at $33.02 on Thursday. The company has a market capitalization of $433.13 million, a PE ratio of 8.65 and a beta of 2.78. Park-Ohio has a 12 month low of $32.32 and a 12 month high of $47.90. The company has a current ratio of 2.43, a quick ratio of 1.42 and a debt-to-equity ratio of 1.78.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.92 by $0.15. The business had revenue of $414.30 million for the quarter, compared to analyst estimates of $404.00 million. Park-Ohio had a net margin of 2.76% and a return on equity of 16.17%. Equities analysts anticipate that Park-Ohio will post 3.96 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sun Life Financial INC acquired a new stake in Park-Ohio during the second quarter worth approximately $165,000. Tower Research Capital LLC TRC boosted its position in Park-Ohio by 279.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,426 shares of the industrial products company’s stock worth $165,000 after acquiring an additional 3,259 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Park-Ohio during the third quarter worth approximately $224,000. PEAK6 Investments L.P. boosted its position in Park-Ohio by 7,026.6% during the second quarter. PEAK6 Investments L.P. now owns 6,511 shares of the industrial products company’s stock worth $243,000 after acquiring an additional 6,605 shares during the last quarter. Finally, MetLife Investment Advisors LLC boosted its position in Park-Ohio by 55.6% during the third quarter. MetLife Investment Advisors LLC now owns 7,386 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 2,638 shares during the last quarter. Hedge funds and other institutional investors own 54.06% of the company’s stock.

Park-Ohio Company Profile

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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