Park-Ohio Holdings Corp. (NASDAQ:PKOH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage currently has a $44.00 target price on the industrial products company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 9.45% from the stock’s previous close.

According to Zacks, “Park Ohio Holdings Corp. operates through two segments, Manufactured Products and Logistics, which serve a wide variety of industrial markets. Manufactured Products designs and manufactures a broad range of high quality products engineered for specific customer applications. The principal customers of Manufactured Products are original equipment manufacturers and end-users in the automotive, railroad, truck and aerospace industries. Logistics is a leading national supplier of fasteners (e.g., nuts, bolts and screws) and other industrial products. “

Other equities analysts have also issued reports about the stock. FBR & Co boosted their price target 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, TheStreet upgraded shares of Park-Ohio Holdings Corp. from a “c” rating to a “b-” rating in a research report on Monday, May 8th. One research analyst has rated the stock with a hold rating and two have given a buy rating to the stock. Park-Ohio Holdings Corp. presently has an average rating of “Buy” and a consensus target price of $43.67.

Park-Ohio Holdings Corp. (NASDAQ PKOH) opened at 40.30 on Thursday. Park-Ohio Holdings Corp. has a one year low of $30.01 and a one year high of $47.00. The company has a market cap of $491.62 million, a PE ratio of 15.25 and a beta of 3.42. The firm has a 50-day moving average of $39.82 and a 200-day moving average of $38.61.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last released its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.87 EPS for the quarter, beating 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, analysts predict that Park-Ohio Holdings Corp. will post $3.24 EPS for the current year.

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In related news, Director James W. Wert sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $40.80, for a total transaction 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 $3,333,156. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Patrick V. Auletta sold 2,010 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $38.55, for a total transaction of $77,485.50. Following the sale, the director now directly owns 18,645 shares of the company’s stock, valued at $718,764.75. The disclosure for this sale can be found here. Insiders own 31.00% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its stake in shares of Park-Ohio Holdings Corp. by 31.7% in the first quarter. Russell Investments Group Ltd. now owns 4,981 shares of the industrial products company’s stock valued at $180,000 after buying an additional 1,200 shares during the last quarter. American International Group Inc. increased its stake in shares of Park-Ohio Holdings Corp. by 7.1% in the first quarter. American International Group Inc. now owns 5,238 shares of the industrial products company’s stock valued at $188,000 after buying an additional 346 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Park-Ohio Holdings Corp. during the second quarter valued at approximately $197,000. Wedge Capital Management L L P NC increased its stake in shares of Park-Ohio Holdings Corp. by 3.8% in the first quarter. Wedge Capital Management L L P NC now owns 5,558 shares of the industrial products company’s stock valued at $200,000 after buying an additional 202 shares during the last quarter. Finally, Oxford Asset Management purchased a new stake in shares of Park-Ohio Holdings Corp. during the first quarter valued at approximately $202,000. 55.12% of the stock is owned by hedge funds and other institutional investors.

Park-Ohio Holdings Corp. Company Profile

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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