A number of other research firms also recently weighed in on PKOH. BidaskClub downgraded Park-Ohio from a buy rating to a hold rating in a research report on Thursday, January 18th. Zacks Investment Research raised Park-Ohio from a hold rating to a buy rating and set a $53.00 price objective on the stock in a research note on Tuesday, January 23rd. Finally, ValuEngine cut Park-Ohio from a strong-buy rating to a buy rating in a research note on Monday, April 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $41.00.
NASDAQ PKOH remained flat at $$38.05 during trading hours on Wednesday. The company’s stock had a trading volume of 2,872 shares, compared to its average volume of 21,743. Park-Ohio has a twelve month low of $34.33 and a twelve month high of $47.90. The company has a quick ratio of 1.40, a current ratio of 2.43 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $493.90, a P/E ratio of 11.78 and a beta of 2.79.
Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Park-Ohio by 6.3% during the third quarter. Dimensional Fund Advisors LP now owns 762,438 shares of the industrial products company’s stock valued at $34,767,000 after buying an additional 45,070 shares during the last quarter. Private Management Group Inc. grew its stake in shares of Park-Ohio by 1.2% during the fourth quarter. Private Management Group Inc. now owns 638,747 shares of the industrial products company’s stock valued at $29,350,000 after buying an additional 7,566 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Park-Ohio by 8.1% during the fourth quarter. California Public Employees Retirement System now owns 42,672 shares of the industrial products company’s stock valued at $1,961,000 after buying an additional 3,202 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Park-Ohio by 48.5% during the third quarter. Wells Fargo & Company MN now owns 14,445 shares of the industrial products company’s stock valued at $658,000 after buying an additional 4,721 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Park-Ohio by 9.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 40,028 shares of the industrial products company’s stock valued at $1,826,000 after buying an additional 3,519 shares during the last quarter. 55.93% of the stock is currently owned by hedge funds and other institutional investors.
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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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