Victory Capital Management Inc. Sells 8,300 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Victory Capital Management Inc. reduced its stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 25.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,200 shares of the industrial products company’s stock after selling 8,300 shares during the quarter. Victory Capital Management Inc. owned about 0.18% of Park-Ohio worth $652,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Gladius Capital Management LP purchased a new position in shares of Park-Ohio during the third quarter valued at approximately $37,000. Barclays PLC boosted its position in shares of Park-Ohio by 32.6% during the third quarter. Barclays PLC now owns 2,225 shares of the industrial products company’s stock valued at $45,000 after buying an additional 547 shares during the period. Covestor Ltd boosted its position in shares of Park-Ohio by 6,160.0% during the third quarter. Covestor Ltd now owns 2,817 shares of the industrial products company’s stock valued at $56,000 after buying an additional 2,772 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Park-Ohio during the third quarter valued at approximately $60,000. Finally, Strs Ohio purchased a new position in shares of Park-Ohio during the fourth quarter valued at approximately $75,000. 51.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Park-Ohio from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th.

Park-Ohio Stock Down 1.9 %

Shares of NASDAQ PKOH opened at $25.91 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.16 and a current ratio of 2.25. The firm has a market capitalization of $338.64 million, a price-to-earnings ratio of 28.47 and a beta of 1.21. The stock has a 50 day moving average price of $25.65 and a 200 day moving average price of $25.13. Park-Ohio Holdings Corp. has a 52-week low of $14.85 and a 52-week high of $28.79.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings results on Monday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. The firm had revenue of $417.60 million during the quarter, compared to analyst estimates of $439.00 million. Park-Ohio had a return on equity of 13.93% and a net margin of 0.70%. During the same quarter in the previous year, the business earned $0.72 earnings per share. Sell-side analysts expect that Park-Ohio Holdings Corp. will post 3.37 earnings per share for the current year.

Park-Ohio Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 3rd were issued a dividend of $0.125 per share. The ex-dividend date was Thursday, May 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 1.93%. Park-Ohio’s dividend payout ratio is currently 54.95%.

Insiders Place Their Bets

In other Park-Ohio news, Director James W. Wert sold 1,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $26.57, for a total transaction of $26,570.00. Following the completion of the sale, the director now owns 81,690 shares in the company, valued at $2,170,503.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Park-Ohio news, Director James W. Wert sold 1,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $26.57, for a total transaction of $26,570.00. Following the completion of the sale, the director now owns 81,690 shares in the company, valued at $2,170,503.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James W. Wert sold 1,500 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $25.98, for a total value of $38,970.00. Following the sale, the director now owns 82,690 shares of the company’s stock, valued at approximately $2,148,286.20. The disclosure for this sale can be found here. Insiders sold a total of 4,500 shares of company stock worth $118,560 over the last 90 days. Company insiders own 33.04% of the company’s stock.

Park-Ohio Profile

Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.