StockNews.com Downgrades Park-Ohio (NASDAQ:PKOH) to Hold

Park-Ohio (NASDAQ:PKOH) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Park-Ohio Stock Performance

NASDAQ PKOH traded down $0.91 on Tuesday, hitting $32.57. The stock had a trading volume of 39,043 shares, compared to its average volume of 27,145. Park-Ohio has a one year low of $22.32 and a one year high of $34.50. The company has a quick ratio of 1.22, a current ratio of 2.42 and a debt-to-equity ratio of 2.22. The stock has a market cap of $429.24 million, a price-to-earnings ratio of 26.06 and a beta of 1.16. The company’s 50-day moving average is $29.44 and its two-hundred day moving average is $27.77.

Park-Ohio (NASDAQ:PKOH) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.18. The firm had revenue of $417.60 million during the quarter. Park-Ohio had a net margin of 1.01% and a return on equity of 15.21%.

Institutional Investors Weigh In On Park-Ohio

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its stake in shares of Park-Ohio by 23.1% during the 1st quarter. BNP Paribas Financial Markets now owns 10,831 shares of the industrial products company’s stock worth $289,000 after purchasing an additional 2,036 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Park-Ohio by 7.8% during the 1st quarter. Empowered Funds LLC now owns 9,618 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 700 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Park-Ohio by 5.0% during the 1st quarter. First Eagle Investment Management LLC now owns 111,529 shares of the industrial products company’s stock worth $2,976,000 after purchasing an additional 5,351 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Park-Ohio by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 442,830 shares of the industrial products company’s stock worth $11,815,000 after purchasing an additional 3,236 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in Park-Ohio by 0.4% in the 1st quarter. Acadian Asset Management LLC now owns 246,968 shares of the industrial products company’s stock valued at $6,584,000 after buying an additional 1,074 shares during the last quarter. Hedge funds and other institutional investors own 51.38% of the company’s stock.

Park-Ohio Company 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.