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

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

Park-Ohio Stock Performance

Shares of PKOH opened at $21.53 on Thursday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.26 and a current ratio of 2.45. Park-Ohio has a twelve month low of $21.00 and a twelve month high of $34.50. The firm’s 50 day moving average price is $24.37 and its two-hundred day moving average price is $27.82. The firm has a market cap of $306.39 million, a P/E ratio of 17.22 and a beta of 1.16.

Insider Buying and Selling at Park-Ohio

In other news, Director Edward F. Crawford sold 22,500 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $21.63, for a total value of $486,675.00. Following the sale, the director now owns 766,273 shares of the company’s stock, valued at $16,574,484.99. The trade was a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 33.04% of the company’s stock.

Institutional Trading of Park-Ohio

A number of institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in shares of Park-Ohio by 5.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,549 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 469 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Park-Ohio by 4.3% in the fourth quarter. Empowered Funds LLC now owns 11,345 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 471 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Park-Ohio by 1.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 33,829 shares of the industrial products company’s stock worth $889,000 after purchasing an additional 471 shares in the last quarter. Rhumbline Advisers raised its position in Park-Ohio by 5.2% during the fourth quarter. Rhumbline Advisers now owns 13,463 shares of the industrial products company’s stock worth $354,000 after acquiring an additional 661 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in Park-Ohio by 74.9% during the fourth quarter. Federated Hermes Inc. now owns 2,204 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 944 shares in the last quarter. Institutional investors own 51.38% of the company’s stock.

About Park-Ohio

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.