Park-Ohio Holdings Corp. (NASDAQ:PKOH – Get Rating) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.98 and traded as high as $17.21. Park-Ohio shares last traded at $17.13, with a volume of 28,942 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Park-Ohio from a “sell” rating to a “hold” rating in a report on Thursday, May 12th.
Park-Ohio Trading Up 1.4 %
The business’s 50 day moving average price is $15.90 and its 200-day moving average price is $15.98. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.15 and a current ratio of 2.18. The company has a market cap of $215.50 million, a price-to-earnings ratio of -8.48 and a beta of 1.17.
Park-Ohio (NASDAQ:PKOH – Get Rating) last posted its earnings results on Monday, May 9th. The industrial products company reported $0.73 earnings per share for the quarter, topping the consensus estimate of ($0.70) by $1.43. Park-Ohio had a negative net margin of 1.62% and a negative return on equity of 3.60%. The business had revenue of $418.40 million for the quarter, compared to analyst estimates of $365.30 million. During the same quarter in the prior year, the firm earned $0.53 EPS. On average, research analysts forecast that Park-Ohio Holdings Corp. will post 1.95 EPS for the current year.
Insiders Place Their Bets
In related news, Director James W. Wert acquired 2,000 shares of the firm’s stock in a transaction on Thursday, June 16th. The shares were purchased at an average price of $14.86 per share, with a total value of $29,720.00. Following the acquisition, the director now directly owns 88,882 shares in the company, valued at $1,320,786.52. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have purchased a total of 3,000 shares of company stock valued at $43,720 in the last 90 days. 33.26% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of PKOH. Gamco Investors INC. ET AL raised its position in shares of Park-Ohio by 10.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 922,160 shares of the industrial products company’s stock valued at $12,975,000 after acquiring an additional 84,440 shares during the period. Private Management Group Inc. raised its position in shares of Park-Ohio by 4.8% in the 1st quarter. Private Management Group Inc. now owns 750,583 shares of the industrial products company’s stock valued at $10,561,000 after acquiring an additional 34,488 shares during the period. Gabelli Funds LLC raised its position in shares of Park-Ohio by 6.0% in the 1st quarter. Gabelli Funds LLC now owns 466,062 shares of the industrial products company’s stock valued at $6,557,000 after acquiring an additional 26,462 shares during the period. Vanguard Group Inc. raised its position in shares of Park-Ohio by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 427,986 shares of the industrial products company’s stock valued at $6,022,000 after acquiring an additional 8,817 shares during the period. Finally, Teton Advisors Inc. raised its position in shares of Park-Ohio by 5.3% in the 1st quarter. Teton Advisors Inc. now owns 200,047 shares of the industrial products company’s stock valued at $2,815,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 52.50% of the company’s stock.
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.
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