LSV Asset Management Decreases Stock Position in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

LSV Asset Management decreased its stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 213,257 shares of the industrial products company’s stock after selling 6,800 shares during the quarter. LSV Asset Management owned approximately 1.63% of Park-Ohio worth $5,749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bfsg LLC acquired a new stake in Park-Ohio in the fourth quarter valued at approximately $232,000. Ritholtz Wealth Management purchased a new stake in shares of Park-Ohio during the 4th quarter worth $227,000. Public Employees Retirement System of Ohio acquired a new position in shares of Park-Ohio during the third quarter worth $87,000. Los Angeles Capital Management LLC purchased a new position in Park-Ohio in the third quarter valued at $1,197,000. Finally, Acadian Asset Management LLC raised its stake in Park-Ohio by 70.6% in the third quarter. Acadian Asset Management LLC now owns 219,837 shares of the industrial products company’s stock valued at $4,373,000 after buying an additional 90,998 shares in the last quarter. Hedge funds and other institutional investors own 51.38% of the company’s stock.

Park-Ohio Price Performance

Shares of NASDAQ:PKOH opened at $25.97 on Thursday. The company has a debt-to-equity ratio of 2.21, a current ratio of 2.25 and a quick ratio of 1.16. Park-Ohio Holdings Corp. has a 12 month low of $14.85 and a 12 month high of $28.79. The firm has a market capitalization of $339.45 million, a P/E ratio of 28.54 and a beta of 1.21. The company’s fifty day moving average price is $25.35 and its 200 day moving average price is $24.91.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Monday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.09. Park-Ohio had a return on equity of 13.93% and a net margin of 0.70%. The business had revenue of $417.60 million during the quarter, compared to the consensus estimate of $439.00 million. During the same period in the prior year, the company earned $0.72 earnings per share. As a group, sell-side analysts predict that Park-Ohio Holdings Corp. will post 3.37 earnings per share for the current fiscal year.

Park-Ohio Announces Dividend

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

Insider Buying and Selling at Park-Ohio

In related news, Director James W. Wert sold 1,500 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $25.98, for a total transaction of $38,970.00. Following the completion of the sale, the director now directly owns 82,690 shares of the company’s stock, valued at $2,148,286.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director James W. Wert sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $25.98, for a total value of $38,970.00. Following the completion of the sale, the director now owns 82,690 shares in the company, valued at $2,148,286.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James W. Wert sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $27.02, for a total value of $27,020.00. Following the transaction, the director now owns 84,190 shares in the company, valued at approximately $2,274,813.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,500 shares of company stock worth $118,560. 35.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.