Park-Ohio (NASDAQ:PKOH) Downgraded by StockNews.com to “Hold”

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

Park-Ohio Trading Up 2.9 %

Shares of Park-Ohio stock traded up $0.68 during trading on Tuesday, reaching $24.06. 19,845 shares of the company were exchanged, compared to its average volume of 22,087. The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. Park-Ohio has a twelve month low of $22.74 and a twelve month high of $34.50. The business has a 50-day moving average price of $25.26 and a 200-day moving average price of $28.38. The firm has a market capitalization of $337.85 million, a price-to-earnings ratio of 19.25 and a beta of 1.20.

Insider Buying and Selling

In other Park-Ohio news, insider Robert D. Vilsack sold 3,556 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $31.67, for a total value of $112,618.52. Following the completion of the transaction, the insider now directly owns 187,764 shares of the company’s stock, valued at approximately $5,946,485.88. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick V. Auletta sold 9,800 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $31.43, for a total value of $308,014.00. Following the completion of the transaction, the director now directly owns 12,135 shares of the company’s stock, valued at approximately $381,403.05. The trade was a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 33.04% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC grew its stake in Park-Ohio by 165.0% in the fourth quarter. Squarepoint Ops LLC now owns 19,067 shares of the industrial products company’s stock valued at $501,000 after acquiring an additional 11,871 shares during the period. Two Sigma Advisers LP grew its stake in Park-Ohio by 14.2% in the fourth quarter. Two Sigma Advisers LP now owns 20,847 shares of the industrial products company’s stock valued at $548,000 after acquiring an additional 2,600 shares during the period. Nuveen Asset Management LLC grew its stake in Park-Ohio by 96.9% in the fourth quarter. Nuveen Asset Management LLC now owns 32,923 shares of the industrial products company’s stock valued at $865,000 after acquiring an additional 16,200 shares during the period. Deutsche Bank AG grew its stake in Park-Ohio by 88.7% in the fourth quarter. Deutsche Bank AG now owns 9,261 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 4,354 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in shares of Park-Ohio by 1.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 33,829 shares of the industrial products company’s stock worth $889,000 after buying an additional 471 shares during the period. 51.38% of the stock is owned by institutional investors and hedge funds.

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.