Park-Ohio (NASDAQ:PKOH) Shares Cross Above 200 Day Moving Average of $21.21


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Park-Ohio Holdings Corp. (NASDAQ:PKOH)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.21 and traded as high as $32.85. Park-Ohio shares last traded at $31.33, with a volume of 22,199 shares trading hands.

A number of analysts have weighed in on the company. ValuEngine upgraded Park-Ohio from a “hold” rating to a “buy” rating in a research note on Monday, October 12th. KeyCorp raised their price target on Park-Ohio from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, November 23rd. BidaskClub cut Park-Ohio from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 23rd. Zacks Investment Research cut Park-Ohio from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 6th. Finally, B. Riley raised their price objective on Park-Ohio from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, November 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Park-Ohio has a consensus rating of “Buy” and a consensus price target of $27.75.

The firm has a fifty day simple moving average of $31.11 and a 200-day simple moving average of $21.21. The company has a market cap of $395.26 million, a PE ratio of 97.91 and a beta of 1.54. The company has a quick ratio of 1.38, a current ratio of 2.68 and a debt-to-equity ratio of 1.75.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings results on Sunday, November 8th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.49. Park-Ohio had a return on equity of 2.40% and a net margin of 0.32%. The firm had revenue of $340.20 million for the quarter, compared to analyst estimates of $328.13 million. Equities research analysts forecast that Park-Ohio Holdings Corp. will post -0.66 earnings per share for the current fiscal year.

In related news, Director Patrick V. Auletta sold 3,850 shares of the firm’s stock in a transaction dated Friday, December 4th. The stock was sold at an average price of $30.51, for a total transaction of $117,463.50. Following the transaction, the director now owns 19,675 shares of the company’s stock, valued at $600,284.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 32.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. boosted its holdings in Park-Ohio by 1,861.0% in the 2nd quarter. Federated Hermes Inc. now owns 1,608 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 1,526 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Park-Ohio by 577.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,679 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 1,431 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Park-Ohio by 204.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,427 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 1,629 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Park-Ohio by 29.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,717 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 1,304 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Park-Ohio by 3.2% in the 2nd quarter. California Public Employees Retirement System now owns 19,178 shares of the industrial products company’s stock valued at $318,000 after purchasing an additional 600 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors.

Park-Ohio Company Profile (NASDAQ:PKOH)

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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