Victory Capital Management Inc. Lowers Holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Victory Capital Management Inc. lowered its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,400 shares of the industrial products company’s stock after selling 600 shares during the quarter. Victory Capital Management Inc. owned 0.17% of Park-Ohio worth $688,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in Park-Ohio by 1,986.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,586 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 1,510 shares during the period. EMC Capital Management raised its stake in shares of Park-Ohio by 166.1% during the 3rd quarter. EMC Capital Management now owns 7,074 shares of the industrial products company’s stock worth $217,000 after buying an additional 4,416 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Park-Ohio by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,703 shares of the industrial products company’s stock valued at $233,000 after buying an additional 449 shares during the period. Aristeia Capital L.L.C. boosted its stake in shares of Park-Ohio by 11.3% in the second quarter. Aristeia Capital L.L.C. now owns 11,515 shares of the industrial products company’s stock valued at $298,000 after buying an additional 1,170 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Park-Ohio by 27.7% during the second quarter. Rhumbline Advisers now owns 12,290 shares of the industrial products company’s stock worth $318,000 after acquiring an additional 2,665 shares during the period. Institutional investors and hedge funds own 51.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Park-Ohio from a “hold” rating to a “buy” rating in a report on Thursday.

Park-Ohio Stock Down 1.9 %

PKOH stock opened at $32.04 on Friday. The company has a current ratio of 2.45, a quick ratio of 1.26 and a debt-to-equity ratio of 1.90. The company’s 50-day moving average price is $30.48 and its 200 day moving average price is $28.35. Park-Ohio Holdings Corp. has a 52 week low of $22.52 and a 52 week high of $34.50. The company has a market cap of $449.84 million, a P/E ratio of 25.63 and a beta of 1.16.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.89 by $0.18. The business had revenue of $417.60 million for the quarter. Park-Ohio had a return on equity of 14.64% and a net margin of 1.01%.

Park-Ohio Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, November 15th. Park-Ohio’s dividend payout ratio (DPR) is presently 40.00%.

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.