Park-Ohio (NASDAQ:PKOH) Raised to Buy at StockNews.com

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

Park-Ohio Stock Up 0.4 %

Park-Ohio stock opened at $32.17 on Thursday. The company has a market capitalization of $451.73 million, a P/E ratio of 25.74 and a beta of 1.16. Park-Ohio has a 1-year low of $22.52 and a 1-year high of $34.50. The firm’s fifty day simple moving average is $30.56 and its 200-day simple moving average is $28.39. The company has a current ratio of 2.45, a quick ratio of 1.26 and a debt-to-equity ratio of 1.90.

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

Institutional Trading of Park-Ohio

Large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in Park-Ohio by 1,986.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,586 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 1,510 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Park-Ohio by 105.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 1,669 shares during the last quarter. EMC Capital Management boosted its stake in Park-Ohio by 166.1% during the 3rd quarter. EMC Capital Management now owns 7,074 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 4,416 shares during the period. L & S Advisors Inc acquired a new stake in Park-Ohio in the 3rd quarter valued at approximately $230,000. Finally, Price T Rowe Associates Inc. MD increased its position in 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 worth $233,000 after buying an additional 449 shares during the period. 51.38% of the stock is owned by institutional investors.

About Park-Ohio

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.