Barclays PLC Boosts Stock Position in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Barclays PLC increased its stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 215.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,003 shares of the industrial products company’s stock after purchasing an additional 8,195 shares during the quarter. Barclays PLC owned approximately 0.09% of Park-Ohio worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PKOH. BNP Paribas Financial Markets boosted its stake in Park-Ohio by 105.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock worth $100,000 after buying an additional 1,669 shares during the last quarter. EMC Capital Management boosted its stake in Park-Ohio by 166.1% in 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 during the last quarter. L & S Advisors Inc acquired a new stake in Park-Ohio in the 3rd quarter worth about $230,000. Jane Street Group LLC acquired a new stake in Park-Ohio in the 3rd quarter worth about $242,000. Finally, Empowered Funds LLC boosted its stake in Park-Ohio by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 10,874 shares of the industrial products company’s stock worth $334,000 after buying an additional 536 shares during the last quarter. Hedge funds and other institutional investors own 51.38% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Park-Ohio from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Park-Ohio Stock Performance

NASDAQ PKOH opened at $24.95 on Monday. The firm has a market capitalization of $350.35 million, a P/E ratio of 19.96 and a beta of 1.21. Park-Ohio Holdings Corp. has a 1-year low of $22.74 and a 1-year high of $34.50. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.45 and a quick ratio of 1.26. The business’s 50-day simple moving average is $28.84 and its 200-day simple moving average is $28.85.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $1.07 earnings per share for the quarter, beating 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, November 15th. Park-Ohio’s dividend payout ratio is currently 40.00%.

Insider Activity

In related news, insider Robert D. Vilsack sold 3,556 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $31.67, for a total transaction of $112,618.52. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Patrick V. Auletta sold 9,800 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $31.43, for a total value of $308,014.00. Following the transaction, the director now directly owns 12,135 shares in the company, valued at $381,403.05. This trade represents a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 33.04% of the company’s stock.

Park-Ohio 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.