SG Americas Securities LLC Takes Position in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

SG Americas Securities LLC purchased a new stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,028 shares of the industrial products company’s stock, valued at approximately $106,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PKOH. Segall Bryant & Hamill LLC purchased a new stake in shares of Park-Ohio in the 3rd quarter worth $1,758,000. Empowered Funds LLC increased its stake in shares of 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 purchasing an additional 536 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Park-Ohio by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 194,982 shares of the industrial products company’s stock worth $5,987,000 after purchasing an additional 2,928 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Park-Ohio in the 3rd quarter worth $242,000. Finally, Barclays PLC increased its stake in shares of Park-Ohio by 215.2% in the 3rd quarter. Barclays PLC now owns 12,003 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 8,195 shares in the last quarter. 51.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Park-Ohio Trading Down 2.4 %

NASDAQ:PKOH opened at $25.33 on Thursday. Park-Ohio Holdings Corp. has a one year low of $22.74 and a one 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 firm has a market capitalization of $355.63 million, a price-to-earnings ratio of 20.26 and a beta of 1.20. The business has a fifty day moving average price of $26.34 and a 200-day moving average price of $28.63.

Park-Ohio Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $0.125 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.97%. Park-Ohio’s payout ratio is presently 40.00%.

Insiders Place Their Bets

In other Park-Ohio news, Director Patrick V. Auletta sold 9,800 shares of the stock in a transaction 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 completion of the sale, the director now owns 12,135 shares in the company, valued at approximately $381,403.05. This represents a 44.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert D. Vilsack sold 3,556 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $31.67, for a total value of $112,618.52. Following the transaction, the insider now 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 disclosure for this sale can be found here. 33.04% of the stock is currently owned by company insiders.

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.