Park-Ohio (NASDAQ:PKOH) Stock Rating Lowered by StockNews.com

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

Park-Ohio Trading Down 4.1 %

Park-Ohio stock opened at $21.35 on Thursday. The business has a 50 day moving average price of $24.53 and a two-hundred day moving average price of $27.93. The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. The stock has a market cap of $303.83 million, a price-to-earnings ratio of 17.08 and a beta of 1.16. Park-Ohio has a 12 month low of $21.06 and a 12 month high of $34.50.

Hedge Funds Weigh In On Park-Ohio

Several large investors have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Park-Ohio in the 4th quarter valued at approximately $1,547,000. Squarepoint Ops LLC raised its holdings in shares of Park-Ohio by 165.0% in the 4th quarter. Squarepoint Ops LLC now owns 19,067 shares of the industrial products company’s stock worth $501,000 after buying an additional 11,871 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of Park-Ohio by 14.2% in the 4th quarter. Two Sigma Advisers LP now owns 20,847 shares of the industrial products company’s stock worth $548,000 after buying an additional 2,600 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Park-Ohio by 96.9% in the 4th quarter. Nuveen Asset Management LLC now owns 32,923 shares of the industrial products company’s stock worth $865,000 after buying an additional 16,200 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Park-Ohio by 88.7% in the 4th quarter. Deutsche Bank AG now owns 9,261 shares of the industrial products company’s stock worth $243,000 after buying an additional 4,354 shares in the last quarter. Institutional investors and hedge funds own 51.38% of the company’s stock.

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.