American Century Companies Inc. Purchases 44,603 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

American Century Companies Inc. increased its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 28.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 202,311 shares of the industrial products company’s stock after buying an additional 44,603 shares during the period. American Century Companies Inc. owned 1.44% of Park-Ohio worth $5,315,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets raised its position in shares of 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 acquiring an additional 1,669 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Park-Ohio during the fourth quarter worth approximately $106,000. Jane Street Group LLC bought a new stake in Park-Ohio in the third quarter worth approximately $242,000. Empowered Funds LLC increased its holdings in Park-Ohio by 4.3% in the fourth quarter. Empowered Funds LLC now owns 11,345 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 471 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Park-Ohio by 5.2% in the fourth quarter. Rhumbline Advisers now owns 13,463 shares of the industrial products company’s stock valued at $354,000 after buying an additional 661 shares during the period. Institutional investors and hedge funds own 51.38% of the company’s stock.

Insider Buying and Selling

In related news, Director Edward F. Crawford sold 22,500 shares of Park-Ohio stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $21.63, for a total value of $486,675.00. Following the completion of the sale, the director now owns 766,273 shares of the company’s stock, valued at approximately $16,574,484.99. This trade represents a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 33.04% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Park-Ohio from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th.

Park-Ohio Trading Down 4.3 %

PKOH opened at $19.40 on Friday. The company has a fifty day moving average price of $23.51 and a two-hundred day moving average price of $27.07. Park-Ohio Holdings Corp. has a 1-year low of $18.54 and a 1-year high of $34.50. The company has a market cap of $276.08 million, a P/E ratio of 15.52 and a beta of 1.16. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Friday, February 7th. Park-Ohio’s payout ratio is 20.49%.

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.