Park-Ohio Holdings Corp. (NASDAQ:PKOH) Shares Acquired by Barclays PLC

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

Several other institutional investors also recently bought and sold shares of the business. Segall Bryant & Hamill LLC acquired a new position in shares of Park-Ohio in the 3rd quarter valued at $1,758,000. First Eagle Investment Management LLC boosted its holdings in Park-Ohio by 41.8% in the second quarter. First Eagle Investment Management LLC now owns 158,189 shares of the industrial products company’s stock valued at $4,096,000 after acquiring an additional 46,660 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Park-Ohio by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 779,363 shares of the industrial products company’s stock valued at $20,177,000 after acquiring an additional 12,267 shares during the period. Assenagon Asset Management S.A. increased its stake in Park-Ohio by 79.4% during the third quarter. Assenagon Asset Management S.A. now owns 18,969 shares of the industrial products company’s stock worth $582,000 after acquiring an additional 8,397 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Park-Ohio during the 3rd quarter worth approximately $242,000. 51.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Park-Ohio Price Performance

PKOH stock opened at $25.53 on Friday. The company has a market capitalization of $358.49 million, a PE ratio of 20.42 and a beta of 1.21. 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’s 50 day moving average is $29.96 and its two-hundred day moving average is $28.86. Park-Ohio Holdings Corp. has a 52-week low of $22.74 and a 52-week high of $34.50.

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

Park-Ohio Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.96%. The ex-dividend date was Friday, November 15th. Park-Ohio’s payout ratio is currently 40.00%.

Insiders Place Their Bets

In other Park-Ohio news, Director Patrick V. Auletta sold 9,800 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $31.43, for a total value of $308,014.00. Following the transaction, the director now owns 12,135 shares of the company’s stock, valued at $381,403.05. This trade represents a 44.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert D. Vilsack sold 3,556 shares of the company’s stock in a transaction that occurred on 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 directly owns 187,764 shares of the company’s stock, valued at $5,946,485.88. This trade represents a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 33.04% of the stock is currently owned by company insiders.

Park-Ohio Company 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.