Jane Street Group LLC Invests $242,000 in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Jane Street Group LLC bought a new position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,872 shares of the industrial products company’s stock, valued at approximately $242,000. Jane Street Group LLC owned 0.06% of Park-Ohio at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in shares of Park-Ohio by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 779,363 shares of the industrial products company’s stock worth $20,177,000 after acquiring an additional 12,267 shares during the period. First Eagle Investment Management LLC lifted its holdings in Park-Ohio by 41.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 158,189 shares of the industrial products company’s stock worth $4,096,000 after purchasing an additional 46,660 shares during the last quarter. State Street Corp lifted its holdings in Park-Ohio by 0.8% during the 3rd quarter. State Street Corp now owns 134,356 shares of the industrial products company’s stock worth $4,125,000 after purchasing an additional 1,034 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Park-Ohio by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 95,170 shares of the industrial products company’s stock worth $2,464,000 after purchasing an additional 496 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Park-Ohio by 9.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,391 shares of the industrial products company’s stock worth $1,915,000 after purchasing an additional 5,465 shares during the last quarter. 51.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Robert D. Vilsack sold 3,556 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 187,764 shares in the company, valued at $5,946,485.88. This represents a 1.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick V. Auletta sold 9,800 shares of the company’s 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 sale, the director now owns 12,135 shares of the company’s stock, valued at approximately $381,403.05. This represents a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 33.04% of the stock is owned by corporate insiders.

Park-Ohio Stock Performance

NASDAQ:PKOH opened at $23.59 on Friday. The stock has a fifty day moving average price of $29.48 and a 200-day moving average price of $28.85. The company has a market cap of $331.25 million, a price-to-earnings ratio of 18.87 and a beta of 1.21. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.26 and a current ratio of 2.45. Park-Ohio Holdings Corp. has a fifty-two week low of $22.74 and a fifty-two week high of $34.50.

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

Park-Ohio Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.50 annualized dividend and a dividend yield of 2.12%. Park-Ohio’s dividend payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

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

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.