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

Barclays PLC grew its position in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 215.2% in the third quarter, Holdings Channel.com reports. 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’s holdings in Park-Ohio were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Empowered Funds LLC increased its holdings 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 valued at $334,000 after acquiring an additional 536 shares during the last quarter. State Street Corp boosted its position 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 valued at $4,125,000 after purchasing an additional 1,034 shares during the period. Aristeia Capital L.L.C. boosted its position in Park-Ohio by 11.3% during the 2nd quarter. Aristeia Capital L.L.C. now owns 11,515 shares of the industrial products company’s stock valued at $298,000 after purchasing an additional 1,170 shares during the period. BNP Paribas Financial Markets boosted its position in Park-Ohio by 105.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 1,669 shares during the period. Finally, Rhumbline Advisers boosted its position in Park-Ohio by 27.7% during the 2nd quarter. Rhumbline Advisers now owns 12,290 shares of the industrial products company’s stock valued at $318,000 after purchasing an additional 2,665 shares during the period. 51.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Park-Ohio Trading Up 0.8 %

NASDAQ:PKOH opened at $24.95 on Monday. Park-Ohio Holdings Corp. has a 12-month low of $22.74 and a 12-month high of $34.50. The firm has a market capitalization of $350.35 million, a P/E ratio of 19.96 and a beta of 1.21. 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 business has a 50 day simple moving average of $28.84 and a 200 day simple moving average of $28.85.

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

Park-Ohio Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.125 per share. The ex-dividend date was Friday, November 15th. This represents a $0.50 dividend on an annualized basis and a yield of 2.00%. Park-Ohio’s dividend payout ratio (DPR) is presently 40.00%.

Insiders Place Their Bets

In other news, 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 completion of the sale, the director now owns 12,135 shares in the company, valued at $381,403.05. This represents a 44.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert D. Vilsack sold 3,556 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 187,764 shares of the company’s stock, valued at approximately $5,946,485.88. This trade represents 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 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.