Park-Ohio Holdings Corp. (NASDAQ:PKOH) – Research analysts at KeyCorp lifted their FY2017 earnings per share (EPS) estimates for Park-Ohio Holdings Corp. in a report issued on Monday. KeyCorp analyst S. Barger now anticipates that the firm will post earnings per share of $3.35 for the year, up from their previous forecast of $3.26. KeyCorp currently has a “Overweight” rating and a $50.00 target price on the stock.
A number of other brokerages have also issued reports on PKOH. FBR & Co reissued a “market perform” rating and set a $33.00 price target on shares of Park-Ohio Holdings Corp. in a research note on Thursday, November 10th. Zacks Investment Research lowered Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 12th. Finally, TheStreet lowered Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Park-Ohio Holdings Corp. currently has a consensus rating of “Hold” and an average target price of $43.00.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) traded down 1.39% during trading on Thursday, hitting $42.60. 22,804 shares of the company traded hands. The company has a market capitalization of $517.55 million, a P/E ratio of 14.20 and a beta of 3.16. Park-Ohio Holdings Corp. has a 12-month low of $23.21 and a 12-month high of $44.65. The stock has a 50 day moving average price of $42.52 and a 200 day moving average price of $36.36.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last released its quarterly earnings results on Monday, November 7th. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.21. Park-Ohio Holdings Corp. had a net margin of 2.80% and a return on equity of 19.44%. The business had revenue of $312.70 million for the quarter, compared to the consensus estimate of $351.20 million.
In other Park-Ohio Holdings Corp. news, insider Robert D. Vilsack sold 8,000 shares of the stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $42.45, for a total transaction of $339,600.00. Following the completion of the transaction, the insider now owns 93,544 shares of the company’s stock, valued at $3,970,942.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick W. Fogarty sold 3,491 shares of the stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $43.33, for a total value of $151,265.03. Following the transaction, the director now directly owns 59,223 shares of the company’s stock, valued at approximately $2,566,132.59. The disclosure for this sale can be found here. Insiders sold 20,300 shares of company stock worth $873,469 In the last 90 days. Company insiders own 32.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in PKOH. SG Americas Securities LLC bought a new stake in Park-Ohio Holdings Corp. during the third quarter worth about $129,000. Panagora Asset Management Inc. acquired a new position in shares of Park-Ohio Holdings Corp. during the third quarter valued at $132,000. BlackRock Advisors LLC raised its position in shares of Park-Ohio Holdings Corp. by 1.1% in the second quarter. BlackRock Advisors LLC now owns 3,914 shares of the company’s stock valued at $111,000 after buying an additional 41 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Park-Ohio Holdings Corp. during the second quarter valued at $121,000. Finally, Gotham Asset Management LLC acquired a new position in shares of Park-Ohio Holdings Corp. during the third quarter valued at $225,000. 55.59% of the stock is owned by institutional investors and hedge funds.
Park-Ohio Holdings Corp. Company Profile
Park-Ohio Holdings Corp. operates through the subsidiaries owned by its direct subsidiary, Park-Ohio Industries, Inc (Park-Ohio). Park-Ohio is an industrial supply chain logistics and diversified manufacturing business operating in three segments: Supply Technologies, Assembly Components and Engineered Products.