Private Management Group Inc. Has $29.83 Million Position in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Private Management Group Inc. reduced its position in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 0.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 971,713 shares of the industrial products company’s stock after selling 4,655 shares during the period. Private Management Group Inc. owned about 0.07% of Park-Ohio worth $29,832,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Park-Ohio by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 779,363 shares of the industrial products company’s stock valued at $20,177,000 after purchasing an additional 12,267 shares during the period. Vanguard Group Inc. increased its stake in Park-Ohio by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 442,830 shares of the industrial products company’s stock worth $11,815,000 after acquiring an additional 3,236 shares during the period. Acadian Asset Management LLC lifted its position in shares of Park-Ohio by 0.4% during the 1st quarter. Acadian Asset Management LLC now owns 246,968 shares of the industrial products company’s stock valued at $6,584,000 after acquiring an additional 1,074 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of 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 in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Park-Ohio by 0.5% in the second 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 period. Institutional investors own 51.38% of the company’s stock.

Park-Ohio Trading Down 0.8 %

Shares of NASDAQ:PKOH traded down $0.23 during midday trading on Friday, hitting $28.24. 26,283 shares of the stock were exchanged, compared to its average volume of 26,624. Park-Ohio Holdings Corp. has a 12 month low of $22.32 and a 12 month high of $31.95. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.42. The stock has a market capitalization of $372.20 million, a price-to-earnings ratio of 20.17 and a beta of 1.15. The business’s 50-day moving average price is $29.30 and its 200 day moving average price is $27.39.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.08. Park-Ohio had a return on equity of 14.72% and a net margin of 1.09%. The business had revenue of $432.60 million during the quarter. During the same quarter in the previous year, the company earned $0.83 earnings per share.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Park-Ohio from a “hold” rating to a “buy” rating in a report on Thursday, October 10th.

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.