Los Angeles Capital Management LLC Decreases Stock Holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Los Angeles Capital Management LLC lessened its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 10.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 40,209 shares of the industrial products company’s stock after selling 4,700 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Park-Ohio were worth $1,234,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Park-Ohio by 1,986.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,586 shares of the industrial products company’s stock valued at $41,000 after buying an additional 1,510 shares in the last quarter. EMC Capital Management lifted its position in Park-Ohio by 166.1% during the third quarter. EMC Capital Management now owns 7,074 shares of the industrial products company’s stock valued at $217,000 after acquiring an additional 4,416 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Park-Ohio by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,703 shares of the industrial products company’s stock valued at $233,000 after acquiring an additional 449 shares in the last quarter. Empowered Funds LLC grew its holdings in Park-Ohio by 7.8% in the first quarter. Empowered Funds LLC now owns 9,618 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 700 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Park-Ohio by 23.1% during the first quarter. BNP Paribas Financial Markets now owns 10,831 shares of the industrial products company’s stock worth $289,000 after purchasing an additional 2,036 shares in the last quarter. 51.38% of the stock is currently owned by institutional investors.

Park-Ohio Price Performance

Shares of PKOH stock opened at $33.00 on Friday. Park-Ohio Holdings Corp. has a fifty-two week low of $22.32 and a fifty-two week high of $34.50. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.22 and a current ratio of 2.45. The firm has a market capitalization of $463.32 million, a price-to-earnings ratio of 26.27 and a beta of 1.16. The stock’s 50-day simple moving average is $29.60 and its 200-day simple moving average is $27.87.

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

Park-Ohio Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, November 15th. This represents a $0.50 annualized dividend and a yield of 1.52%. Park-Ohio’s payout ratio is presently 40.00%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Park-Ohio from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.