Janney Montgomery Scott LLC Sells 664 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Janney Montgomery Scott LLC trimmed its holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 3.5% in the 4th quarter, HoldingsChannel reports. The firm owned 18,385 shares of the industrial products company’s stock after selling 664 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Park-Ohio were worth $483,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in Park-Ohio by 105.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 1,669 shares during the period. SG Americas Securities LLC bought a new position in Park-Ohio in the 4th quarter worth approximately $106,000. EMC Capital Management boosted its stake in Park-Ohio by 166.1% in the 3rd quarter. EMC Capital Management now owns 7,074 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 4,416 shares during the period. L & S Advisors Inc purchased a new stake in shares of Park-Ohio during the 3rd quarter worth approximately $230,000. Finally, Jane Street Group LLC purchased a new stake in shares of Park-Ohio during the 3rd quarter worth approximately $242,000. 51.38% of the stock is currently owned by institutional investors.

Park-Ohio Stock Performance

PKOH stock opened at $25.06 on Monday. The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. The business’s fifty day simple moving average is $26.61 and its two-hundred day simple moving average is $28.70. Park-Ohio Holdings Corp. has a twelve month low of $22.74 and a twelve month high of $34.50. The firm has a market cap of $351.89 million, a price-to-earnings ratio of 20.05 and a beta of 1.20.

Park-Ohio Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, February 7th. Park-Ohio’s payout ratio is 40.00%.

Insider Transactions at Park-Ohio

In other Park-Ohio news, insider Robert D. Vilsack sold 3,556 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick V. Auletta sold 9,800 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 12,135 shares of the company’s stock, valued at approximately $381,403.05. The trade was a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 33.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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.