Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) have earned an average recommendation of “Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $45.00.

A number of research firms have recently weighed in on PKOH. Zacks Investment Research raised Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Thursday. ValuEngine raised Park-Ohio Holdings Corp. from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th.

Park-Ohio Holdings Corp. (PKOH) opened at 45.60 on Friday. The firm has a market cap of $556.27 million, a PE ratio of 17.26 and a beta of 3.42. The firm’s 50-day moving average price is $39.86 and its 200 day moving average price is $38.21. Park-Ohio Holdings Corp. has a 52-week low of $30.01 and a 52-week high of $47.00.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last released its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.02. The company had revenue of $350.90 million for the quarter, compared to analysts’ expectations of $355.83 million. Park-Ohio Holdings Corp. had a return on equity of 16.90% and a net margin of 2.50%. On average, equities analysts anticipate that Park-Ohio Holdings Corp. will post $3.24 earnings per share for the current year.

In related news, insider Robert D. Vilsack sold 7,436 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $45.02, for a total transaction of $334,768.72. Following the transaction, the insider now owns 103,527 shares in the company, valued at $4,660,785.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Robert D. Vilsack sold 4,581 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $44.51, for a total transaction of $203,900.31. Following the transaction, the general counsel now owns 103,527 shares in the company, valued at approximately $4,607,986.77. The disclosure for this sale can be found here. Insiders have sold 38,179 shares of company stock worth $1,580,530 in the last quarter. Company insiders own 31.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its stake in shares of Park-Ohio Holdings Corp. by 31.7% during the first quarter. Russell Investments Group Ltd. now owns 4,981 shares of the industrial products company’s stock valued at $180,000 after acquiring an additional 1,200 shares during the period. American International Group Inc. increased its stake in shares of Park-Ohio Holdings Corp. by 7.1% during the first quarter. American International Group Inc. now owns 5,238 shares of the industrial products company’s stock valued at $188,000 after acquiring an additional 346 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Park-Ohio Holdings Corp. during the second quarter valued at approximately $197,000. Oxford Asset Management acquired a new position in shares of Park-Ohio Holdings Corp. during the first quarter valued at approximately $202,000. Finally, Royal Bank of Canada increased its stake in shares of Park-Ohio Holdings Corp. by 0.7% during the second quarter. Royal Bank of Canada now owns 5,663 shares of the industrial products company’s stock valued at $216,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 55.12% of the company’s stock.

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About Park-Ohio Holdings Corp.

Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products.

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