Park-Ohio Holdings Corp. (NASDAQ:PKOH) – Investment analysts at B. Riley decreased their Q1 2020 earnings per share (EPS) estimates for Park-Ohio in a research note issued to investors on Wednesday, May 8th, according to Zacks Investment Research. B. Riley analyst C. Horn now forecasts that the industrial products company will post earnings of $1.12 per share for the quarter, down from their previous forecast of $1.13. B. Riley also issued estimates for Park-Ohio’s Q3 2020 earnings at $1.26 EPS, Q4 2020 earnings at $1.27 EPS and FY2020 earnings at $4.93 EPS.
Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings results on Monday, May 6th. The industrial products company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.98 by $0.03. The business had revenue of $420.10 million during the quarter, compared to analysts’ expectations of $420.00 million. Park-Ohio had a net margin of 3.29% and a return on equity of 17.19%.
Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Park-Ohio from a “hold” rating to a “strong-buy” rating and set a $39.00 price target for the company in a report on Friday, March 8th. BidaskClub upgraded shares of Park-Ohio from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. ValuEngine raised shares of Park-Ohio from a “strong sell” rating to a “sell” rating in a research report on Monday, April 15th. Finally, TheStreet raised shares of Park-Ohio from a “c+” rating to a “b-” rating in a research report on Monday, May 6th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Park-Ohio currently has an average rating of “Hold” and an average price target of $39.00.
Shares of PKOH stock traded down $1.43 during trading on Thursday, hitting $31.22. 18,785 shares of the company were exchanged, compared to its average volume of 24,931. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.26 and a current ratio of 2.27. The stock has a market cap of $394.31 million, a P/E ratio of 7.29 and a beta of 2.38. Park-Ohio has a twelve month low of $28.01 and a twelve month high of $43.15.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Tuesday, May 14th. Park-Ohio’s payout ratio is presently 11.68%.
In related news, Director Ronna Romney sold 2,195 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $32.99, for a total transaction of $72,413.05. Following the transaction, the director now owns 16,900 shares of the company’s stock, valued at $557,531. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 31.20% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of PKOH. Zebra Capital Management LLC bought a new position in shares of Park-Ohio in the first quarter valued at approximately $236,000. Geode Capital Management LLC raised its position in shares of Park-Ohio by 13.3% in the first quarter. Geode Capital Management LLC now owns 108,907 shares of the industrial products company’s stock valued at $3,526,000 after purchasing an additional 12,805 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Park-Ohio by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 68,931 shares of the industrial products company’s stock valued at $2,232,000 after purchasing an additional 4,219 shares during the period. Renaissance Technologies LLC raised its position in shares of Park-Ohio by 27.0% in the first quarter. Renaissance Technologies LLC now owns 84,700 shares of the industrial products company’s stock valued at $2,743,000 after purchasing an additional 18,000 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Park-Ohio by 38.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 37,757 shares of the industrial products company’s stock valued at $1,223,000 after purchasing an additional 10,400 shares during the period. 53.62% of the stock is currently owned by hedge funds and other institutional investors.
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. The company’s Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.