JB Capital Partners LP Purchases New Shares in Park-Ohio Holdings Corp. $PKOH

JB Capital Partners LP acquired a new stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) in the 2nd quarter, Holdings Channel reports. The firm acquired 121,899 shares of the industrial products company’s stock, valued at approximately $4,672,389,000. Park-Ohio accounts for about 0.7% of JB Capital Partners LP’s holdings, making the stock its 21st biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in PKOH. AQR Capital Management LLC grew its position in Park-Ohio by 4.0% in the fourth quarter. AQR Capital Management LLC now owns 13,523 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 517 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Park-Ohio by 10.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 527 shares during the period. Rhumbline Advisers boosted its holdings in shares of Park-Ohio by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 13,836 shares of the industrial products company’s stock worth $247,000 after purchasing an additional 589 shares during the period. BNP Paribas Financial Markets increased its position in shares of Park-Ohio by 69.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 1,065 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Park-Ohio by 25.3% during the 3rd quarter. Bank of America Corp DE now owns 6,048 shares of the industrial products company’s stock valued at $128,000 after purchasing an additional 1,222 shares during the last quarter. 51.38% of the stock is owned by hedge funds and other institutional investors.

Park-Ohio Price Performance

Park-Ohio stock opened at $45.70 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.40 and a quick ratio of 1.26. The stock has a market cap of $662.19 million, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18. The firm has a 50-day moving average of $40.08 and a two-hundred day moving average of $32.01. Park-Ohio Holdings Corp. has a 1 year low of $18.06 and a 1 year high of $53.30.

Park-Ohio (NASDAQ:PKOH) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. Park-Ohio had a net margin of 1.60% and a return on equity of 10.55%. The business had revenue of $440.10 million for the quarter, compared to analyst estimates of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. On average, research analysts forecast that Park-Ohio Holdings Corp. will post 3.19 earnings per share for the current year.

Park-Ohio Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, July 31st. Park-Ohio’s dividend payout ratio (DPR) is presently 26.60%.

Analyst Ratings Changes

PKOH has been the subject of a number of analyst reports. Wall Street Zen upgraded Park-Ohio from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Weiss Ratings upgraded shares of Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Finally, KeyCorp increased their target price on shares of Park-Ohio from $45.00 to $59.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $59.00.

Insiders Place Their Bets

In other Park-Ohio news, insider Robert D. Vilsack sold 2,290 shares of Park-Ohio stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $38.42, for a total transaction of $87,981.80. Following the completion of the sale, the insider directly owned 184,249 shares of the company’s stock, valued at $7,078,846.58. The trade was a 1.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 31.10% of the stock is currently owned by company insiders.

Park-Ohio Company Profile

Park-Ohio Holdings Corp is a diversified industrial company that supplies engineered products and distribution services to a broad array of end markets. Through its two primary operating segments—Engineered Solutions and Supply Chain Solutions—the company delivers metal components, assemblies and value-added distribution tailored to energy, transportation, industrial and commercial applications.

The Engineered Solutions segment provides design, machining, fabrication and assembly of custom metal parts, including heat exchangers, welded assemblies, tubing products and precision-machined components.