Allianz Asset Management GmbH Increases Stake in Park-Ohio Holdings Corp. (PKOH)

Allianz Asset Management GmbH grew its position in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 50.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,116 shares of the industrial products company’s stock after purchasing an additional 13,410 shares during the period. Allianz Asset Management GmbH owned approximately 0.32% of Park-Ohio worth $1,843,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of Park-Ohio by 6.3% in the third quarter. Dimensional Fund Advisors LP now owns 762,438 shares of the industrial products company’s stock valued at $34,767,000 after purchasing an additional 45,070 shares during the period. Private Management Group Inc. increased its holdings in shares of Park-Ohio by 1.2% in the fourth quarter. Private Management Group Inc. now owns 638,747 shares of the industrial products company’s stock valued at $29,350,000 after purchasing an additional 7,566 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Park-Ohio by 48.5% in the third quarter. Wells Fargo & Company MN now owns 14,445 shares of the industrial products company’s stock valued at $658,000 after purchasing an additional 4,721 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Park-Ohio by 9.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 40,028 shares of the industrial products company’s stock valued at $1,826,000 after purchasing an additional 3,519 shares during the period. Finally, Royce & Associates LP increased its holdings in shares of Park-Ohio by 12.4% in the third quarter. Royce & Associates LP now owns 159,632 shares of the industrial products company’s stock valued at $7,279,000 after purchasing an additional 17,552 shares during the period. 55.93% of the stock is currently owned by institutional investors and hedge funds.

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Shares of PKOH stock opened at $39.55 on Friday. Park-Ohio Holdings Corp. has a one year low of $34.33 and a one year high of $47.90. The company has a quick ratio of 1.40, a current ratio of 2.43 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $529.14, a PE ratio of 17.90 and a beta of 3.13.

Park-Ohio (NASDAQ:PKOH) last issued its earnings results on Monday, March 5th. The industrial products company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Park-Ohio had a return on equity of 15.04% and a net margin of 2.02%. The firm had revenue of $366.00 million for the quarter, compared to the consensus estimate of $356.10 million. research analysts expect that Park-Ohio Holdings Corp. will post 3.68 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th were paid a $0.125 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.26%. Park-Ohio’s payout ratio is 21.83%.

A number of analysts have recently commented on PKOH shares. BidaskClub downgraded Park-Ohio from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Zacks Investment Research upgraded Park-Ohio from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Tuesday, January 23rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $41.00.

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Park-Ohio Company Profile

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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Institutional Ownership by Quarter for Park-Ohio (NASDAQ:PKOH)

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