Los Angeles Capital Management LLC Sells 6,800 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Los Angeles Capital Management LLC trimmed its holdings in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 16.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,409 shares of the industrial products company’s stock after selling 6,800 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.24% of Park-Ohio worth $878,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Segall Bryant & Hamill LLC bought a new position in shares of Park-Ohio in the third quarter worth about $1,758,000. Empowered Funds LLC increased its holdings in Park-Ohio by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 10,874 shares of the industrial products company’s stock worth $334,000 after acquiring an additional 536 shares in the last quarter. Geode Capital Management LLC raised its stake in Park-Ohio by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 194,982 shares of the industrial products company’s stock worth $5,987,000 after acquiring an additional 2,928 shares during the period. Jane Street Group LLC purchased a new position in Park-Ohio during the third quarter valued at approximately $242,000. Finally, Barclays PLC boosted its position in shares of Park-Ohio by 215.2% in the third quarter. Barclays PLC now owns 12,003 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 8,195 shares during the period. 51.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Park-Ohio from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Insider Buying and Selling

In other Park-Ohio news, Director Patrick V. Auletta sold 9,800 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $31.43, for a total value of $308,014.00. Following the sale, the director now owns 12,135 shares in the company, valued at $381,403.05. The trade was a 44.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert D. Vilsack sold 3,556 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $31.67, for a total value of $112,618.52. Following the transaction, the insider now owns 187,764 shares of the company’s stock, valued at approximately $5,946,485.88. The trade was a 1.86 % decrease in their position. The disclosure for this sale can be found here. 33.04% of the stock is owned by company insiders.

Park-Ohio Price Performance

Shares of Park-Ohio stock opened at $24.20 on Monday. The company has a market capitalization of $339.82 million, a price-to-earnings ratio of 19.36 and a beta of 1.20. 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 stock’s 50-day simple moving average is $25.04 and its 200-day simple moving average is $28.27. Park-Ohio Holdings Corp. has a 52 week low of $22.74 and a 52 week high of $34.50.

Park-Ohio Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Friday, February 7th. Park-Ohio’s dividend payout ratio (DPR) is presently 40.00%.

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. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.