GSA Capital Partners LLP Takes $770,000 Position in Park-Ohio Holdings Corp. $PKOH

GSA Capital Partners LLP bought a new position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) during the second quarter, HoldingsChannel reports. The firm bought 20,019 shares of the industrial products company’s stock, valued at approximately $770,000.

Several other large investors have also recently added to or reduced their stakes in PKOH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 acquiring an additional 527 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Park-Ohio in the first quarter valued at $80,000. Geode Capital Management LLC lifted its position in Park-Ohio by 4.6% in the second quarter. Geode Capital Management LLC now owns 220,439 shares of the industrial products company’s stock worth $3,938,000 after purchasing an additional 9,656 shares during the period. Rhumbline Advisers lifted its position in Park-Ohio by 4.4% in the second 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. Finally, First Trust Advisors LP boosted its stake in Park-Ohio by 5.6% during the second quarter. First Trust Advisors LP now owns 28,018 shares of the industrial products company’s stock worth $500,000 after buying an additional 1,489 shares in the last quarter. Institutional investors and hedge funds own 51.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on PKOH. Weiss Ratings raised shares of Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. KeyCorp raised their price objective on shares of Park-Ohio from $45.00 to $59.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Wall Street Zen raised shares of Park-Ohio from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Park-Ohio currently has a consensus rating of “Hold” and an average target price of $59.00.

Insider Activity

In other news, insider Robert D. Vilsack sold 6,404 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $38.45, for a total transaction of $246,233.80. Following the transaction, the insider owned 186,539 shares of the company’s stock, valued at $7,172,424.55. This represents a 3.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 31.10% of the stock is owned by company insiders.

Park-Ohio Price Performance

PKOH opened at $46.22 on Thursday. 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 capitalization of $669.73 million, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 1.24 and a beta of 1.18. The company’s 50 day simple moving average is $39.63 and its 200-day simple moving average is $31.76. Park-Ohio Holdings Corp. has a one year low of $18.06 and a one year high of $53.30.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.12. Park-Ohio had a net margin of 1.60% and a return on equity of 10.55%. The firm had revenue of $440.10 million during the quarter, compared to analysts’ expectations of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. Sell-side analysts anticipate that Park-Ohio Holdings Corp. will post 3.19 earnings per share for the current fiscal year.

Park-Ohio Announces Dividend

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

Park-Ohio 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.