Mackenzie Financial Corp Has $1.33 Million Stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Mackenzie Financial Corp increased its holdings in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 16.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,097 shares of the industrial products company’s stock after purchasing an additional 4,181 shares during the period. Mackenzie Financial Corp owned approximately 0.23% of Park-Ohio worth $1,327,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Park-Ohio by 0.7% in the second quarter. Royal Bank of Canada now owns 5,663 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 37 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Park-Ohio by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 75,203 shares of the industrial products company’s stock valued at $2,866,000 after purchasing an additional 404 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Park-Ohio by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 7,473 shares of the industrial products company’s stock valued at $285,000 after acquiring an additional 452 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Park-Ohio by 4.0% during the second quarter. Teachers Advisors LLC now owns 15,695 shares of the industrial products company’s stock valued at $598,000 after acquiring an additional 603 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its position in shares of Park-Ohio by 11.2% during the second quarter. Wedge Capital Management L L P NC now owns 6,180 shares of the industrial products company’s stock valued at $235,000 after acquiring an additional 622 shares during the last quarter. 55.93% of the stock is owned by institutional investors and hedge funds.

In related news, COO Matthew V. Crawford sold 4,122 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $44.38, for a total transaction of $182,934.36. Following the transaction, the chief operating officer now owns 997,433 shares in the company, valued at approximately $44,266,076.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Patrick W. Fogarty sold 13,500 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $47.05, for a total value of $635,175.00. The disclosure for this sale can be found here. In the last three months, insiders sold 21,715 shares of company stock valued at $1,008,612. 31.00% of the stock is currently owned by corporate insiders.

Shares of Park-Ohio Holdings Corp. (NASDAQ PKOH) traded down $0.50 during mid-day trading on Tuesday, reaching $45.45. The company’s stock had a trading volume of 15,189 shares, compared to its average volume of 27,100. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.39 and a current ratio of 2.36. Park-Ohio Holdings Corp. has a 52-week low of $34.25 and a 52-week high of $47.80. The company has a market capitalization of $575.78, a price-to-earnings ratio of 19.26 and a beta of 3.47.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.05). Park-Ohio had a return on equity of 14.79% and a net margin of 2.16%. The firm had revenue of $352.20 million for the quarter, compared to the consensus estimate of $345.17 million. equities analysts expect that Park-Ohio Holdings Corp. will post 3.18 earnings per share for the current fiscal year.

A number of analysts have issued reports on PKOH shares. ValuEngine raised Park-Ohio from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research downgraded Park-Ohio from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. FBR & Co reiterated a “hold” rating on shares of Park-Ohio in a research report on Thursday, October 5th. Finally, B. Riley reiterated a “neutral” rating on shares of Park-Ohio in a research report on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $42.00.

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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.

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

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