Park-Ohio Holdings Corp. (NASDAQ:PKOH) Short Interest Update

Park-Ohio Holdings Corp. (NASDAQ:PKOH) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 77,112 shares, a growth of 30.5% from the December 31st total of 59,104 shares. Based on an average daily volume of 21,421 shares, the short-interest ratio is currently 3.6 days. Currently, 0.8% of the company’s shares are sold short. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 21,421 shares, the short-interest ratio is currently 3.6 days.

Insider Activity

In related news, Director Ronna Romney sold 2,975 shares of Park-Ohio stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $20.29, for a total transaction of $60,362.75. Following the completion of the sale, the director directly owned 28,944 shares of the company’s stock, valued at $587,273.76. The trade was a 9.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 31.51% of the stock is owned by corporate insiders.

Institutional Trading of Park-Ohio

A number of institutional investors have recently modified their holdings of the company. CWM LLC grew its stake in shares of Park-Ohio by 238.4% in the third quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock valued at $26,000 after buying an additional 856 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Park-Ohio by 377.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 2,134 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Park-Ohio by 69.3% in the third quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 1,065 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Park-Ohio in the 1st quarter valued at about $80,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Park-Ohio by 73.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,920 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 1,659 shares during the last quarter. 51.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Park-Ohio in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Park-Ohio Stock Up 2.1%

Shares of PKOH traded up $0.49 on Tuesday, hitting $24.24. The company’s stock had a trading volume of 34,306 shares, compared to its average volume of 19,054. The firm’s fifty day moving average price is $22.07 and its 200-day moving average price is $20.57. Park-Ohio has a fifty-two week low of $15.52 and a fifty-two week high of $26.31. The company has a quick ratio of 1.32, a current ratio of 2.56 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $349.06 million, a price-to-earnings ratio of 14.43 and a beta of 1.16.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.18). Park-Ohio had a net margin of 1.46% and a return on equity of 10.53%. The company had revenue of $398.60 million during the quarter, compared to the consensus estimate of $417.30 million. Park-Ohio has set its FY 2025 guidance at 2.700-2.900 EPS.

Park-Ohio Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, February 6th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. Park-Ohio’s dividend payout ratio is presently 29.76%.

About Park-Ohio

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.