Shares of the company are trading at $45.90 a tad higher than $43.64, the 50 day moving average and which is quite a bit above the 200 day moving average of $39.74. The 50 day moving average was up by +5.18% and the 200 day average went up by +15.51%. Trading was light with 347 shares changing hands on Tuesday. Volume was down 99.32% under the stocks average daily volume.
Short traders are feeling a little more bullish on shares of Park-Ohio Holdings Corp. lately if you consider the change in short interest. The firm experienced a fall in short interest from September 15, 2017 to September 29, 2017 of -7.38%. Short interest fell from 141,597 to 131,144 over that period. The days to cover decreased to 5.0 and the percentage of shorted shares is 0.01% as of September 29.
A few notable investment firms have updated their holdings. As of quarter end Cutler Group LP had disposed of 100 shares trimming its stake by 33.3%. The value in dollars went from $0 to $0 decreasing nan% quarter over quarter. Meeder Asset Management Inc grew its ownership by buying 337 shares an increase of 108.4% from 06/30/2017 to 09/30/2017. Meeder Asset Management Inc now controls 648 shares valued at $30,000. The total value of its holdings increased 150.0%.
As of the end of the quarter Denali Advisors LLC had sold a total of 27 shares trimming its position 18.6%. The value of the investment in (PKOH) decreased from $6,000 to $5,000 a change of $1,000 quarter to quarter. As of quarter end Shell Asset Management CO had disposed of 600 shares trimming its holdings by 2.1%. The value of the investment in PKOH went from $1,081,000 to $1,266,000 a change of 17.1% since the last quarter.
The company is so far trading down by 0.76% percent from yesterday’s close. Additionally Park-Ohio Holdings Corp. recently declared a dividend that was paid on Friday the 25th of August 2017. The dividend payment was $0.125 per share for the quarter or $0.50 annualized. This dividend represents a yield of $1.09 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Wednesday the 9th of August 2017.
The company’s P/E ratio is 17.37 and the market cap is 559.93M. In the latest earnings report the EPS was $2.64 and is projected to be $3.25 for the current year with 12,199,000 shares currently outstanding. Next quarter’s EPS is expected be $0.83 and the next full year EPS is anticipated to be $3.80.
Park-Ohio Holdings Corp. (ParkOhio), launched on February 17, 1998, 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 through the subsidiaries owned by its direct subsidiary, Park-Ohio Industries, Inc. (Park-Ohio), which is an industrial supply chain logistics and diversified manufacturing business. It operates in three segments: Supply Technologies, Assembly Components and Engineered Products. Supply Technologies provides its customers with Total Supply Management, which manages every aspect of supplying production parts and materials to its customers’ manufacturing floor, from strategic planning to program implementation. Assembly Components manufactures products oriented towards fuel efficiency and reduced emission standards. Engineered Products segment operates a group of manufacturing businesses that design and manufacture a range of products, including induction heating and melting systems, pipe threading systems, and forged and machined products..