Park-Ohio Holdings Corp. (PKOH) was Downgraded by FBR Capital to ” Mkt Perform” while Lowering the Price Target of the company shares to $ 33 from a previous price target of $50 . Earlier the firm had a rating of “Outperform ” on the company shares. FBR Capital advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Park-Ohio Holdings Corp.. Shares were Reiterated by FBR Capital on Mar 15, 2016 to “Outperform” and Lowered the Price Target to $ 50 from a previous price target of $65 .
Park-Ohio Holdings Corp. closed down -0.93 points or -3.51% at $25.55 with 1,14,325 shares getting traded on Wednesday. Post opening the session at $25.87, the shares hit an intraday low of $25.26 and an intraday high of $26.48 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 21, 2016, Ronna Romney (director) sold 1,900 shares at $41.11 per share price. According to the SEC, on Dec 21, 2015, Edward F Crawford (CEO) purchased 4,034 shares at $34.99 per share price. On Dec 17, 2015, John D Grampa (director) purchased 2,000 shares at $35.59 per share price, according to the Form-4 filing with the securities and exchange commission.
Park-Ohio Holdings Corp. is a holding company. The Company operates through the subsidiaries owned by its direct subsidiary which is Park-Ohio Industries Inc. Park-Ohio is an industrial supply chain logistics and diversified manufacturing business operating in three segments: Supply Technologies Assembly Components and Engineered Products. Supply Technologies provides its customers with Total Supply Management services for a range of high-volume specialty production components. Assembly Components manufactures cast and machined aluminum components automotive and industrial rubber and thermoplastic products gasoline direct injection systems fuel filler and hydraulic assemblies for automotive agricultural equipment construction equipment heavy-duty truck and marine equipment industries. Engineered Products operates a group of manufacturing businesses that design and manufacture a range of products engineered for specific customer applications.