Park Ohio Holdings Stock Today
| PKOH Stock | USD 23.96 0.05 0.21% |
Performance0 of 100
| Odds Of DistressLess than 3
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Park Ohio is trading at 23.96 as of the 24th of April 2024. This is a 0.21 percent increase since the beginning of the trading day. The stock's open price was 23.91. Park Ohio has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Park Ohio Holdings are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of October 2023 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 26th of March 1990 | Category Industrials |
Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. Park-Ohio Holdings Corp. was founded in 1907 and is headquartered in Cleveland, Ohio. The company has 13.07 M outstanding shares of which 188.36 K shares are at this time shorted by private and institutional investors with about 7.11 trading days to cover. More on Park Ohio Holdings
Park Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Park Ohio's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Park Ohio or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | James Wert | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Industrial Machinery & Supplies & Components, Specialty Industrial Machinery, Industrials, NASDAQ Composite, NASDAQ Composite Total, Farming, Fabricated Products, Industrials, Machinery, Specialty Industrial Machinery, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Park Ohio report their recommendations after researching Park Ohio's financial statements, talking to executives and customers, or listening in on Park Ohio's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Park Ohio Holdings. The Park consensus assessment is calculated by taking the average forecast from all of the analysts covering Park Ohio. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Park Ohio's profitability, liquidity, and operating efficiency, Park Ohio Holdings is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in May. Financial strength of Park Ohio Holdings is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Park Ohio's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Park Ohio's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Park Ohio's financial leverage. It provides some insight into what part of Park Ohio's total assets is financed by creditors.
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Park Ohio Holdings (PKOH) is traded on NASDAQ Exchange in USA. It is located in 6065 Parkland Boulevard, Cleveland, OH, United States, 44124 and employs 6,300 people. Park Ohio is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 312.52 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Park Ohio's market, we take the total number of its shares issued and multiply it by Park Ohio's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Park Ohio Holdings conducts business under Machinery sector and is part of Industrials industry. The entity has 13.07 M outstanding shares of which 188.36 K shares are at this time shorted by private and institutional investors with about 7.11 trading days to cover.
Park Ohio Holdings currently holds about 61.1 M in cash with 50.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.1.
Check Park Ohio Probability Of Bankruptcy
Ownership AllocationThe market capitalization of Park Ohio Holdings is $312.52 Million. Over half of Park Ohio's outstanding shares are owned by third-party entities. These third-party entities are typically referred to as corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Park Ohio. Please watch out for any change in the institutional holdings of Park Ohio Holdings as this could mean something significant has changed or is about to change at the company. Note, that even with substantial debt, if the true value of the company is larger than the current market value, you may still be able to generate positive returns on investment in this company at some point.
Check Park Ownership Details
Park Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Park Ohio jumping above the current price in 90 days from now is about 88.31%. The Park Ohio Holdings probability density function shows the probability of Park Ohio stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.797 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Park Ohio will likely underperform. Additionally, park Ohio Holdings has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Park Ohio to move above the current price in 90 days from now is about 88.31 (This Park Ohio Holdings probability density function shows the probability of Park Stock to fall within a particular range of prices over 90 days) .
Park Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Park Ohio that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Park Ohio's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Park Ohio's value.| Instituion | Recorded On | Shares | |
| Cm Wealth Advisors Llc | 2023-12-31 | 117.6 K | |
| Prescott Group Capital Management Llc | 2023-12-31 | 110 K | |
| Arnhold & S. Bleichroeder Advisers, Llc | 2023-12-31 | 106.2 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 97.3 K | |
| American Century Companies Inc | 2023-12-31 | 88.2 K | |
| Jb Capital Partners Lp | 2023-12-31 | 76.9 K | |
| Northern Trust Corp | 2023-12-31 | 68 K | |
| Los Angeles Capital Management Llc | 2023-12-31 | 60.1 K | |
| Connor Clark & Lunn Inv Mgmt Ltd | 2023-12-31 | 50.7 K | |
| Private Management Group Inc | 2023-12-31 | 981.4 K | |
| Gamco Investors, Inc. Et Al | 2023-12-31 | 954.2 K |
Park Ohio Historical Income Statement
Park Ohio Holdings Income Statement is one of the three primary financial statements used for reporting Park's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Park Ohio Holdings revenue and expense. Park Ohio Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Park Ohio's Net Income From Continuing Ops is decreasing as compared to previous years. View More FundamentalsPark Stock Against Markets
Picking the right benchmark for Park Ohio stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Park Ohio stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Park Ohio is critical whether you are bullish or bearish towards Park Ohio Holdings at a given time. Please also check how Park Ohio's historical prices are related to one of the top price index indicators.
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Park Ohio Corporate Directors
Park Ohio corporate directors refer to members of a Park Ohio board of directors. The board of directors generally takes responsibility for the Park Ohio's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Park Ohio's board members must vote for the resolution. The Park Ohio board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Patrick Auletta | Independent Director | Profile | |
| Ronna Romney | Independent Director | Profile | |
| Aaron Mixon | Independent Director | Profile | |
| Daniel Moore | Independent Director | Profile |
How to buy Park Stock?
Before investing in Park Ohio, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Park Ohio. To buy Park Ohio stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Park Ohio. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Park Ohio stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Park Ohio Holdings stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Park Ohio Holdings stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Park Ohio Holdings, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Park Stock please use our How to Invest in Park Ohio guide.
Already Invested in Park Ohio Holdings?
The danger of trading Park Ohio Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Park Ohio is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Park Ohio. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Park Ohio Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Park Ohio Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Park Ohio's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Park Ohio Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Park Ohio Holdings Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Park Ohio Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Park Stock analysis
When running Park Ohio's price analysis, check to measure Park Ohio's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Park Ohio is operating at the current time. Most of Park Ohio's value examination focuses on studying past and present price action to predict the probability of Park Ohio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Park Ohio's price. Additionally, you may evaluate how the addition of Park Ohio to your portfolios can decrease your overall portfolio volatility.
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Is Park Ohio's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Park Ohio. If investors know Park will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Park Ohio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.007 | Dividend Share 0.5 | Earnings Share 2.72 | Revenue Per Share 134.979 | Quarterly Revenue Growth 0.02 |
The market value of Park Ohio Holdings is measured differently than its book value, which is the value of Park that is recorded on the company's balance sheet. Investors also form their own opinion of Park Ohio's value that differs from its market value or its book value, called intrinsic value, which is Park Ohio's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Park Ohio's market value can be influenced by many factors that don't directly affect Park Ohio's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Park Ohio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Park Ohio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Park Ohio's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.