TimkenSteel (TMST) Stake Raised by Guggenheim Capital LLC

Guggenheim Capital LLC grew its stake in TimkenSteel (NYSE:TMST) by 45.9% during the fourth quarter, HoldingsChannel reports. The firm owned 126,007 shares of the basic materials company’s stock after purchasing an additional 39,616 shares during the period. Guggenheim Capital LLC’s holdings in TimkenSteel were worth $1,915,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First Dallas Securities Inc. acquired a new stake in shares of TimkenSteel in the 4th quarter valued at about $125,000. Acadian Asset Management LLC acquired a new stake in shares of TimkenSteel in the 4th quarter valued at about $137,000. Teacher Retirement System of Texas acquired a new stake in shares of TimkenSteel in the 4th quarter valued at about $195,000. UBS Asset Management Americas Inc. raised its stake in shares of TimkenSteel by 53.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 16,648 shares of the basic materials company’s stock valued at $253,000 after purchasing an additional 5,800 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of TimkenSteel by 48.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 19,144 shares of the basic materials company’s stock valued at $291,000 after purchasing an additional 6,272 shares in the last quarter. Institutional investors and hedge funds own 75.03% of the company’s stock.

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A number of brokerages have recently issued reports on TMST. Zacks Investment Research lowered shares of TimkenSteel from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. KeyCorp set a $19.00 target price on shares of TimkenSteel and gave the company a “buy” rating in a research note on Friday, March 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. TimkenSteel has a consensus rating of “Hold” and a consensus target price of $18.60.

TMST opened at $15.92 on Tuesday. The stock has a market cap of $699.60, a P/E ratio of -15.92 and a beta of 2.04. TimkenSteel has a fifty-two week low of $12.48 and a fifty-two week high of $20.24. The company has a current ratio of 1.98, a quick ratio of 0.90 and a debt-to-equity ratio of 0.29.

TimkenSteel (NYSE:TMST) last released its quarterly earnings data on Thursday, January 25th. The basic materials company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.43). The business had revenue of $341.40 million for the quarter, compared to analyst estimates of $345.00 million. TimkenSteel had a negative return on equity of 7.56% and a negative net margin of 3.33%. TimkenSteel’s revenue was up 59.0% compared to the same quarter last year. During the same quarter last year, the company earned ($1.52) EPS. sell-side analysts predict that TimkenSteel will post 0.53 earnings per share for the current fiscal year.

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TimkenSteel Company Profile

TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide. It offers carbon, micro-alloy, and alloy steel ingots, bars, tubes, and billets; and precision components, as well as thermal treatment and machining services. The company's products are used in oil country drill pipes; bits and collars; gears; hubs; axles; crankshafts and connecting rods; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts; anti-friction bearings; and other applications.

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Institutional Ownership by Quarter for TimkenSteel (NYSE:TMST)

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