Timkensteel Corp (TMST) Holdings Raised by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its position in shares of Timkensteel Corp (NYSE:TMST) by 5.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 515,702 shares of the basic materials company’s stock after buying an additional 25,997 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Timkensteel were worth $8,432,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Swiss National Bank lifted its stake in Timkensteel by 4.9% in the first quarter. Swiss National Bank now owns 65,800 shares of the basic materials company’s stock worth $1,000,000 after purchasing an additional 3,100 shares during the last quarter. Northern Trust Corp increased its position in shares of Timkensteel by 0.5% in the first quarter. Northern Trust Corp now owns 914,453 shares of the basic materials company’s stock valued at $13,891,000 after acquiring an additional 4,666 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Timkensteel by 5.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,576,561 shares of the basic materials company’s stock valued at $54,328,000 after acquiring an additional 169,474 shares during the period. Principal Financial Group Inc. increased its position in shares of Timkensteel by 2.7% in the first quarter. Principal Financial Group Inc. now owns 299,991 shares of the basic materials company’s stock valued at $4,557,000 after acquiring an additional 7,786 shares during the period. Finally, Lord Abbett & CO. LLC increased its position in shares of Timkensteel by 30.5% in the first quarter. Lord Abbett & CO. LLC now owns 699,716 shares of the basic materials company’s stock valued at $10,629,000 after acquiring an additional 163,585 shares during the period. 75.22% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on TMST. ValuEngine cut shares of Timkensteel from a “hold” rating to a “sell” rating in a research report on Monday. Zacks Investment Research cut shares of Timkensteel from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Jefferies Financial Group restated a “hold” rating and issued a $17.00 price objective on shares of Timkensteel in a research report on Friday, July 27th. Finally, KeyCorp boosted their price objective on shares of Timkensteel from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, June 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Timkensteel presently has a consensus rating of “Hold” and a consensus target price of $17.50.

TMST stock opened at $14.92 on Wednesday. Timkensteel Corp has a 12-month low of $12.54 and a 12-month high of $20.24. The stock has a market capitalization of $646.92 million, a price-to-earnings ratio of -14.92 and a beta of 1.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.95 and a current ratio of 2.19.

Timkensteel (NYSE:TMST) last released its quarterly earnings data on Thursday, July 26th. The basic materials company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.11). Timkensteel had a negative net margin of 2.29% and a negative return on equity of 5.79%. The firm had revenue of $413.50 million during the quarter, compared to analysts’ expectations of $419.33 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. Timkensteel’s revenue was up 21.9% compared to the same quarter last year. equities analysts predict that Timkensteel Corp will post 0.28 EPS for the current year.

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.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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Institutional Ownership by Quarter for Timkensteel (NYSE:TMST)

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