UBS Asset Management Americas Inc. maintained its position in Timken Steel Corporation (NYSE:TMST) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,848 shares of the basic materials company’s stock at the close of the 2nd quarter. UBS Asset Management Americas Inc.’s holdings in Timken Steel Corporation were worth $167,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. lifted its position in Timken Steel Corporation by 51,982.7% during the 1st quarter. BlackRock Inc. now owns 4,911,398 shares of the basic materials company’s stock worth $92,873,000 after acquiring an additional 4,901,968 shares during the period. Vanguard Group Inc. lifted its position in Timken Steel Corporation by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 3,254,839 shares of the basic materials company’s stock worth $61,549,000 after acquiring an additional 182,622 shares during the period. Dimensional Fund Advisors LP lifted its position in Timken Steel Corporation by 30.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,016,049 shares of the basic materials company’s stock worth $57,032,000 after acquiring an additional 699,127 shares during the period. State Street Corp lifted its position in Timken Steel Corporation by 15.4% during the 1st quarter. State Street Corp now owns 1,585,433 shares of the basic materials company’s stock worth $29,978,000 after acquiring an additional 211,004 shares during the period. Finally, Gamco Investors INC. ET AL lifted its position in Timken Steel Corporation by 100.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,115,452 shares of the basic materials company’s stock worth $17,144,000 after acquiring an additional 557,976 shares during the period. 73.84% of the stock is owned by institutional investors.

A number of analysts have weighed in on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 price objective on shares of Timken Steel Corporation in a research report on Thursday, October 19th. Zacks Investment Research cut Timken Steel Corporation from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub cut Timken Steel Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Cowen and Company set a $23.00 price target on Timken Steel Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, ValuEngine raised Timken Steel Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $18.50.

TRADEMARK VIOLATION WARNING: “UBS Asset Management Americas Inc. Continues to Hold Holdings in Timken Steel Corporation (TMST)” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/11/07/ubs-asset-management-americas-inc-continues-to-hold-holdings-in-timken-steel-corporation-tmst.html.

Shares of Timken Steel Corporation (NYSE TMST) opened at $14.58 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.05 and a current ratio of 2.21. Timken Steel Corporation has a 1-year low of $9.53 and a 1-year high of $23.00.

Timken Steel Corporation (NYSE:TMST) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.05). The business had revenue of $339.10 million during the quarter, compared to analyst estimates of $351.50 million. Timken Steel Corporation had a negative net margin of 6.39% and a negative return on equity of 12.92%. The firm’s quarterly revenue was up 58.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.38) earnings per share. analysts anticipate that Timken Steel Corporation will post -0.52 EPS for the current fiscal year.

About Timken Steel Corporation

TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel. The Company’s portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. In addition, the Company supplies machining and thermal treatment services, as well as manage raw material recycling programs, which are used as a feeder system for its melt operations.

Institutional Ownership by Quarter for Timken Steel Corporation (NYSE:TMST)

Receive News & Stock Ratings for Timken Steel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Timken Steel Corporation and related stocks with our FREE daily email newsletter.