News

Jan 07, 2024

Aviva PLC Sells 45,526 Shares of TimkenSteel Co. (NYSE:TMST)

Aviva PLC trimmed its holdings in shares of TimkenSteel Co. (NYSE:TMST - Get

Aviva PLC trimmed its holdings in shares of TimkenSteel Co. (NYSE:TMST - Get Rating) by 45.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,831 shares of the basic materials company's stock after selling 45,526 shares during the quarter. Aviva PLC owned about 0.12% of TimkenSteel worth $996,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Russell Investments Group Ltd. lifted its position in shares of TimkenSteel by 107.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 156,005 shares of the basic materials company's stock valued at $2,337,000 after acquiring an additional 80,786 shares during the period. Brown Advisory Inc. boosted its position in shares of TimkenSteel by 26.0% during the 3rd quarter. Brown Advisory Inc. now owns 92,850 shares of the basic materials company's stock worth $1,392,000 after acquiring an additional 19,162 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of TimkenSteel by 1.3% during the 3rd quarter. Renaissance Technologies LLC now owns 715,346 shares of the basic materials company's stock worth $10,723,000 after acquiring an additional 8,900 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of TimkenSteel by 17.6% during the 4th quarter. Pacer Advisors Inc. now owns 721,864 shares of the basic materials company's stock worth $13,116,000 after acquiring an additional 108,147 shares in the last quarter. Finally, Ergoteles LLC acquired a new stake in shares of TimkenSteel during the 3rd quarter worth approximately $267,000. 81.38% of the stock is owned by institutional investors.

TMST stock opened at $17.78 on Friday. The stock has a market cap of $780.19 million, a price-to-earnings ratio of 26.15, a P/E/G ratio of 0.68 and a beta of 1.71. The company has a 50 day simple moving average of $17.41 and a 200 day simple moving average of $18.27. TimkenSteel Co. has a 1 year low of $14.09 and a 1 year high of $26.23.

TimkenSteel (NYSE:TMST - Get Rating) last announced its quarterly earnings results on Friday, May 5th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.26. TimkenSteel had a net margin of 3.26% and a return on equity of 11.03%. The company had revenue of $323.50 million during the quarter, compared to the consensus estimate of $309.20 million. During the same period in the prior year, the business earned $0.92 earnings per share. The company's revenue for the quarter was down 8.1% compared to the same quarter last year. On average, equities research analysts anticipate that TimkenSteel Co. will post 1.75 EPS for the current fiscal year.

Separately, StockNews.com initiated coverage on shares of TimkenSteel in a research report on Thursday. They set a "hold" rating on the stock.

TimkenSteel Corp. engages in the manufacture of alloy, carbon and micro-alloy steel products. The firm's products includes special bar quality steel, seamless mechanical tubing, gears, grades of steel, jumbo bloom vertical caster, TimkenSteel ultrapremium technology, and TimkenSteel endurance steels.

Want to see what other hedge funds are holding TMST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TimkenSteel Co. (NYSE:TMST - Get Rating).

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