TimkenSteel Co. (NYSE:TMST) Holdings Decreased by Van ECK Associates Corp

Van ECK Associates Corp decreased its position in shares of TimkenSteel Co. (NYSE:TMST – Get Rating) by 6.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,485 shares of the basic materials company’s stock after selling 3,236 shares during the period. Van ECK Associates Corp’s holdings in TimkenSteel were worth $682,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TMST. Nisa Investment Advisors LLC boosted its position in TimkenSteel by 150.0% during the second quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 1,200 shares during the last quarter. KBC Group NV acquired a new stake in TimkenSteel during the second quarter valued at $69,000. J.W. Cole Advisors Inc. acquired a new stake in TimkenSteel during the first quarter valued at $72,000. Shell Asset Management Co. acquired a new stake in TimkenSteel during the second quarter valued at $78,000. Finally, Point72 Hong Kong Ltd acquired a new stake in TimkenSteel during the first quarter valued at $81,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

TimkenSteel Price Performance

Shares of NYSE:TMST opened at $19.57 on Tuesday. TimkenSteel Co. has a fifty-two week low of $12.67 and a fifty-two week high of $26.23. The business has a 50-day moving average of $18.47 and a two-hundred day moving average of $17.33. The stock has a market capitalization of $870.26 million, a P/E ratio of 6.75 and a beta of 1.70.

TimkenSteel (NYSE:TMST – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The basic materials company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.34). TimkenSteel had a return on equity of 21.48% and a net margin of 10.92%. The company had revenue of $316.80 million during the quarter, compared to analyst estimates of $335.65 million. As a group, research analysts expect that TimkenSteel Co. will post 1.96 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on TimkenSteel in a research report on Wednesday, October 12th. They set a “hold” rating for the company.

TimkenSteel Profile

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