Public Employees Retirement System of Ohio increased its position in Timken Steel Corporation (NYSE:TMST) by 21.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,119 shares of the basic materials company’s stock after buying an additional 2,506 shares during the period. Public Employees Retirement System of Ohio’s holdings in Timken Steel Corporation were worth $267,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Timken Steel Corporation by 51,982.7% in the first quarter. BlackRock Inc. now owns 4,911,398 shares of the basic materials company’s stock worth $92,873,000 after buying an additional 4,901,968 shares in the last quarter. Vanguard Group Inc. increased its position in Timken Steel Corporation by 5.9% in the first quarter. Vanguard Group Inc. now owns 3,254,839 shares of the basic materials company’s stock worth $61,549,000 after buying an additional 182,622 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Timken Steel Corporation by 30.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,016,049 shares of the basic materials company’s stock worth $57,032,000 after buying an additional 699,127 shares in the last quarter. State Street Corp increased its position in Timken Steel Corporation by 15.4% in the first quarter. State Street Corp now owns 1,585,433 shares of the basic materials company’s stock worth $29,978,000 after buying an additional 211,004 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Timken Steel Corporation by 115.2% in the first quarter. Bank of New York Mellon Corp now owns 1,039,610 shares of the basic materials company’s stock worth $19,659,000 after buying an additional 556,559 shares in the last quarter. 74.71% of the stock is owned by institutional investors and hedge funds.

Timken Steel Corporation (TMST) traded up 0.031% during trading on Tuesday, reaching $16.345. 42,063 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $14.96 and its 200-day moving average price is $16.23. Timken Steel Corporation has a 52-week low of $8.36 and a 52-week high of $23.00. The company’s market capitalization is $726.11 million.

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A number of equities analysts have commented on TMST shares. Zacks Investment Research raised shares of Timken Steel Corporation from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Tuesday, July 18th. BidaskClub raised shares of Timken Steel Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Cowen and Company reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Timken Steel Corporation in a report on Tuesday, May 9th. TheStreet downgraded shares of Timken Steel Corporation from a “c-” rating to a “d+” rating in a report on Tuesday, June 6th. Finally, ValuEngine raised shares of Timken Steel Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.83.

Timken Steel Corporation Company Profile

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.

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

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