BlueCrest Capital Management Ltd Buys New Holdings in Timken Company (The) (TKR)

BlueCrest Capital Management Ltd bought a new position in Timken Company (The) (NYSE:TKR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 47,104 shares of the industrial products company’s stock, valued at approximately $2,179,000. BlueCrest Capital Management Ltd owned approximately 0.06% of Timken Company (The) at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. US Bancorp DE increased its holdings in shares of Timken Company (The) by 3.9% in the 1st quarter. US Bancorp DE now owns 3,872 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 145 shares in the last quarter. Advisor Group Inc. increased its holdings in shares of Timken Company (The) by 19.7% in the 2nd quarter. Advisor Group Inc. now owns 4,051 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 666 shares in the last quarter. HM Payson & Co. bought a new stake in shares of Timken Company (The) in the 1st quarter worth $202,000. Two Sigma Securities LLC bought a new stake in shares of Timken Company (The) in the 1st quarter worth $210,000. Finally, Calamos Advisors LLC bought a new stake in shares of Timken Company (The) in the 2nd quarter worth $210,000. 79.62% of the stock is owned by institutional investors and hedge funds.

Shares of Timken Company (NYSE:TKR) opened at 50.05 on Wednesday. The company has a 50 day moving average price of $46.73 and a 200 day moving average price of $46.11. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 24.84 and a beta of 1.41. Timken Company has a one year low of $31.60 and a one year high of $51.75.

Timken Company (The) (NYSE:TKR) last issued its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. Timken Company (The) had a return on equity of 12.73% and a net margin of 5.98%. The firm had revenue of $750.60 million during the quarter, compared to analyst estimates of $716.50 million. During the same quarter in the prior year, the business posted $0.55 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities analysts predict that Timken Company will post $2.57 EPS for the current year.

A number of research firms have commented on TKR. Zacks Investment Research raised Timken Company (The) from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Wednesday, July 26th. BidaskClub raised Timken Company (The) from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Jefferies Group LLC reissued a “hold” rating and issued a $45.00 target price on shares of Timken Company (The) in a report on Friday, July 14th. Stifel Nicolaus reissued a “hold” rating and issued a $53.00 target price on shares of Timken Company (The) in a report on Friday, June 30th. Finally, ValuEngine lowered Timken Company (The) from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Timken Company (The) presently has an average rating of “Hold” and an average price target of $46.67.

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About Timken Company (The)

The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain, couplings and related products and offers a spectrum of power system rebuild and repair services across the world. The Company operates through two segments: Mobile Industries and Process Industries.

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Institutional Ownership by Quarter for Timken Company (The) (NYSE:TKR)

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