Guggenheim Capital LLC Sells 88,882 Shares of Timken Co (TKR)
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Guggenheim Capital LLC reduced its stake in Timken Co (NYSE:TKR) by 63.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,126 shares of the industrial products company¡¯s stock after selling 88,882 shares during the quarter. Guggenheim Capital LLC owned about 0.07% of Timken worth $2,332,000 at the end of the most recent quarter.
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Other large investors also recently modified their holdings of the company. Deutsche Bank AG lifted its position in shares of Timken by 29.2% in the fourth quarter. Deutsche Bank AG now owns 341,809 shares of the industrial products company¡¯s stock valued at $16,796,000 after acquiring an additional 77,334 shares in the last quarter. Elkfork Partners LLC purchased a new stake in shares of Timken in the fourth quarter valued at $354,000. Schwab Charles Investment Management Inc. lifted its position in shares of Timken by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 395,319 shares of the industrial products company¡¯s stock valued at $18,027,000 after acquiring an additional 22,919 shares in the last quarter. Quantitative Investment Management LLC purchased a new stake in shares of Timken in the fourth quarter valued at $732,000. Finally, OppenheimerFunds Inc. lifted its position in shares of Timken by 9.6% in the fourth quarter. OppenheimerFunds Inc. now owns 17,354 shares of the industrial products company¡¯s stock valued at $853,000 after acquiring an additional 1,522 shares in the last quarter. Institutional investors and hedge funds own 77.41% of the company¡¯s stock.<br />
16 Jul,2018