3,673 Shares in Tenaris SA (NYSE:TS) Bought by Quantamental Technologies LLC
Quantamental Technologies LLC acquired a new stake in Tenaris SA (NYSE:TS) during the second quarter, according to its most recent filing with the SEC. The firm acquired 3,673 shares of the industrial products company’s stock, valued at approximately $97,000.
A number of other large investors have also recently bought and sold shares of TS. Parallel Advisors LLC acquired a new position in shares of Tenaris during the 1st quarter worth $29,000. Icon Wealth Partners LLC purchased a new position in shares of Tenaris in the first quarter valued at $44,000. Rehmann Capital Advisory Group raised its stake in shares of Tenaris by 292.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 4,861 shares of the industrial products company’s stock worth $137,000 after buying an additional 3,621 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Tenaris during the 1st quarter worth $219,000. Finally, Wetherby Asset Management Inc. raised its stake in shares of Tenaris by 11.4% during the 2nd quarter. Wetherby Asset Management Inc. now owns 9,117 shares of the industrial products company’s stock worth $240,000 after buying an additional 936 shares during the last quarter. Hedge funds and other institutional investors own 14.04% of the company’s stock.
A number of equities research analysts recently commented on TS shares. Stifel Nicolaus lowered their price objective on shares of Tenaris from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Morgan Stanley set a $35.00 target price on shares of Tenaris and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Wolfe Research raised shares of Tenaris from a “peer perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a report on Wednesday, August 21st. Barclays set a $33.00 price target on shares of Tenaris and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Cowen reiterated a “market perform” rating and issued a $28.00 price target (down from $29.00) on shares of Tenaris in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Tenaris presently has a consensus rating of “Hold” and an average price target of $31.38.
Tenaris (NYSE:TS) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. Tenaris had a return on equity of 7.97% and a net margin of 12.28%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.89 billion. As a group, equities analysts predict that Tenaris SA will post 1.52 EPS for the current year.
Tenaris SA, through its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The company offers products for oil and gas drilling operations, such as casing and tubing products, premium connections, drill pipes, coiled tubing, hot-rolled and cold-drawn seamless tubes, perforating guns, tubular accessories, and non-tubular accessories and devices.
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