Russell Investments Group Ltd. Has $4.33 Million Stake in Tenaris SA (NYSE:TS)

Russell Investments Group Ltd. trimmed its holdings in Tenaris SA (NYSE:TS) by 19.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 203,653 shares of the industrial products company’s stock after selling 50,089 shares during the period. Russell Investments Group Ltd.’s holdings in Tenaris were worth $4,329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of TS. Lindbrook Capital LLC lifted its holdings in shares of Tenaris by 26.6% in the third quarter. Lindbrook Capital LLC now owns 3,894 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 819 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of Tenaris in the second quarter valued at about $97,000. Royal Bank of Canada lifted its holdings in shares of Tenaris by 94.1% in the second quarter. Royal Bank of Canada now owns 4,922 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 2,386 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of Tenaris by 9.5% in the second quarter. Rehmann Capital Advisory Group now owns 5,325 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 464 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Tenaris in the first quarter valued at about $219,000. 14.04% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently commented on TS shares. ValuEngine upgraded Tenaris from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research lowered Tenaris from a “hold” rating to a “strong sell” rating in a report on Friday. Wolfe Research upgraded 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. Cowen restated a “market perform” rating and issued a $28.00 price target (down from $29.00) on shares of Tenaris in a report on Monday, August 5th. Finally, Morgan Stanley lowered Tenaris from an “overweight” rating to an “equal weight” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $29.42.

TS opened at $21.51 on Tuesday. Tenaris SA has a 52-week low of $19.90 and a 52-week high of $30.32. The firm has a market capitalization of $12.64 billion, a PE ratio of 14.53, a PEG ratio of 1.78 and a beta of 1.18. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.76 and a current ratio of 2.98. The business’s 50-day simple moving average is $21.13 and its 200 day simple moving average is $23.57.

Tenaris (NYSE:TS) last released its earnings results on Wednesday, October 30th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.13). Tenaris had a return on equity of 6.75% and a net margin of 10.66%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $0.42 EPS. The business’s revenue was down 8.0% on a year-over-year basis. On average, research analysts forecast that Tenaris SA will post 1.25 earnings per share for the current year.

Tenaris Company Profile

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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Institutional Ownership by Quarter for Tenaris (NYSE:TS)

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