Tenaris S.A. (NYSE:TS) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its holdings in shares of Tenaris S.A. (NYSE:TS - Free Report) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 696,062 shares of the industrial products company's stock after selling 53,718 shares during the quarter. Natixis Advisors LLC owned approximately 0.12% of Tenaris worth $21,244,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Janiczek Wealth Management LLC increased its stake in Tenaris by 14.8% in the 1st quarter. Janiczek Wealth Management LLC now owns 2,692 shares of the industrial products company's stock worth $106,000 after acquiring an additional 347 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Tenaris by 20.3% in the 4th quarter. Parallel Advisors LLC now owns 3,908 shares of the industrial products company's stock valued at $136,000 after acquiring an additional 660 shares during the last quarter. Signaturefd LLC grew its position in Tenaris by 4.7% in the second quarter. Signaturefd LLC now owns 16,338 shares of the industrial products company's stock worth $499,000 after acquiring an additional 732 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Tenaris by 8.2% during the fourth quarter. Quadrant Capital Group LLC now owns 10,595 shares of the industrial products company's stock worth $368,000 after acquiring an additional 800 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in Tenaris by 10.3% during the first quarter. Ballentine Partners LLC now owns 8,923 shares of the industrial products company's stock valued at $350,000 after purchasing an additional 834 shares during the period. 10.45% of the stock is currently owned by hedge funds and other institutional investors.

Tenaris Price Performance

Shares of NYSE:TS traded down $0.30 during trading hours on Wednesday, hitting $29.00. The company's stock had a trading volume of 3,192,574 shares, compared to its average volume of 2,044,536. The firm's fifty day moving average price is $29.81 and its 200 day moving average price is $33.55. Tenaris S.A. has a 52 week low of $27.24 and a 52 week high of $40.72. The company has a market capitalization of $16.86 billion, a price-to-earnings ratio of 4.88 and a beta of 1.43.

Tenaris (NYSE:TS - Get Free Report) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.38). Tenaris had a net margin of 20.41% and a return on equity of 16.12%. The firm had revenue of $3.32 billion for the quarter, compared to analysts' expectations of $170.13 million. During the same period in the previous year, the company earned $1.90 EPS. The company's revenue was down 18.5% on a year-over-year basis. On average, equities research analysts predict that Tenaris S.A. will post 3.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

TS has been the subject of several analyst reports. Piper Sandler decreased their price objective on shares of Tenaris from $43.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday, July 15th. Stifel Nicolaus dropped their price objective on Tenaris from $42.00 to $37.00 and set a "buy" rating for the company in a report on Tuesday, August 6th. Finally, StockNews.com cut shares of Tenaris from a "buy" rating to a "hold" rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $39.00.

Tenaris Profile

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.