Tenaris S.A. (NYSE:TS) Stock Holdings Decreased by Westwood Global Investments LLC

Westwood Global Investments LLC lowered its holdings in Tenaris S.A. (NYSE:TS - Free Report) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,255,913 shares of the industrial products company's stock after selling 64,530 shares during the quarter. Tenaris accounts for about 12.6% of Westwood Global Investments LLC's investment portfolio, making the stock its 3rd biggest holding. Westwood Global Investments LLC owned 1.42% of Tenaris worth $251,970,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. O Shaughnessy Asset Management LLC lifted its position in Tenaris by 93.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 39,128 shares of the industrial products company's stock valued at $1,537,000 after purchasing an additional 18,935 shares during the period. Ruffer LLP boosted its stake in shares of Tenaris by 166.5% in the 4th quarter. Ruffer LLP now owns 177,306 shares of the industrial products company's stock worth $6,164,000 after buying an additional 110,770 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Tenaris by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,782,729 shares of the industrial products company's stock worth $70,009,000 after acquiring an additional 56,935 shares during the period. Manning & Napier Advisors LLC purchased a new stake in Tenaris during the second quarter valued at $1,518,000. Finally, Balyasny Asset Management L.P. increased its position in shares of Tenaris by 91.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,576,096 shares of the industrial products company's stock valued at $89,545,000 after purchasing an additional 1,228,287 shares during the last quarter. 10.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TS has been the topic of a number of recent research reports. Piper Sandler decreased their target price on Tenaris from $43.00 to $40.00 and set an "overweight" rating on the stock in a report on Monday, July 15th. StockNews.com lowered shares of Tenaris from a "buy" rating to a "hold" rating in a report on Monday, August 5th. Finally, Stifel Nicolaus reduced their target price on Tenaris from $42.00 to $37.00 and set a "buy" rating on the stock in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Tenaris presently has an average rating of "Hold" and an average price target of $39.00.

Tenaris Stock Up 1.4 %

NYSE TS traded up $0.41 during trading hours on Monday, hitting $28.72. 1,074,453 shares of the company were exchanged, compared to its average volume of 2,028,653. Tenaris S.A. has a 52 week low of $27.24 and a 52 week high of $40.72. The stock has a 50-day moving average price of $29.42 and a 200 day moving average price of $33.17. The stock has a market cap of $16.70 billion, a PE ratio of 4.79 and a beta of 1.43.

Tenaris (NYSE:TS - Get Free Report) last released its earnings results on Wednesday, July 31st. The industrial products company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.38). Tenaris had a net margin of 20.41% and a return on equity of 16.12%. The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $170.13 million. During the same period in the prior year, the firm posted $1.90 EPS. The business's revenue for the quarter was down 18.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tenaris S.A. will post 3.3 earnings per share for the current year.

About Tenaris

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.