Parametric Portfolio Associates LLC Boosts Holdings in Tenaris SA (NYSE:TS)

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Parametric Portfolio Associates LLC raised its position in Tenaris SA (NYSE:TS) by 20.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 360,841 shares of the industrial products company’s stock after purchasing an additional 61,602 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Tenaris were worth $10,194,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. First Trust Advisors LP bought a new stake in Tenaris during the first quarter worth $219,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Tenaris by 189.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 71,597 shares of the industrial products company’s stock worth $2,023,000 after acquiring an additional 46,879 shares during the period. Boston Partners bought a new stake in Tenaris during the first quarter worth $20,552,000. Parallel Advisors LLC bought a new stake in Tenaris during the first quarter worth $29,000. Finally, Zeke Capital Advisors LLC bought a new stake in Tenaris during the first quarter worth $299,000. Hedge funds and other institutional investors own 14.40% of the company’s stock.

TS has been the topic of a number of recent analyst reports. TheStreet upgraded Tenaris from a “c+” rating to a “b-” rating in a report on Friday, May 3rd. Barclays reiterated a “buy” rating and set a $39.00 price target on shares of Tenaris in a report on Tuesday, February 26th. Zacks Investment Research upgraded Tenaris from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. ValuEngine upgraded Tenaris from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Finally, Goldman Sachs Group lowered Tenaris from a “neutral” rating to a “sell” rating and set a $28.80 price target on the stock. in a report on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. Tenaris currently has an average rating of “Hold” and an average target price of $37.88.

Shares of TS opened at $24.85 on Friday. The firm has a market capitalization of $14.24 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.38 and a beta of 1.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 3.13. Tenaris SA has a 1 year low of $20.45 and a 1 year high of $39.04.

Tenaris (NYSE:TS) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $2 billion. Tenaris had a return on equity of 7.46% and a net margin of 11.53%. The business’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. Research analysts anticipate that Tenaris SA will post 1.54 earnings per share for the current fiscal year.

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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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