Quantinno Capital Management LP Acquires 14,473 Shares of Tenaris S.A. (NYSE:TS)

Quantinno Capital Management LP raised its position in Tenaris S.A. (NYSE:TS - Free Report) by 45.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,488 shares of the industrial products company's stock after buying an additional 14,473 shares during the period. Quantinno Capital Management LP's holdings in Tenaris were worth $1,757,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TS. EverSource Wealth Advisors LLC boosted its stake in Tenaris by 78.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company's stock worth $41,000 after purchasing an additional 478 shares during the period. Headlands Technologies LLC bought a new position in shares of Tenaris during the 4th quarter valued at $42,000. Smartleaf Asset Management LLC raised its holdings in shares of Tenaris by 291.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,725 shares of the industrial products company's stock valued at $65,000 after purchasing an additional 1,284 shares in the last quarter. Covestor Ltd raised its holdings in shares of Tenaris by 37.2% during the 4th quarter. Covestor Ltd now owns 1,729 shares of the industrial products company's stock valued at $65,000 after purchasing an additional 469 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Tenaris by 46.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,890 shares of the industrial products company's stock valued at $71,000 after purchasing an additional 600 shares in the last quarter. 10.45% of the stock is owned by hedge funds and other institutional investors.

Tenaris Stock Performance

Tenaris stock traded up $0.20 during trading hours on Friday, reaching $32.59. 988,429 shares of the company's stock traded hands, compared to its average volume of 1,758,757. The firm has a market capitalization of $18.94 billion, a price-to-earnings ratio of 9.03 and a beta of 1.27. The firm's 50 day moving average is $34.57 and its 200-day moving average is $36.81. Tenaris S.A. has a fifty-two week low of $27.24 and a fifty-two week high of $40.87.

Tenaris (NYSE:TS - Get Free Report) last released its earnings results on Wednesday, April 30th. The industrial products company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.14. Tenaris had a net margin of 16.26% and a return on equity of 11.76%. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the previous year, the business earned $1.27 EPS. The business's quarterly revenue was down 15.1% compared to the same quarter last year. Analysts predict that Tenaris S.A. will post 3.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of Tenaris from $43.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen upgraded shares of Tenaris from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Morgan Stanley decreased their price target on shares of Tenaris from $35.00 to $34.00 and set an "underweight" rating on the stock in a research report on Friday, May 16th. BNP Paribas began coverage on shares of Tenaris in a research report on Tuesday, April 22nd. They issued an "outperform" rating on the stock. Finally, Bank of America lowered shares of Tenaris from a "neutral" rating to an "underperform" rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Tenaris has an average rating of "Hold" and a consensus target price of $44.00.

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.