Tenaris S.A. (NYSE:TS) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in shares of Tenaris S.A. (NYSE:TS - Free Report) by 45.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,488 shares of the industrial products company's stock after buying an additional 14,473 shares during the quarter. Quantinno Capital Management LP's holdings in Tenaris were worth $1,757,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Tenaris by 78.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company's stock valued at $41,000 after buying an additional 478 shares during the period. Headlands Technologies LLC bought a new position in shares of Tenaris during the fourth quarter valued at approximately $42,000. Smartleaf Asset Management LLC raised its position 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 worth $65,000 after purchasing an additional 1,284 shares during the period. Covestor Ltd raised its position 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 worth $65,000 after purchasing an additional 469 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Tenaris by 46.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,890 shares of the industrial products company's stock worth $71,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 10.45% of the company's stock.

Wall Street Analysts Forecast Growth

TS has been the subject of a number of recent research reports. BNP Paribas started coverage on Tenaris in a research note on Tuesday, April 22nd. They set an "outperform" rating for the company. Wall Street Zen raised shares of Tenaris from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Piper Sandler lifted their price objective on shares of Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Stifel Nicolaus reduced their target price on shares of Tenaris from $43.00 to $41.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Bank of America cut shares of Tenaris from a "neutral" rating to an "underperform" rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $44.00.

Tenaris Price Performance

Shares of TS traded down $0.01 during trading hours on Tuesday, reaching $32.56. 236,611 shares of the company's stock traded hands, compared to its average volume of 1,752,821. Tenaris S.A. has a twelve month low of $27.24 and a twelve month high of $40.87. The business's fifty day simple moving average is $34.42 and its two-hundred day simple moving average is $36.78. The firm has a market capitalization of $18.93 billion, a price-to-earnings ratio of 9.03 and a beta of 1.27.

Tenaris (NYSE:TS - Get Free Report) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.14. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.88 billion. Tenaris had a net margin of 16.26% and a return on equity of 11.76%. Tenaris's revenue was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.27 EPS. On average, equities research analysts expect that Tenaris S.A. will post 3.14 EPS for the current year.

Tenaris Company 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.