Rehmann Capital Advisory Group Increases Holdings in Tenaris SA (NYSE:TS)

Rehmann Capital Advisory Group lifted its holdings in shares of Tenaris SA (NYSE:TS) by 292.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,861 shares of the industrial products company’s stock after purchasing an additional 3,621 shares during the period. Rehmann Capital Advisory Group’s holdings in Tenaris were worth $137,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TS. Marshall Wace North America L.P. boosted its holdings in shares of Tenaris by 344.1% in the first quarter. Marshall Wace North America L.P. now owns 686,719 shares of the industrial products company’s stock worth $19,400,000 after acquiring an additional 532,076 shares during the period. Marshall Wace LLP boosted its holdings in shares of Tenaris by 86.7% in the first quarter. Marshall Wace LLP now owns 751,265 shares of the industrial products company’s stock worth $21,224,000 after acquiring an additional 348,856 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Tenaris by 5.2% in the first quarter. Lazard Asset Management LLC now owns 340,070 shares of the industrial products company’s stock worth $9,606,000 after acquiring an additional 16,918 shares during the period. Delek Group Ltd. bought a new position in shares of Tenaris in the first quarter worth $15,461,000. Finally, NumerixS Investment Technologies Inc boosted its holdings in shares of Tenaris by 340.6% in the first quarter. NumerixS Investment Technologies Inc now owns 9,200 shares of the industrial products company’s stock worth $258,000 after acquiring an additional 7,112 shares during the period. Institutional investors own 14.40% of the company’s stock.

TS has been the subject of a number of analyst reports. ValuEngine raised William Lyon Homes from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 10th. Morgan Stanley set a $35.00 price target on Tenaris and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Goldman Sachs Group reissued a “neutral” rating and set a $36.00 price objective on shares of General Motors in a research note on Tuesday, March 26th. TheStreet lowered Viewray from a “c-” rating to a “d” rating in a research note on Friday, May 3rd. Finally, Zacks Investment Research lowered Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. Tenaris presently has a consensus rating of “Buy” and a consensus target price of $36.38.

NYSE TS traded down $0.15 during trading hours on Friday, reaching $27.38. 1,340,483 shares of the stock traded hands, compared to its average volume of 1,674,843. The firm has a 50 day moving average price of $25.33. Tenaris SA has a 1 year low of $20.45 and a 1 year high of $37.70. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 3.13. The firm has a market cap of $16.25 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 1.85 and a beta of 1.12.

Tenaris (NYSE:TS) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.03. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $2 billion. Tenaris had a return on equity of 7.46% and a net margin of 11.53%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. On average, equities research analysts expect that Tenaris SA will post 1.52 earnings per share for the current fiscal year.

About Tenaris

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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