Tenaris SA (TS) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in Tenaris SA (NYSE:TS) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,090 shares of the industrial products company’s stock after selling 2,006 shares during the period. Dimensional Fund Advisors LP’s holdings in Tenaris were worth $1,714,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Egerton Capital UK LLP bought a new position in shares of Tenaris in the second quarter worth about $247,843,000. Sei Investments Co. grew its holdings in shares of Tenaris by 18.5% in the second quarter. Sei Investments Co. now owns 74,355 shares of the industrial products company’s stock worth $2,706,000 after purchasing an additional 11,595 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Tenaris by 1,948.8% in the first quarter. JPMorgan Chase & Co. now owns 39,152 shares of the industrial products company’s stock worth $1,357,000 after purchasing an additional 37,241 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of Tenaris by 31.6% in the first quarter. Guggenheim Capital LLC now owns 37,047 shares of the industrial products company’s stock worth $1,285,000 after purchasing an additional 8,900 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Tenaris by 21.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 36,183 shares of the industrial products company’s stock worth $1,317,000 after purchasing an additional 6,414 shares during the last quarter. Hedge funds and other institutional investors own 13.98% of the company’s stock.

TS has been the subject of a number of research reports. Credit Suisse Group lowered shares of Tenaris from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 11th. ValuEngine lowered shares of Tenaris from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Piper Jaffray Companies set a $44.00 price objective on shares of Tenaris and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Guggenheim reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Tenaris in a research note on Friday, August 3rd. Finally, TheStreet lowered shares of Tenaris from a “b” rating to a “c+” rating in a research note on Wednesday, August 15th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $41.81.



NYSE:TS opened at $29.60 on Monday. The stock has a market capitalization of $17.47 billion, a P/E ratio of 38.44, a price-to-earnings-growth ratio of 0.54 and a beta of 0.55. Tenaris SA has a 1-year low of $25.91 and a 1-year high of $40.64.

Tenaris (NYSE:TS) last released its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $0.29 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. Tenaris had a net margin of 10.21% and a return on equity of 5.74%. The company’s quarterly revenue was up 43.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 earnings per share. As a group, analysts anticipate that Tenaris SA will post 1.42 EPS for the current year.

About Tenaris

Tenaris SA 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 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, tubular and non-tubular accessories, and devices.

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Institutional Ownership by Quarter for Tenaris (NYSE:TS)

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