Tenaris SA (NYSE:TS) Shares Sold by Westwood Holdings Group Inc.

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Westwood Holdings Group Inc. decreased its position in shares of Tenaris SA (NYSE:TS) by 22.3% during the first quarter, HoldingsChannel.com reports. The fund owned 1,152,731 shares of the industrial products company’s stock after selling 330,304 shares during the period. Westwood Holdings Group Inc.’s holdings in Tenaris were worth $32,565,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TS. Standard Life Aberdeen plc grew its holdings in shares of Tenaris by 724.2% during the 4th quarter. Standard Life Aberdeen plc now owns 11,063,413 shares of the industrial products company’s stock worth $236,481,000 after acquiring an additional 9,721,069 shares during the period. Egerton Capital UK LLP grew its holdings in shares of Tenaris by 70.2% during the 1st quarter. Egerton Capital UK LLP now owns 12,811,214 shares of the industrial products company’s stock worth $361,917,000 after acquiring an additional 5,283,574 shares during the period. D. E. Shaw & Co. Inc. purchased a new position in shares of Tenaris during the 4th quarter worth approximately $40,367,000. Deutsche Bank AG grew its holdings in shares of Tenaris by 6,493.2% during the 4th quarter. Deutsche Bank AG now owns 1,734,075 shares of the industrial products company’s stock worth $36,970,000 after acquiring an additional 1,707,774 shares during the period. Finally, Engadine Partners LLP purchased a new position in shares of Tenaris during the 1st quarter worth approximately $34,090,000. Hedge funds and other institutional investors own 14.40% of the company’s stock.

A number of analysts have recently commented on TS shares. ValuEngine cut Tenaris from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Goldman Sachs Group cut Tenaris from a “neutral” rating to a “sell” rating and set a $28.80 price target on the stock. in a research report on Tuesday, March 26th. TheStreet raised Tenaris from a “c+” rating to a “b-” rating in a research report on Friday, May 3rd. Zacks Investment Research raised Tenaris from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Barclays reissued a “buy” rating and issued a $39.00 price target on shares of Tenaris in a research report on Tuesday, February 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’s stock. The company has a consensus rating of “Hold” and a consensus price target of $37.88.

TS stock traded down $1.29 during midday trading on Wednesday, hitting $24.11. The company’s stock had a trading volume of 124,046 shares, compared to its average volume of 2,162,136. The stock has a market capitalization of $14.47 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 1.40 and a beta of 1.07. Tenaris SA has a 12 month low of $20.45 and a 12 month high of $39.04. The company has a current ratio of 3.13, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02.

Tenaris (NYSE:TS) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $2 billion. Tenaris had a return on equity of 7.46% and a net margin of 11.53%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 EPS. On average, research analysts predict that Tenaris SA will post 1.54 earnings per share for the current 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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