173,766 Shares in Tenaris S.A. $TS Bought by Kiltearn Partners LLP

Kiltearn Partners LLP acquired a new position in Tenaris S.A. (NYSE:TS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 173,766 shares of the industrial products company’s stock, valued at approximately $9,642,000. Tenaris comprises about 2.3% of Kiltearn Partners LLP’s investment portfolio, making the stock its 17th largest position.

Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC increased its holdings in Tenaris by 7.9% during the first quarter. Renaissance Technologies LLC now owns 3,199,744 shares of the industrial products company’s stock worth $186,161,000 after buying an additional 235,400 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Tenaris in the first quarter valued at about $1,026,000. Ethic Inc. grew its position in shares of Tenaris by 11.6% during the 4th quarter. Ethic Inc. now owns 144,124 shares of the industrial products company’s stock valued at $5,542,000 after acquiring an additional 14,957 shares during the period. Illumine Investment Management LLC bought a new position in shares of Tenaris during the 1st quarter valued at approximately $1,024,000. Finally, Quantinno Capital Management LP increased its stake in shares of Tenaris by 20.9% during the 1st quarter. Quantinno Capital Management LP now owns 146,347 shares of the industrial products company’s stock worth $8,514,000 after purchasing an additional 25,271 shares during the last quarter. Institutional investors own 10.45% of the company’s stock.

Wall Street Analyst Weigh In

TS has been the topic of a number of research reports. Barclays lowered their price target on shares of Tenaris from $82.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Weiss Ratings lowered Tenaris from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Wall Street Zen downgraded Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Morgan Stanley decreased their target price on Tenaris from $65.00 to $60.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Piper Sandler boosted their target price on Tenaris from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $62.45.

Tenaris Stock Down 0.1%

Shares of NYSE:TS opened at $52.61 on Friday. The firm has a market capitalization of $28.20 billion, a PE ratio of 14.07, a P/E/G ratio of 1.26 and a beta of 0.85. Tenaris S.A. has a twelve month low of $33.65 and a twelve month high of $64.60. The company has a 50-day moving average price of $55.78 and a two-hundred day moving average price of $56.78.

Tenaris (NYSE:TS) last posted its earnings results on Wednesday, August 5th. The industrial products company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.16. Tenaris had a net margin of 15.88% and a return on equity of 11.14%. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the company earned $0.50 earnings per share. The company’s revenue was down 3.9% on a year-over-year basis. Analysts anticipate that Tenaris S.A. will post 3.71 earnings per share for the current fiscal year.

About Tenaris

Tenaris SA is a global manufacturer and supplier of steel tubular products and related services, primarily serving the oil and gas industry as well as other energy and industrial markets. Its product portfolio centers on seamless and welded steel pipes used for casing, tubing and line pipe applications, alongside a range of specialty and mechanical steel tubes. The company also provides value‑added technical solutions, including premium connections, heat treatment and surface protection, to support drilling, completion and production activities.

Tenaris operates an integrated industrial and commercial network that combines manufacturing, distribution and field services.