6,548 Shares in Tenaris SA (TS) Purchased by Delpha Capital Management LLC

Delpha Capital Management LLC purchased a new position in shares of Tenaris SA (NYSE:TS) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,548 shares of the industrial products company’s stock, valued at approximately $227,000.

A number of other large investors have also modified their holdings of TS. Stoneridge Investment Partners LLC acquired a new position in shares of Tenaris during the 4th quarter worth about $2,136,000. Lazard Asset Management LLC increased its stake in shares of Tenaris by 2.0% during the 4th quarter. Lazard Asset Management LLC now owns 188,343 shares of the industrial products company’s stock worth $6,000,000 after purchasing an additional 3,668 shares during the last quarter. Comerica Bank increased its stake in shares of Tenaris by 4.5% during the 4th quarter. Comerica Bank now owns 42,004 shares of the industrial products company’s stock worth $1,503,000 after purchasing an additional 1,825 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of Tenaris by 203.2% during the 4th quarter. Glenmede Trust Co. NA now owns 5,167 shares of the industrial products company’s stock worth $164,000 after purchasing an additional 3,463 shares during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Tenaris during the 4th quarter worth about $3,092,000. 14.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tenaris opened at $36.72 on Friday, according to Marketbeat.com. The stock has a market capitalization of $21.87 billion, a P/E ratio of 47.69, a P/E/G ratio of 0.76 and a beta of 0.69. Tenaris SA has a 52 week low of $25.91 and a 52 week high of $40.64.



Tenaris (NYSE:TS) last posted its quarterly earnings data on Thursday, April 26th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.12. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.82 billion. Tenaris had a net margin of 9.58% and a return on equity of 4.95%. equities analysts forecast that Tenaris SA will post 1.35 earnings per share for the current year.

Several research analysts have recently weighed in on the stock. Cowen boosted their price objective on shares of Tenaris from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 8th. Barclays set a $46.00 price objective on shares of Tenaris and gave the stock a “buy” rating in a research note on Sunday, May 6th. ValuEngine upgraded shares of Tenaris from a “hold” rating to a “buy” rating in a research note on Tuesday, May 1st. Capital One Financial upgraded shares of Tenaris from an “equal weight” rating to an “overweight” rating in a research note on Friday, April 27th. Finally, Zacks Investment Research lowered shares of Tenaris from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.29.

Tenaris Company Profile

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.

Institutional Ownership by Quarter for Tenaris (NYSE:TS)

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