SG Americas Securities LLC grew its holdings in Tenaris SA (NYSE:TS) by 98.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 19,124 shares of the industrial products company’s stock after buying an additional 9,479 shares during the period. SG Americas Securities LLC’s holdings in Tenaris were worth $540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TS. Standard Life Aberdeen plc raised its position 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 valued at $236,481,000 after purchasing an additional 9,721,069 shares during the period. Millennium Management LLC raised its position in shares of Tenaris by 22.4% during the 4th quarter. Millennium Management LLC now owns 3,116,490 shares of the industrial products company’s stock valued at $66,444,000 after purchasing an additional 569,534 shares during the period. D. E. Shaw & Co. Inc. bought a new stake in shares of Tenaris during the 4th quarter valued at $40,367,000. Deutsche Bank AG raised its position 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 valued at $36,970,000 after purchasing an additional 1,707,774 shares during the period. Finally, Engadine Partners LLP bought a new stake in shares of Tenaris during the 1st quarter valued at $34,090,000. Institutional investors and hedge funds own 16.02% of the company’s stock.

Shares of NYSE TS opened at $26.80 on Thursday. 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 capitalization of $16.36 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 0.75 and a beta of 1.01. Tenaris SA has a 52-week low of $20.45 and a 52-week high of $39.04.

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

TS has been the topic of several recent analyst reports. Goldman Sachs Group downgraded shares of Tenaris from a “neutral” rating to a “sell” rating and set a $28.80 price objective on the stock. in a research report on Tuesday, March 26th. ValuEngine upgraded shares of Tenaris from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd. Zacks Investment Research upgraded shares of Tenaris from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Barclays restated a “buy” rating and set a $39.00 price objective on shares of Tenaris in a research report on Tuesday, February 26th. Finally, TheStreet upgraded shares of Tenaris from a “c+” rating to a “b-” rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $37.88.

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Tenaris 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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