Keybank National Association OH lessened its position in Tenaris S.A. (NYSE:TS) by 5.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,564 shares of the industrial products company’s stock after selling 1,094 shares during the period. Keybank National Association OH’s holdings in Tenaris were worth $609,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of TS. BNP Paribas Arbitrage SA boosted its stake in shares of Tenaris by 41.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,200 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 2,400 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Tenaris by 1.1% in the 1st quarter. Sei Investments Co. now owns 228,176 shares of the industrial products company’s stock valued at $7,790,000 after purchasing an additional 2,395 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Tenaris by 19.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,167 shares of the industrial products company’s stock valued at $825,000 after purchasing an additional 3,961 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Tenaris by 1.8% in the 1st quarter. Ameriprise Financial Inc. now owns 33,999 shares of the industrial products company’s stock valued at $1,161,000 after purchasing an additional 608 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Tenaris by 2.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 286,864 shares of the industrial products company’s stock valued at $9,794,000 after purchasing an additional 6,197 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

Tenaris S.A. (TS) opened at 27.70 on Friday. The firm has a market capitalization of $16.35 billion, a P/E ratio of 49.46 and a beta of 0.64. The firm’s 50-day moving average is $28.50 and its 200-day moving average is $31.02. Tenaris S.A. has a 52-week low of $25.19 and a 52-week high of $37.21.

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Several equities research analysts have recently commented on TS shares. Loop Capital upgraded shares of Tenaris from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Wednesday, May 17th. Morgan Stanley reduced their price target on shares of Tenaris from $44.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 21st. Simmons reiterated an “overweight” rating and set a $35.50 price target (down previously from $39.00) on shares of Tenaris in a research report on Wednesday, June 21st. BidaskClub upgraded shares of Tenaris from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Cowen and Company reiterated a “hold” rating and set a $30.00 price target on shares of Tenaris in a research report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $35.35.

Tenaris Profile

Tenaris SA is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products.

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Institutional Ownership by Quarter for Tenaris (NYSE:TS)

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