Assetmark Inc. Buys 10,986 Shares of Tenaris S.A. $TS

Assetmark Inc. lifted its position in Tenaris S.A. (NYSE:TS) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 480,215 shares of the industrial products company’s stock after buying an additional 10,986 shares during the quarter. Assetmark Inc. owned about 0.08% of Tenaris worth $17,177,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TS. Caprock Group LLC bought a new position in shares of Tenaris in the 3rd quarter valued at about $563,000. ABC Arbitrage SA grew its holdings in Tenaris by 65.9% during the third quarter. ABC Arbitrage SA now owns 775,204 shares of the industrial products company’s stock worth $27,729,000 after purchasing an additional 307,936 shares during the period. Flagship Harbor Advisors LLC acquired a new position in Tenaris during the third quarter worth approximately $214,000. Savant Capital LLC raised its stake in Tenaris by 29.0% in the third quarter. Savant Capital LLC now owns 14,309 shares of the industrial products company’s stock valued at $512,000 after buying an additional 3,220 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in Tenaris by 159.6% in the third quarter. Hantz Financial Services Inc. now owns 9,409 shares of the industrial products company’s stock valued at $337,000 after buying an additional 5,785 shares during the period. 10.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TS has been the topic of a number of recent analyst reports. TD Cowen reissued a “buy” rating on shares of Tenaris in a report on Wednesday, January 7th. Oddo Bhf raised shares of Tenaris to an “outperform” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tenaris in a report on Monday, December 29th. Wall Street Zen cut shares of Tenaris from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Stifel Nicolaus lifted their target price on shares of Tenaris from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $42.72.

Tenaris Price Performance

TS stock opened at $48.76 on Friday. Tenaris S.A. has a fifty-two week low of $30.06 and a fifty-two week high of $48.83. The stock has a market capitalization of $28.35 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 12.87 and a beta of 0.95. The business’s fifty day moving average price is $42.03 and its two-hundred day moving average price is $38.76.

Tenaris Company Profile

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.