Wetherby Asset Management Inc. Has $372,000 Position in Tenaris S.A. (TS)

Wetherby Asset Management Inc. increased its stake in shares of Tenaris S.A. (NYSE:TS) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,414 shares of the company’s stock after buying an additional 542 shares during the period. Wetherby Asset Management Inc.’s holdings in Tenaris were worth $372,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Ameriprise Financial Inc. increased its stake in Tenaris by 1.2% in the second quarter. Ameriprise Financial Inc. now owns 23,307 shares of the company’s stock valued at $672,000 after buying an additional 281 shares during the last quarter. Independent Portfolio Consultants Inc. increased its stake in Tenaris by 5.2% in the third quarter. Independent Portfolio Consultants Inc. now owns 5,945 shares of the company’s stock valued at $169,000 after buying an additional 295 shares during the last quarter. Advisor Group Inc. increased its stake in Tenaris by 16.0% in the third quarter. Advisor Group Inc. now owns 4,789 shares of the company’s stock valued at $136,000 after buying an additional 662 shares during the last quarter. Ngam Advisors L.P. increased its stake in Tenaris by 5.3% in the third quarter. Ngam Advisors L.P. now owns 15,083 shares of the company’s stock valued at $428,000 after buying an additional 765 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Tenaris by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 436,184 shares of the company’s stock valued at $12,388,000 after buying an additional 1,533 shares during the last quarter. Hedge funds and other institutional investors own 16.47% of the company’s stock.

Institutional Ownership by Quarter for Tenaris (NYSE:TS)

Tenaris S.A. (NYSE:TS) traded up 0.82% during mid-day trading on Monday, reaching $34.38. The company’s stock had a trading volume of 831,370 shares. The company’s market cap is $20.29 billion. The firm’s 50 day moving average is $35.53 and its 200-day moving average is $30.76. Tenaris S.A. has a 12-month low of $19.44 and a 12-month high of $37.21.

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TS has been the subject of a number of recent research reports. Guggenheim restated a “buy” rating on shares of Tenaris in a research note on Wednesday, December 7th. Zacks Investment Research upgraded Tenaris from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Tuesday, January 24th. J P Morgan Chase & Co upgraded Tenaris from an “underweight” rating to a “neutral” rating and set a $35.00 price target for the company in a research note on Thursday, January 19th. Morgan Stanley upgraded Tenaris from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 31st. Finally, Simmons upgraded Tenaris from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $33.29.

Tenaris Company Profile

Tenaris SA is a holding company, which is a supplier of steel pipe products and related services for energy industry and other industrial applications. The Company 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 used in drilling operations, and for other industrial applications with production processes.

5 Day Chart for NYSE:TS

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