Crossmark Global Holdings Inc. Has $600,000 Position in Tenaris SA (TS)

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Crossmark Global Holdings Inc. cut its stake in shares of Tenaris SA (NYSE:TS) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,136 shares of the industrial products company’s stock after selling 2,219 shares during the period. Crossmark Global Holdings Inc.’s holdings in Tenaris were worth $600,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Glenmede Trust Co. NA bought a new stake in Tenaris during the third quarter worth about $133,000. Quadrant Capital Group LLC raised its holdings in Tenaris by 271.0% during the fourth quarter. Quadrant Capital Group LLC now owns 6,690 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 4,887 shares in the last quarter. Moody National Bank Trust Division bought a new stake in Tenaris during the third quarter worth about $180,000. Seven Eight Capital LP bought a new stake in Tenaris during the third quarter worth about $229,000. Finally, Virtu Financial LLC bought a new stake in Tenaris during the fourth quarter worth about $260,000.

NYSE:TS opened at $25.91 on Thursday. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 0.44 and a beta of 0.95. Tenaris SA has a 12-month low of $20.45 and a 12-month high of $40.64.

Several analysts recently issued reports on TS shares. Zacks Investment Research upgraded Tenaris from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, January 22nd. ValuEngine lowered Tenaris from a “hold” rating to a “sell” rating in a report on Friday, November 23rd. Barclays reiterated a “buy” rating and set a $44.00 target price on shares of Tenaris in a report on Friday, January 18th. UBS Group dropped their target price on Tenaris from $40.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, December 7th. Finally, Citigroup upgraded Tenaris from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Friday, January 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. Tenaris presently has an average rating of “Buy” and a consensus price target of $39.27.

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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.

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Institutional Ownership by Quarter for Tenaris (NYSE:TS)

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