Tenaris's shareholders plan to sell shares while maintaining 67% ownership, responding to a share repurchase program.
Quiver AI Summary
Tenaris S.A. announced that its controlling shareholders, San Faustin S.A. and Techint Holdings S.à r.l., have filed an amendment to their Schedule 13D with the SEC, indicating their intention to sell some ordinary shares of Tenaris. This decision is a response to Tenaris's ongoing share repurchase program, which has increased San Faustin's ownership stake. The board of San Faustin authorized Techint Holdings to sell shares while maintaining at least a 67% ownership interest in Tenaris. The timing and amount of any sales will depend on market conditions, and while they have no current plans to reduce their stake below 67%, they may buy or sell shares based on market factors. The release also contains forward-looking statements regarding potential risks that could affect future results. Tenaris is a major global supplier of steel tubes for the energy sector and other industries.
Potential Positives
- Tenaris reported that its share repurchase program led to a passive increase in beneficial ownership for its indirect controlling shareholder, indicating confidence in the company's stock value.
- The board of directors of the controlling shareholder San Faustin S.A. authorized Techint Holdings to sell shares while maintaining a significant ownership stake of at least 67%, demonstrating a commitment to long-term investment stability.
- The press release clarifies the intention of the controlling shareholders not to reduce their ownership below 67%, which may foster investor confidence in Tenaris's governance structure.
Potential Negatives
- The announcement of a potential sale of shares by its controlling shareholders may create uncertainty regarding Tenaris's market stability and investor confidence, as it indicates a lack of long-term commitment to the company's stock.
- The mention of "forward-looking statements" and associated risks highlights potential vulnerabilities related to market conditions and oil and gas prices, which could concern investors about the company's future performance.
- The ambiguity surrounding the timing and amount of share sales raises concerns about the market perception of Tenaris, suggesting that any decision from the controlling shareholders could impact stock value negatively.
FAQ
What recent filing did Tenaris's shareholders make with the SEC?
Tenaris's shareholders filed an amendment to their Schedule 13D regarding their ownership stakes and share sales.
What prompted San Faustin S.A. to consider selling shares of Tenaris?
San Faustin's beneficial ownership increased due to Tenaris's ongoing share repurchase program.
What is the minimum ownership stake Techint Holdings plans to maintain in Tenaris?
Techint Holdings aims to maintain at least a 67% ownership stake in Tenaris.
Are there current plans for extraordinary corporate transactions involving Tenaris?
No, the Reporting Persons have no present plans for extraordinary corporate transactions at this time.
What does Tenaris specialize in as a company?
Tenaris is a leading global supplier of steel tubes and services for the energy industry and other industrial applications.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TS Hedge Fund Activity
We have seen 118 institutional investors add shares of $TS stock to their portfolio, and 141 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ALUA CAPITAL MANAGEMENT LP removed 2,387,363 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $89,287,376
- CITADEL ADVISORS LLC removed 2,043,503 shares (-54.3%) from their portfolio in Q2 2025, for an estimated $76,427,012
- HOLOCENE ADVISORS, LP removed 1,199,061 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $44,844,881
- MEREWETHER INVESTMENT MANAGEMENT, LP removed 760,218 shares (-58.8%) from their portfolio in Q2 2025, for an estimated $28,432,153
- MORGAN STANLEY removed 712,550 shares (-38.9%) from their portfolio in Q2 2025, for an estimated $26,649,370
- SOURCEROCK GROUP LLC added 635,817 shares (+25.9%) to their portfolio in Q2 2025, for an estimated $23,779,555
- BNP PARIBAS FINANCIAL MARKETS removed 634,840 shares (-92.9%) from their portfolio in Q2 2025, for an estimated $23,743,016
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$TS Analyst Ratings
Wall Street analysts have issued reports on $TS in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Barclays issued a "Overweight" rating on 08/07/2025
- Morgan Stanley issued a "Underweight" rating on 05/16/2025
- Stifel issued a "Buy" rating on 04/15/2025
To track analyst ratings and price targets for $TS, check out Quiver Quantitative's $TS forecast page.
$TS Price Targets
Multiple analysts have issued price targets for $TS recently. We have seen 4 analysts offer price targets for $TS in the last 6 months, with a median target of $41.0.
Here are some recent targets:
- Derek Podhaizer from Piper Sandler set a target price of $41.0 on 09/17/2025
- David Anderson from Barclays set a target price of $46.0 on 08/07/2025
- Connor Lynagh from Morgan Stanley set a target price of $34.0 on 05/16/2025
- Stephen Gengaro from Stifel set a target price of $41.0 on 04/15/2025
Full Release
LUXEMBOURG, Sept. 19, 2025 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”, or the “Company”) announced that its indirect controlling shareholder San Faustin S.A. and its direct controlling shareholder Techint Holdings S.à r.l. (the “Reporting Persons”) filed earlier today with the SEC an amendment to their Schedule 13D, reporting that, for portfolio-management purposes and in response to Tenaris’s ongoing share repurchase program causing San Faustin’s beneficial ownership interest in Tenaris to passively increase, on September 17, 2025, the board of directors of San Faustin had authorized Techint Holdings to sell a number of its ordinary shares of Tenaris, provided that Techint Holdings’ ownership stake in Tenaris should not fall below 67% of Tenaris’s total outstanding ordinary shares. The Reporting Persons stated that the precise timing, amount and manner of any such sales will depend upon market conditions and other factors, and that there is no assurance that any sales will be completed or the timing thereof. The Reporting Persons also noted that, although they do not currently intend to purchase ordinary shares or to reduce their beneficial ownership below 67% of Tenaris’s total outstanding ordinary shares, they may from time to time, depending on market conditions and other factors, purchase or sell additional ordinary shares, and that, except as described above, they do not have any present plans or proposals that relate to or would result in any extraordinary corporate transaction or lead to the acquisition of additional securities.
Some of the statements contained in this press release are “forward-looking statements”. Forward-looking statements are based on management’s current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies.
Tenaris is a leading global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications.
Giovanni Sardagna
Tenaris
1-888-300-5432
www.tenaris.com
