Tenaris's Majority Shareholder Submits Revised Schedule 13D Due to Ongoing Share Buyback Initiative
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 19 2025
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Should l Buy TS?
Source: Newsfilter
Shareholder Actions: Tenaris's controlling shareholders, San Faustin S.A. and Techint Holdings S.à r.l., filed an amendment with the SEC indicating plans to sell some ordinary shares while maintaining at least a 67% ownership stake in Tenaris due to the company's share repurchase program.
Market Conditions Impact: The timing and amount of any share sales will depend on market conditions, and while there are no current plans for extraordinary corporate transactions, the shareholders may buy or sell additional shares in the future based on market factors.
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Analyst Views on TS
Wall Street analysts forecast TS stock price to fall
6 Analyst Rating
3 Buy
2 Hold
1 Sell
Moderate Buy
Current: 47.080
Low
36.00
Averages
43.43
High
48.00
Current: 47.080
Low
36.00
Averages
43.43
High
48.00
About TS
Tenaris S.A. 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. It operates in geographical areas, such as North America, South America, Europe, Middle East and Africa, and Asia Pacific. Its products and services include OCTG, Premium Connections, Rig Direct, Offshore Line Pipe, Onshore Line Pipe, Hydrocarbon Processing, Power Generation, Sucker Rods, Coiled Tubing, Industrial and Mechanical, and Automotive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Vessel Calls Decline: Despite the increase in cargo and passenger numbers, vessel calls decreased by 4.8%, suggesting that while the port is accommodating larger vessels, there is a need to optimize navigation efficiency to enhance overall operational capacity.
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See More
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- Passenger Increase: The number of passengers reached 1.9 million in the same period, up 0.9%, with the rise in cruise passengers being a key driver, showcasing the port's ongoing appeal in the tourism sector.
- Vessel Call Dynamics: Although the number of vessel calls decreased by 4.8%, the larger size of visiting ships indicates an enhanced capacity to handle bigger vessels, which aids in optimizing operational efficiency.
- Annual Performance Overview: For the full year 2025, Tallinna Sadam handled nearly 14 million tonnes of cargo and over 8 million passengers, marking increases of 5.1% and 1.0% respectively, demonstrating a sustained growth trend in both freight and passenger operations.
See More
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- Banking Sector Dynamics: Liechtensteinische Landesbank, valued at CHF 2.65 billion, offers a dividend yield of 3.2% with a payout ratio of 50.8%, indicating earnings coverage and reflecting a solid foundation amidst strategic leadership transitions.
See More
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- Buyback Proportion Increase: As of December 17, 2025, Tenaris has repurchased ordinary shares amounting to 5.07% of its voting rights under its buyback program, which is expected to enhance earnings per share and increase shareholder value.
- Share Cancellation Plan: The repurchased ordinary shares will be held in treasury with voting rights suspended and will be canceled in due course, thereby reducing the number of shares outstanding and further enhancing shareholder control.
- Controlling Shareholder Activity: On December 12, 2025, Tenaris's controlling shareholders, San Faustin S.A. and Techint Holdings S.à r.l., sold 2.6 million ordinary shares under a non-discretionary sales mandate, reflecting a strategic approach to managing market liquidity.
- Accelerated Disposal Agreement: Techint Holdings entered into an accelerated share disposal agreement with a European financial institution to sell up to 21 million shares from December 15, 2025, to May 19, 2026, aimed at optimizing its investment portfolio and responding to market fluctuations.
See More
