Optiver Holding B.V. Raises Stake in Tenaris S.A. $TS

Optiver Holding B.V. increased its stake in Tenaris S.A. (NYSE:TS) by 186.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 905,328 shares of the industrial products company’s stock after acquiring an additional 589,625 shares during the quarter. Optiver Holding B.V.’s holdings in Tenaris were worth $32,384,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in Tenaris by 14.3% in the 1st quarter. AQR Capital Management LLC now owns 23,662 shares of the industrial products company’s stock valued at $925,000 after buying an additional 2,969 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Tenaris during the first quarter worth approximately $203,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Tenaris during the first quarter valued at approximately $5,458,000. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Tenaris by 3.8% in the second quarter. Ashton Thomas Private Wealth LLC now owns 29,511 shares of the industrial products company’s stock valued at $1,104,000 after purchasing an additional 1,080 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Tenaris by 1,547.3% in the second quarter. Hantz Financial Services Inc. now owns 3,624 shares of the industrial products company’s stock valued at $136,000 after purchasing an additional 3,404 shares during the period. Institutional investors own 10.45% of the company’s stock.

Tenaris Stock Performance

Shares of Tenaris stock opened at $54.08 on Wednesday. The company has a market capitalization of $31.44 billion, a PE ratio of 14.82, a P/E/G ratio of 1.91 and a beta of 0.95. The company has a 50-day simple moving average of $43.60 and a two-hundred day simple moving average of $39.58. Tenaris S.A. has a one year low of $30.06 and a one year high of $54.60.

Tenaris (NYSE:TS) last released its quarterly earnings results on Thursday, February 19th. The industrial products company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Tenaris had a net margin of 16.13% and a return on equity of 11.32%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period last year, the business earned $0.94 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. On average, equities analysts predict that Tenaris S.A. will post 3.14 earnings per share for the current fiscal year.

Tenaris Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Tuesday, May 19th will be paid a $1.20 dividend. This represents a yield of 450.0%. The ex-dividend date is Tuesday, May 19th. Tenaris’s dividend payout ratio (DPR) is 31.78%.

Analyst Upgrades and Downgrades

TS has been the topic of several research reports. Stifel Nicolaus raised their price objective on Tenaris from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Monday. The Goldman Sachs Group reissued a “neutral” rating and set a $49.70 price target on shares of Tenaris in a research report on Monday. Barclays restated an “overweight” rating and set a $56.00 price target on shares of Tenaris in a research note on Monday. Morgan Stanley upped their price objective on shares of Tenaris from $38.00 to $40.00 and gave the stock an “underweight” rating in a research note on Monday. Finally, Oddo Bhf upgraded shares of Tenaris to an “outperform” rating in a report on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.45.

Tenaris 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.