Quantbot Technologies LP Purchases 47,417 Shares of Tenaris S.A. $TS

Quantbot Technologies LP boosted its position in Tenaris S.A. (NYSE:TS) by 166.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,933 shares of the industrial products company’s stock after buying an additional 47,417 shares during the quarter. Quantbot Technologies LP’s holdings in Tenaris were worth $2,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Sourcerock Group LLC grew its stake in shares of Tenaris by 25.9% during the 2nd quarter. Sourcerock Group LLC now owns 3,086,075 shares of the industrial products company’s stock worth $115,419,000 after acquiring an additional 635,817 shares during the period. Optiver Holding B.V. raised its stake in Tenaris by 186.8% in the 3rd quarter. Optiver Holding B.V. now owns 905,328 shares of the industrial products company’s stock valued at $32,384,000 after acquiring an additional 589,625 shares during the period. ABC Arbitrage SA lifted its holdings in Tenaris by 252.6% during the second quarter. ABC Arbitrage SA now owns 467,268 shares of the industrial products company’s stock valued at $17,476,000 after purchasing an additional 334,755 shares during the last quarter. Jump Financial LLC bought a new position in Tenaris during the second quarter worth about $9,380,000. Finally, Cubist Systematic Strategies LLC bought a new position in Tenaris during the second quarter worth about $9,102,000. 10.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on TS shares. Barclays reissued an “overweight” rating and issued a $56.00 price target on shares of Tenaris in a research report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Tenaris in a research note on Monday, December 29th. Wall Street Zen cut shares of Tenaris from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. TD Cowen raised their price target on Tenaris from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Stifel Nicolaus lifted their price target on Tenaris from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $50.45.

Tenaris Trading Down 3.0%

Tenaris stock opened at $52.96 on Wednesday. Tenaris S.A. has a 1-year low of $30.06 and a 1-year high of $55.02. The firm has a market capitalization of $30.79 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The firm’s 50 day simple moving average is $45.17 and its 200 day simple moving average is $40.23.

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

Tenaris Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 20th. Investors of record on Tuesday, May 19th will be given a dividend of $1.20 per share. This represents a yield of 450.0%. The ex-dividend date is Tuesday, May 19th. Tenaris’s payout ratio is presently 31.78%.

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.