Tenaris S.A. $TS Shares Sold by UBS Group AG

UBS Group AG decreased its holdings in shares of Tenaris S.A. (NYSE:TS) by 17.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 222,732 shares of the industrial products company’s stock after selling 46,790 shares during the quarter. UBS Group AG’s holdings in Tenaris were worth $8,564,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TS. Sourcerock Group LLC boosted its stake in shares of Tenaris by 25.9% during the second quarter. Sourcerock Group LLC now owns 3,086,075 shares of the industrial products company’s stock worth $115,419,000 after buying an additional 635,817 shares during the period. Optiver Holding B.V. boosted its stake in shares of Tenaris by 186.8% during the third quarter. Optiver Holding B.V. now owns 905,328 shares of the industrial products company’s stock worth $32,384,000 after buying an additional 589,625 shares during the period. ABC Arbitrage SA boosted its stake in shares of Tenaris by 65.9% during the third quarter. ABC Arbitrage SA now owns 775,204 shares of the industrial products company’s stock worth $27,729,000 after buying an additional 307,936 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Tenaris during the second quarter worth about $9,102,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Tenaris during the third quarter worth about $8,618,000. Institutional investors and hedge funds own 10.45% of the company’s stock.

Tenaris Trading Up 0.0%

Shares of Tenaris stock opened at $61.79 on Monday. Tenaris S.A. has a 12-month low of $32.00 and a 12-month high of $64.33. The stock has a market cap of $33.12 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.53 and a beta of 0.85. The company has a 50-day moving average of $58.73 and a two-hundred day moving average of $48.51.

Tenaris (NYSE:TS) last issued its earnings results on Thursday, May 7th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.20. Tenaris had a net margin of 16.17% and a return on equity of 11.53%. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the company posted $0.94 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts forecast that Tenaris S.A. will post 3.59 EPS for the current fiscal year.

Tenaris Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Tuesday, May 19th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a yield of 450.0%. Tenaris’s dividend payout ratio (DPR) is 30.69%.

Analysts Set New Price Targets

TS has been the subject of several recent research reports. Morgan Stanley reiterated an “underweight” rating and set a $53.00 target price on shares of Tenaris in a research note on Thursday. Stifel Nicolaus raised their price objective on shares of Tenaris from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Oddo Bhf upgraded shares of Tenaris to an “outperform” rating in a research report on Thursday, February 5th. Wall Street Zen downgraded shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, Weiss Ratings upgraded shares of Tenaris from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.45.

Tenaris Company 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.