Tenaris S.A. (NYSE:TS) Holdings Lowered by Bank of Montreal Can

Bank of Montreal Can trimmed its holdings in shares of Tenaris S.A. (NYSE:TS - Free Report) by 89.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,304 shares of the industrial products company's stock after selling 46,666 shares during the period. Bank of Montreal Can's holdings in Tenaris were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Exencial Wealth Advisors LLC boosted its position in Tenaris by 0.5% in the 4th quarter. Exencial Wealth Advisors LLC now owns 50,404 shares of the industrial products company's stock valued at $1,905,000 after buying an additional 270 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Tenaris by 2.3% in the fourth quarter. Signaturefd LLC now owns 18,647 shares of the industrial products company's stock worth $705,000 after acquiring an additional 418 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Tenaris by 78.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 478 shares during the last quarter. Ballentine Partners LLC grew its stake in Tenaris by 6.1% during the 4th quarter. Ballentine Partners LLC now owns 8,928 shares of the industrial products company's stock valued at $337,000 after purchasing an additional 516 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Tenaris by 140.2% during the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company's stock worth $35,000 after purchasing an additional 548 shares during the last quarter. 10.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. StockNews.com lowered shares of Tenaris from a "buy" rating to a "hold" rating in a research note on Saturday, March 22nd. Kepler Capital Markets downgraded shares of Tenaris from a "buy" rating to a "hold" rating in a research report on Friday, January 17th. Bank of America cut shares of Tenaris from a "neutral" rating to an "underperform" rating in a research report on Wednesday, January 29th. Stifel Nicolaus cut their price objective on Tenaris from $43.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Barclays lifted their target price on Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.00.

Tenaris Stock Up 0.0 %

TS stock traded up $0.01 during mid-day trading on Tuesday, reaching $33.76. The company had a trading volume of 2,009,629 shares, compared to its average volume of 1,760,998. Tenaris S.A. has a one year low of $27.24 and a one year high of $40.87. The stock has a market capitalization of $19.63 billion, a P/E ratio of 9.35 and a beta of 1.21. The stock's 50-day simple moving average is $36.04 and its two-hundred day simple moving average is $36.69.

Tenaris (NYSE:TS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.31. Tenaris had a net margin of 16.26% and a return on equity of 11.76%. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.71 billion. On average, research analysts forecast that Tenaris S.A. will post 3.14 EPS for the current fiscal year.

Tenaris Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, May 21st. Investors of record on Tuesday, May 20th will be given a $0.56 dividend. This is a boost from Tenaris's previous semi-annual dividend of $0.54. The ex-dividend date is Tuesday, May 20th. Tenaris's dividend payout ratio (DPR) is currently 31.02%.

About Tenaris

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.