428,083 Shares in Tenaris S.A. (NYSE:TS) Acquired by Marshall Wace LLP

Marshall Wace LLP acquired a new stake in shares of Tenaris S.A. (NYSE:TS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 428,083 shares of the industrial products company's stock, valued at approximately $16,177,000. Marshall Wace LLP owned approximately 0.07% of Tenaris as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Crossmark Global Holdings Inc. increased its holdings in Tenaris by 61.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 35,111 shares of the industrial products company's stock worth $1,327,000 after buying an additional 13,374 shares during the period. GAMMA Investing LLC raised its stake in shares of Tenaris by 140.2% during the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company's stock valued at $35,000 after buying an additional 548 shares during the last quarter. ABC Arbitrage SA acquired a new position in shares of Tenaris in the 4th quarter valued at about $31,581,000. Proficio Capital Partners LLC purchased a new stake in shares of Tenaris in the fourth quarter worth about $968,000. Finally, Carrhae Capital LLP acquired a new position in Tenaris in the fourth quarter valued at approximately $16,545,000. 10.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TS. Stifel Nicolaus lowered their price target on shares of Tenaris from $43.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. BNP Paribas assumed coverage on Tenaris in a report on Tuesday. They issued an "outperform" rating on the stock. StockNews.com lowered shares of Tenaris from a "buy" rating to a "hold" rating in a report 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. Finally, Piper Sandler lifted their price objective on Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $47.00.

Tenaris Stock Performance

Shares of TS traded down $0.21 during mid-day trading on Wednesday, hitting $32.98. 2,332,818 shares of the company's stock were exchanged, compared to its average volume of 1,791,386. Tenaris S.A. has a fifty-two week low of $27.24 and a fifty-two week high of $40.87. The company has a market cap of $19.17 billion, a price-to-earnings ratio of 9.13 and a beta of 1.21. The stock's 50-day moving average is $36.36 and its 200-day moving average is $36.59.

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

Tenaris Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.56 per share. This is an increase from Tenaris's previous semi-annual dividend of $0.54. The ex-dividend date of this dividend is Tuesday, May 20th. Tenaris's payout ratio is 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.