Ruffer LLP Has $6.56 Million Stock Holdings in Tenaris S.A. (NYSE:TS)

Ruffer LLP trimmed its holdings in shares of Tenaris S.A. (NYSE:TS - Free Report) by 22.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 173,666 shares of the industrial products company's stock after selling 50,670 shares during the quarter. Ruffer LLP's holdings in Tenaris were worth $6,563,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of TS. Wellington Management Group LLP increased its stake in Tenaris by 187.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,546,184 shares of the industrial products company's stock worth $80,943,000 after purchasing an additional 1,660,300 shares in the last quarter. ABC Arbitrage SA bought a new stake in Tenaris during the 4th quarter worth approximately $31,581,000. Holocene Advisors LP bought a new stake in Tenaris during the 3rd quarter worth approximately $21,454,000. FMR LLC increased its stake in Tenaris by 21.3% during the 3rd quarter. FMR LLC now owns 3,503,644 shares of the industrial products company's stock worth $111,381,000 after purchasing an additional 614,884 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in Tenaris by 102.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,050,552 shares of the industrial products company's stock worth $33,397,000 after purchasing an additional 531,860 shares in the last quarter. 10.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

TS has been the subject of a number of research reports. Kepler Capital Markets cut Tenaris from a "buy" rating to a "hold" rating in a research note on Friday, January 17th. Barclays upped their price target on Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Piper Sandler upped their price target on Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Stifel Nicolaus upped their price target on Tenaris from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, StockNews.com downgraded Tenaris from a "buy" rating to a "hold" rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $46.00.

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Tenaris Stock Down 4.1 %

Shares of NYSE TS traded down $1.54 during trading hours on Monday, hitting $35.70. The company had a trading volume of 3,839,961 shares, compared to its average volume of 1,616,406. The stock has a market capitalization of $20.75 billion, a P/E ratio of 9.89 and a beta of 1.43. Tenaris S.A. has a 1-year low of $27.24 and a 1-year high of $40.72. The firm's 50 day moving average is $38.21 and its 200-day moving average is $35.28.

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

Tenaris Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Tuesday, May 20th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This is an increase from Tenaris's previous semi-annual dividend of $0.54. Tenaris's dividend payout ratio is presently 31.02%.

Tenaris Company Profile

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.