Tenaris S.A. (NYSE:TS) Stake Cut by Trexquant Investment LP

Trexquant Investment LP cut its stake in shares of Tenaris S.A. (NYSE:TS - Free Report) by 83.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,542 shares of the industrial products company's stock after selling 117,238 shares during the period. Trexquant Investment LP's holdings in Tenaris were worth $890,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in Tenaris during the fourth quarter valued at about $28,000. GAMMA Investing LLC lifted its stake in shares of Tenaris by 140.2% in the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 548 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Tenaris by 78.9% in the 4th 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 in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Tenaris during the 4th quarter worth about $42,000. Finally, Smartleaf Asset Management LLC increased its position in Tenaris by 291.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,725 shares of the industrial products company's stock worth $65,000 after purchasing an additional 1,284 shares in the last quarter. 10.45% of the stock is currently owned by institutional investors and hedge funds.

Tenaris Stock Up 0.3 %

Shares of Tenaris stock traded up $0.09 during trading hours on Tuesday, hitting $32.06. 852,949 shares of the company's stock traded hands, compared to its average volume of 1,787,365. Tenaris S.A. has a twelve month low of $27.24 and a twelve month high of $40.87. The company has a market cap of $18.64 billion, a PE ratio of 8.88 and a beta of 1.21. The stock has a 50 day simple moving average of $37.18 and a 200-day simple moving average of $36.63.

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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 analysts' consensus estimates of $0.63 by $0.31. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.71 billion. As a group, equities research analysts predict that Tenaris S.A. will post 3.14 EPS for the current year.

Tenaris Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. StockNews.com lowered Tenaris from a "buy" rating to a "hold" rating in a research report on Saturday, March 22nd. Piper Sandler upped their target price on Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Kepler Capital Markets lowered Tenaris from a "buy" rating to a "hold" rating in a research note on Friday, January 17th. Finally, Bank of America lowered Tenaris from a "neutral" rating to an "underperform" rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $45.60.

Tenaris 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.