Natixis Advisors L.P. Purchases 43,223 Shares of Tenaris S.A. (NYSE:TS)

Natixis Advisors L.P. grew its holdings in Tenaris S.A. (NYSE:TS) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 642,049 shares of the industrial products company’s stock after purchasing an additional 43,223 shares during the quarter. Natixis Advisors L.P.’s holdings in Tenaris were worth $22,317,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in shares of Tenaris by 101.5% in the 3rd quarter. Wellington Management Group LLP now owns 877,305 shares of the industrial products company’s stock valued at $27,723,000 after acquiring an additional 442,016 shares during the period. Optiver Holding B.V. bought a new stake in Tenaris during the third quarter valued at about $2,862,000. Beck Bode LLC grew its stake in Tenaris by 2.3% in the fourth quarter. Beck Bode LLC now owns 35,112 shares of the industrial products company’s stock valued at $1,220,000 after purchasing an additional 782 shares during the last quarter. Graham Capital Management L.P. bought a new position in Tenaris in the third quarter worth about $1,113,000. Finally, Pacer Advisors Inc. lifted its position in shares of Tenaris by 59.6% during the fourth quarter. Pacer Advisors Inc. now owns 525,993 shares of the industrial products company’s stock valued at $18,284,000 after buying an additional 196,331 shares during the last quarter. 10.45% of the stock is owned by hedge funds and other institutional investors.

Tenaris Stock Performance

Shares of NYSE TS opened at $33.80 on Monday. Tenaris S.A. has a fifty-two week low of $24.69 and a fifty-two week high of $40.72. The company has a market cap of $19.95 billion, a PE ratio of 5.63, a P/E/G ratio of 2.59 and a beta of 1.51. The business has a 50-day simple moving average of $37.77 and a two-hundred day simple moving average of $34.89.

Tenaris (NYSE:TS) last announced its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.03 by $0.89. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.08 billion. Tenaris had a net margin of 24.89% and a return on equity of 21.11%. On average, sell-side analysts predict that Tenaris S.A. will post 3.91 earnings per share for the current fiscal year.

Tenaris Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Tuesday, May 21st will be paid a dividend of $0.80 per share. This is an increase from Tenaris’s previous Semi-Annual dividend of $0.68. The ex-dividend date of this dividend is Monday, May 20th. Tenaris’s payout ratio is presently 13.33%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Morgan Stanley downgraded shares of Tenaris from an “overweight” rating to an “underweight” rating and set a $40.00 price objective on the stock. in a research report on Thursday, April 18th. Bank of America began coverage on shares of Tenaris in a report on Tuesday, January 16th. They issued a “neutral” rating on the stock.

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.