BNP Paribas Financial Markets Acquires 255,327 Shares of Tenaris S.A. (NYSE:TS)

BNP Paribas Financial Markets lifted its stake in Tenaris S.A. (NYSE:TS - Free Report) by 502.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 306,146 shares of the industrial products company's stock after purchasing an additional 255,327 shares during the period. BNP Paribas Financial Markets owned 0.05% of Tenaris worth $11,569,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TS. ABC Arbitrage SA bought a new stake in Tenaris in the fourth quarter valued at approximately $31,581,000. Medina Value Partners LLC raised its stake in Tenaris by 34.7% during the 4th quarter. Medina Value Partners LLC now owns 566,013 shares of the industrial products company's stock worth $21,390,000 after buying an additional 145,945 shares during the period. Optiver Holding B.V. lifted its holdings in Tenaris by 83.0% during the fourth quarter. Optiver Holding B.V. now owns 499,577 shares of the industrial products company's stock worth $18,879,000 after acquiring an additional 226,514 shares in the last quarter. Assetmark Inc. grew its stake in Tenaris by 0.8% in the fourth quarter. Assetmark Inc. now owns 443,185 shares of the industrial products company's stock valued at $16,748,000 after acquiring an additional 3,632 shares during the period. Finally, Carrhae Capital LLP bought a new stake in shares of Tenaris in the fourth quarter worth about $16,545,000. 10.45% of the stock is owned by institutional investors and hedge funds.

Tenaris Stock Performance

Shares of TS stock opened at $34.06 on Friday. The firm's 50-day moving average is $35.32 and its 200-day moving average is $36.76. The stock has a market cap of $19.80 billion, a price-to-earnings ratio of 9.43 and a beta of 1.27. Tenaris S.A. has a 52-week low of $27.24 and a 52-week high of $40.87.

Tenaris (NYSE:TS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.80 by $0.14. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.88 billion. Tenaris had a net margin of 16.26% and a return on equity of 11.76%. The company's quarterly revenue was down 15.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.27 earnings per share. Sell-side analysts predict that Tenaris S.A. will post 3.14 EPS for the current fiscal year.

Tenaris Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.56 per share. 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 presently 34.15%.

Wall Street Analysts Forecast Growth

TS has been the topic of several recent analyst reports. Bank of America cut Tenaris from a "neutral" rating to an "underperform" rating in a report on Wednesday, January 29th. Piper Sandler lifted their price target on shares of Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Stifel Nicolaus lowered their price objective on shares of Tenaris from $43.00 to $41.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. StockNews.com raised shares of Tenaris from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Finally, BNP Paribas assumed coverage on Tenaris in a research report on Tuesday, April 22nd. They set an "outperform" rating for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.50.

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.

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