Caxton Associates LP Acquires New Holdings in Tenaris S.A. (NYSE:TS)

Caxton Associates LP acquired a new stake in Tenaris S.A. (NYSE:TS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 18,000 shares of the industrial products company's stock, valued at approximately $680,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of TS. Yaupon Capital Management LP bought a new stake in Tenaris during the 4th quarter worth about $12,594,000. Invesco Ltd. bought a new stake in shares of Tenaris during the 4th quarter valued at $3,141,000. Crossmark Global Holdings Inc. grew its stake in shares of Tenaris by 61.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 35,111 shares of the industrial products company's stock worth $1,327,000 after purchasing an additional 13,374 shares during the period. GAMMA Investing LLC increased its holdings in Tenaris by 140.2% in the fourth 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 during the last quarter. Finally, ABC Arbitrage SA acquired a new position in shares of Tenaris during the 4th quarter worth about $31,581,000. Institutional investors and hedge funds own 10.45% of the company's stock.

Tenaris Trading Up 1.3%

Shares of NYSE:TS traded up $0.46 during trading on Monday, hitting $34.51. 484,059 shares of the company were exchanged, compared to its average volume of 1,668,841. The stock has a market cap of $20.06 billion, a price-to-earnings ratio of 9.56 and a beta of 1.27. Tenaris S.A. has a fifty-two week low of $27.24 and a fifty-two week high of $40.87. The firm has a fifty day moving average price of $35.32 and a two-hundred day moving average price of $36.80.

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

Tenaris Increases Dividend

The company 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 dividend of $0.56 per share. The ex-dividend date is Tuesday, May 20th. This is a boost from Tenaris's previous semi-annual dividend of $0.54. Tenaris's payout ratio is currently 68.29%.

Analyst Upgrades and Downgrades

TS has been the topic of a number of recent analyst reports. Kepler Capital Markets cut shares of Tenaris from a "buy" rating to a "hold" rating in a research report on Friday, January 17th. StockNews.com upgraded Tenaris from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Piper Sandler upped their price target on shares of Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. BNP Paribas started coverage on shares of Tenaris in a research report on Tuesday, April 22nd. They set an "outperform" rating for the company. Finally, Stifel Nicolaus cut their price objective on shares of Tenaris from $43.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Tenaris currently has a consensus rating of "Moderate Buy" and an average price target of $46.50.

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.