Dimensional Fund Advisors LP Grows Stock Holdings in Tenaris S.A. (NYSE:TS)

Dimensional Fund Advisors LP increased its holdings in Tenaris S.A. (NYSE:TS - Free Report) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 419,081 shares of the industrial products company's stock after acquiring an additional 15,790 shares during the period. Dimensional Fund Advisors LP owned approximately 0.07% of Tenaris worth $15,837,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TS. ABC Arbitrage SA acquired a new stake in shares of Tenaris in the fourth quarter valued at $31,581,000. Medina Value Partners LLC raised its stake in shares of Tenaris by 34.7% in the fourth quarter. Medina Value Partners LLC now owns 566,013 shares of the industrial products company's stock valued at $21,390,000 after acquiring an additional 145,945 shares in the last quarter. Assetmark Inc. raised its stake in shares of 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 in the last quarter. Carrhae Capital LLP acquired a new stake in shares of Tenaris in the fourth quarter valued at $16,545,000. Finally, Marshall Wace LLP acquired a new stake in shares of Tenaris in the fourth quarter valued at $16,177,000. 10.45% of the stock is currently owned by institutional investors and hedge funds.

Tenaris Stock Performance

Shares of TS stock traded up $0.66 during mid-day trading on Monday, hitting $34.71. 1,515,703 shares of the stock were exchanged, compared to its average volume of 1,759,847. The stock's fifty day simple moving average is $35.32 and its two-hundred day simple moving average is $36.80. The stock has a market capitalization of $20.18 billion, a price-to-earnings ratio of 9.61 and a beta of 1.27. Tenaris S.A. has a 12-month low of $27.24 and a 12-month high of $40.87.

Tenaris (NYSE:TS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.14. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter last year, the company posted $1.27 earnings per share. The business's quarterly revenue was down 15.1% compared to the same quarter last year. On average, research analysts expect that Tenaris S.A. will post 3.14 earnings per share for the current fiscal year.

Tenaris Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, May 21st. Investors 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 positive change from Tenaris's previous semi-annual dividend of $0.54. Tenaris's dividend payout ratio (DPR) is currently 68.29%.

Analyst Ratings Changes

Several analysts have recently issued reports on TS shares. StockNews.com upgraded Tenaris from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. BNP Paribas assumed coverage on Tenaris in a research note on Tuesday, April 22nd. They issued an "outperform" rating on the stock. Bank of America cut Tenaris from a "neutral" rating to an "underperform" rating in a research note on Wednesday, January 29th. Barclays set a $48.00 price target on Tenaris and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Finally, Kepler Capital Markets cut Tenaris from a "buy" rating to a "hold" rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Tenaris currently has an average rating of "Moderate Buy" and a consensus 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.