Marshall Wace LLP Takes $16.18 Million Position in Tenaris S.A. (NYSE:TS)

Marshall Wace LLP acquired a new stake in shares of Tenaris S.A. (NYSE:TS - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 428,083 shares of the industrial products company's stock, valued at approximately $16,177,000. Marshall Wace LLP owned approximately 0.07% of Tenaris as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Exencial Wealth Advisors LLC grew its position in shares of Tenaris by 0.5% in the 4th quarter. Exencial Wealth Advisors LLC now owns 50,404 shares of the industrial products company's stock worth $1,905,000 after buying an additional 270 shares during the last quarter. Signaturefd LLC grew its holdings in Tenaris by 2.3% in the fourth quarter. Signaturefd LLC now owns 18,647 shares of the industrial products company's stock worth $705,000 after purchasing an additional 418 shares during the last quarter. Covestor Ltd increased its position in shares of Tenaris by 37.2% during the fourth quarter. Covestor Ltd now owns 1,729 shares of the industrial products company's stock worth $65,000 after purchasing an additional 469 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Tenaris by 78.9% during 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 during the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of Tenaris by 6.1% in the 4th quarter. Ballentine Partners LLC now owns 8,928 shares of the industrial products company's stock worth $337,000 after purchasing an additional 516 shares in the last quarter. 10.45% of the stock is owned by hedge funds and other institutional investors.

Tenaris Trading Up 0.8 %

NYSE TS traded up $0.27 on Friday, hitting $33.69. 1,108,967 shares of the company's stock traded hands, compared to its average volume of 1,782,133. The firm has a market capitalization of $19.59 billion, a PE ratio of 9.33 and a beta of 1.21. Tenaris S.A. has a 1-year low of $27.24 and a 1-year high of $40.87. The firm's 50-day moving average price is $36.14 and its two-hundred day moving average price is $36.62.

Tenaris (NYSE:TS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.63 by $0.31. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.71 billion. Tenaris had a net margin of 16.26% and a return on equity of 11.76%. On average, research analysts anticipate 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. Shareholders of record on Tuesday, May 20th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This is an increase from Tenaris's previous semi-annual dividend of $0.54. Tenaris's payout ratio is presently 31.02%.

Wall Street Analysts Forecast Growth

TS has been the subject of a number of research analyst reports. Kepler Capital Markets cut Tenaris from a "buy" rating to a "hold" rating in a research note on Friday, January 17th. Piper Sandler increased their price objective on shares of Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. StockNews.com downgraded shares of Tenaris from a "buy" rating to a "hold" rating in a research report on Saturday, March 22nd. BNP Paribas assumed coverage on shares of Tenaris in a report on Tuesday. They issued an "outperform" rating for the company. Finally, Barclays boosted their price objective on shares of Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $47.00.

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.