Tenaris S.A. (NYSE:TS) is Westwood Global Investments LLC's 2nd Largest Position

Westwood Global Investments LLC cut its holdings in Tenaris S.A. (NYSE:TS - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,761,906 shares of the industrial products company's stock after selling 63,643 shares during the period. Tenaris makes up approximately 13.5% of Westwood Global Investments LLC's portfolio, making the stock its 2nd biggest position. Westwood Global Investments LLC owned approximately 1.48% of Tenaris worth $304,564,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Greenleaf Trust acquired a new stake in Tenaris in the fourth quarter worth $210,000. West Family Investments Inc. acquired a new stake in shares of Tenaris in the 4th quarter valued at about $218,000. Dana Investment Advisors Inc. bought a new stake in Tenaris in the 4th quarter valued at about $265,000. Ballentine Partners LLC raised its stake in Tenaris by 8.0% during the 4th quarter. Ballentine Partners LLC now owns 8,089 shares of the industrial products company's stock worth $281,000 after buying an additional 600 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Tenaris by 19.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 9,946 shares of the industrial products company's stock worth $314,000 after acquiring an additional 1,643 shares in the last quarter. 10.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Piper Sandler decreased their price objective on Tenaris from $49.00 to $43.00 and set an "overweight" rating for the company in a report on Monday, May 6th. Morgan Stanley lowered shares of Tenaris from an "overweight" rating to an "underweight" rating and set a $40.00 price target for the company. in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $41.60.

Tenaris Stock Performance

Shares of Tenaris stock traded down $0.03 on Friday, hitting $35.10. The company had a trading volume of 851,043 shares, compared to its average volume of 2,080,469. The stock has a market capitalization of $20.41 billion, a price-to-earnings ratio of 5.85, a P/E/G ratio of 2.70 and a beta of 1.51. Tenaris S.A. has a 1 year low of $24.69 and a 1 year high of $40.72. The stock has a 50 day moving average of $37.41 and a 200-day moving average of $35.04.

Tenaris (NYSE:TS - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.23. The business had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.34 billion. Tenaris had a return on equity of 21.11% and a net margin of 24.89%. Equities analysts anticipate that Tenaris S.A. will post 3.89 earnings per share for the current year.

Tenaris Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, May 22nd. Investors of record on Tuesday, May 21st will be given a dividend of $0.80 per share. This is a positive change from Tenaris's previous Semi-Annual dividend of $0.68. The ex-dividend date is Monday, May 20th. Tenaris's dividend payout ratio (DPR) is presently 26.67%.

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.