Tenaris S.A. (NYSE:TS) Shares Acquired by Optiver Holding B.V.

Optiver Holding B.V. boosted its stake in shares of Tenaris S.A. (NYSE:TS - Free Report) by 83.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 499,577 shares of the industrial products company's stock after purchasing an additional 226,514 shares during the quarter. Tenaris makes up 0.0% of Optiver Holding B.V.'s investment portfolio, making the stock its 21st biggest holding. Optiver Holding B.V. owned approximately 0.09% of Tenaris worth $18,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TS. Versant Capital Management Inc purchased a new stake in Tenaris during the fourth quarter worth approximately $28,000. GAMMA Investing LLC raised its holdings in Tenaris by 140.2% during the fourth quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company's stock worth $35,000 after purchasing an additional 548 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position 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 worth $41,000 after buying an additional 478 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Tenaris in the 4th quarter valued at $42,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Tenaris by 291.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,725 shares of the industrial products company's stock valued at $65,000 after buying an additional 1,284 shares during the last quarter. Institutional investors and hedge funds own 10.45% of the company's stock.

Tenaris Price Performance

Shares of NYSE:TS traded up $0.78 during trading on Friday, reaching $33.54. The company had a trading volume of 1,635,646 shares, compared to its average volume of 1,758,364. Tenaris S.A. has a fifty-two week low of $27.24 and a fifty-two week high of $40.87. The stock's fifty day moving average price is $35.76 and its 200 day moving average price is $36.65. The firm has a market capitalization of $19.50 billion, a price-to-earnings ratio of 9.29 and a beta of 1.21.

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

Tenaris Increases Dividend

The firm also recently disclosed 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 a positive change from Tenaris's previous semi-annual dividend of $0.54. Tenaris's payout ratio is currently 34.15%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TS shares. Bank of America downgraded shares of Tenaris from a "neutral" rating to an "underperform" rating in a research note on Wednesday, January 29th. Piper Sandler upped their target price on Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. BNP Paribas assumed coverage on Tenaris in a research report on Tuesday, April 22nd. They set an "outperform" rating on the stock. Stifel Nicolaus decreased their price objective on Tenaris from $43.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Barclays lifted their target price 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.