Schonfeld Strategic Advisors LLC Takes Position in Tenaris S.A. (NYSE:TS)

Schonfeld Strategic Advisors LLC bought a new position in shares of Tenaris S.A. (NYSE:TS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,288 shares of the industrial products company's stock, valued at approximately $1,069,000.

Several other large investors have also recently bought and sold shares of the business. ABC Arbitrage SA acquired a new position in shares of Tenaris during the 4th quarter worth about $31,581,000. Carrhae Capital LLP purchased a new position in Tenaris in the fourth quarter valued at approximately $16,545,000. Marshall Wace LLP acquired a new stake in Tenaris during the fourth quarter worth approximately $16,177,000. Yaupon Capital Management LP purchased a new stake in shares of Tenaris during the 4th quarter worth approximately $12,594,000. Finally, Optiver Holding B.V. boosted its holdings in shares of Tenaris by 83.0% in the 4th quarter. Optiver Holding B.V. now owns 499,577 shares of the industrial products company's stock valued at $18,879,000 after buying an additional 226,514 shares in the last quarter. Hedge funds and other institutional investors own 10.45% of the company's stock.

Tenaris Price Performance

Tenaris stock opened at $33.01 on Thursday. The business has a 50 day simple moving average of $35.43 and a 200-day simple moving average of $36.70. Tenaris S.A. has a 12 month low of $27.24 and a 12 month high of $40.87. The stock has a market capitalization of $19.19 billion, a PE ratio of 9.14 and a beta of 1.27.

Tenaris (NYSE:TS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.94 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the prior year, the firm earned $1.27 EPS. Tenaris's quarterly revenue was down 15.1% on a year-over-year basis. As a group, equities research analysts anticipate 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. Investors of record on Tuesday, May 20th will be given a $0.56 dividend. The ex-dividend date is Tuesday, May 20th. This is an increase from Tenaris's previous semi-annual dividend of $0.54. Tenaris's dividend payout ratio (DPR) is presently 34.15%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Bank of America cut shares of Tenaris from a "neutral" rating to an "underperform" rating in a research report on Wednesday, January 29th. Piper Sandler raised their price target on Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Barclays set a $48.00 price objective on Tenaris and gave the company an "overweight" rating in a research note on Tuesday. BNP Paribas began coverage on shares of Tenaris in a research report on Tuesday, April 22nd. They set an "outperform" rating on the stock. Finally, StockNews.com upgraded shares of Tenaris from a "hold" rating to a "buy" rating in a research note on Monday. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $46.50.

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.

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