Medina Value Partners LLC Buys 145,945 Shares of Tenaris S.A. (NYSE:TS)

Medina Value Partners LLC grew its holdings in shares of Tenaris S.A. (NYSE:TS - Free Report) by 34.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 566,013 shares of the industrial products company's stock after buying an additional 145,945 shares during the quarter. Tenaris accounts for about 8.8% of Medina Value Partners LLC's investment portfolio, making the stock its 3rd largest holding. Medina Value Partners LLC owned about 0.10% of Tenaris worth $21,390,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TS. Exencial Wealth Advisors LLC increased 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 purchasing an additional 270 shares during the last quarter. Signaturefd LLC grew its stake 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 in the last quarter. Covestor Ltd increased its holdings in Tenaris by 37.2% in the fourth quarter. Covestor Ltd now owns 1,729 shares of the industrial products company's stock valued at $65,000 after buying an additional 469 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in 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. Finally, Ballentine Partners LLC lifted its holdings in Tenaris by 6.1% during the 4th quarter. Ballentine Partners LLC now owns 8,928 shares of the industrial products company's stock worth $337,000 after buying an additional 516 shares during the last quarter. Institutional investors own 10.45% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on TS. Bank of America downgraded shares of Tenaris from a "neutral" rating to an "underperform" rating in a report on Wednesday, January 29th. Barclays increased their price objective on shares of Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. StockNews.com cut Tenaris from a "buy" rating to a "hold" rating in a research report on Saturday, March 22nd. Kepler Capital Markets downgraded Tenaris from a "buy" rating to a "hold" rating in a research note on Friday, January 17th. Finally, Piper Sandler raised their target price on Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $47.00.

Tenaris Trading Up 2.8 %

TS traded up $0.92 on Tuesday, reaching $33.52. The company had a trading volume of 1,013,260 shares, compared to its average volume of 1,783,361. The company has a market capitalization of $19.49 billion, a P/E ratio of 9.30 and a beta of 1.21. The company has a fifty day moving average of $36.58 and a 200-day moving average of $36.64. Tenaris S.A. has a one year low of $27.24 and a one year high of $40.87.

Tenaris (NYSE:TS - Get Free Report) last released its earnings results on Wednesday, February 19th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.31. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.71 billion. Research analysts predict that Tenaris S.A. will post 3.14 EPS for the current year.

Tenaris Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.56 per share. This is a positive change from Tenaris's previous semi-annual dividend of $0.54. The ex-dividend date is Tuesday, May 20th. Tenaris's dividend payout ratio (DPR) is 31.02%.

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.