Jane Street Group LLC Sells 74,556 Shares of Tenaris S.A. (NYSE:TS)

Jane Street Group LLC reduced its stake in Tenaris S.A. (NYSE:TS - Free Report) by 29.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 175,361 shares of the industrial products company's stock after selling 74,556 shares during the period. Jane Street Group LLC's holdings in Tenaris were worth $6,627,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TS. ABC Arbitrage SA acquired a new position in Tenaris during the fourth quarter valued at approximately $31,581,000. Carrhae Capital LLP acquired a new position in shares of Tenaris during the 4th quarter worth $16,545,000. Freestone Grove Partners LP bought a new stake in shares of Tenaris during the 4th quarter worth $16,486,000. Marshall Wace LLP bought a new stake in shares of Tenaris during the 4th quarter worth $16,177,000. Finally, Yaupon Capital Management LP acquired a new stake in Tenaris in the fourth quarter valued at about $12,594,000. Institutional investors and hedge funds own 10.45% of the company's stock.

Analysts Set New Price Targets

TS has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their price target on shares of Tenaris from $43.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Kepler Capital Markets cut shares of Tenaris from a "buy" rating to a "hold" rating in a research note on Friday, January 17th. BNP Paribas started coverage on Tenaris in a research note on Tuesday, April 22nd. They issued an "outperform" rating for the company. Barclays set a $48.00 price objective on Tenaris and gave the company an "overweight" rating in a report on Tuesday, May 6th. Finally, Bank of America cut Tenaris from a "neutral" rating to an "underperform" rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.50.

Tenaris Price Performance

NYSE TS traded up $0.44 on Friday, reaching $34.06. The company had a trading volume of 896,647 shares, compared to its average volume of 1,760,825. The firm has a market cap of $19.80 billion, a price-to-earnings ratio of 9.43 and a beta of 1.27. Tenaris S.A. has a fifty-two week low of $27.24 and a fifty-two week high of $40.87. The business has a 50 day moving average of $35.32 and a two-hundred day moving average of $36.76.

Tenaris (NYSE:TS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.14. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period last year, the company earned $1.27 earnings per share. The firm's revenue was down 15.1% compared to the same quarter last year. As a group, research analysts predict that Tenaris S.A. will post 3.14 earnings per share for the current fiscal year.

Tenaris Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Tuesday, May 20th will be paid a $0.56 dividend. 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 is currently 34.15%.

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.