Capital Fund Management S.A. Cuts Stock Holdings in Tenaris S.A. (NYSE:TS)

Capital Fund Management S.A. trimmed its holdings in shares of Tenaris S.A. (NYSE:TS - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 521,437 shares of the industrial products company's stock after selling 36,485 shares during the quarter. Capital Fund Management S.A. owned 0.09% of Tenaris worth $19,705,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Exencial Wealth Advisors LLC boosted 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 valued at $1,905,000 after purchasing an additional 270 shares during the period. Signaturefd LLC lifted 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 valued at $705,000 after acquiring an additional 418 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Tenaris by 78.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 478 shares in the last quarter. Ballentine Partners LLC boosted its holdings in Tenaris by 6.1% during the fourth quarter. Ballentine Partners LLC now owns 8,928 shares of the industrial products company's stock valued at $337,000 after acquiring an additional 516 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Tenaris by 140.2% in the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 548 shares during the period. 10.45% of the stock is owned by institutional investors and hedge funds.

Tenaris Stock Performance

Shares of NYSE TS traded up $1.11 during midday trading on Wednesday, hitting $33.18. 694,462 shares of the company's stock traded hands, compared to its average volume of 1,646,106. The stock has a market capitalization of $19.29 billion, a price-to-earnings ratio of 9.19 and a beta of 1.21. The firm has a fifty day moving average of $37.06 and a 200 day moving average of $36.59. Tenaris S.A. has a 1 year low of $27.24 and a 1 year high of $40.87.

Tenaris (NYSE:TS - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.31. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.71 billion. On average, equities analysts anticipate that Tenaris S.A. will post 3.14 earnings per share 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 paid 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 dividend payout ratio is presently 31.02%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TS. Bank of America cut Tenaris from a "neutral" rating to an "underperform" rating in a report on Wednesday, January 29th. Stifel Nicolaus cut their price objective on shares of Tenaris from $43.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday. Kepler Capital Markets lowered Tenaris from a "buy" rating to a "hold" rating in a report on Friday, January 17th. Barclays raised their target price on shares of Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Finally, StockNews.com downgraded shares of Tenaris from a "buy" rating to a "hold" rating in a research note on Saturday, March 22nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Tenaris presently has a consensus rating of "Hold" and an average price target of $45.60.

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.