Trexquant Investment LP Sells 117,238 Shares of Tenaris S.A. (NYSE:TS)

Trexquant Investment LP lessened its holdings in shares of Tenaris S.A. (NYSE:TS - Free Report) by 83.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,542 shares of the industrial products company's stock after selling 117,238 shares during the quarter. Trexquant Investment LP's holdings in Tenaris were worth $890,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Exencial Wealth Advisors LLC lifted its holdings in shares of Tenaris by 0.5% in the fourth quarter. Exencial Wealth Advisors LLC now owns 50,404 shares of the industrial products company's stock worth $1,905,000 after buying an additional 270 shares in the last quarter. Signaturefd LLC lifted its stake in Tenaris by 2.3% in the 4th 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. EverSource Wealth Advisors LLC boosted its holdings 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 valued at $41,000 after purchasing an additional 478 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of Tenaris by 6.1% in the fourth quarter. Ballentine Partners LLC now owns 8,928 shares of the industrial products company's stock worth $337,000 after purchasing an additional 516 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Tenaris by 140.2% during the fourth quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company's stock valued at $35,000 after buying an additional 548 shares during the last quarter. 10.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TS. Kepler Capital Markets downgraded Tenaris from a "buy" rating to a "hold" rating in a research report on Friday, January 17th. Stifel Nicolaus decreased their target price on shares of Tenaris from $43.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday. Piper Sandler lifted their price target on Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Barclays raised their price objective on Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Finally, Bank of America downgraded Tenaris from a "neutral" rating to an "underperform" rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $45.60.

Tenaris Trading Up 3.0 %

Shares of NYSE TS traded up $0.95 during trading hours on Wednesday, reaching $33.02. The stock had a trading volume of 389,014 shares, compared to its average volume of 1,641,086. The business's fifty day moving average price is $37.06 and its two-hundred day moving average price is $36.59. The firm has a market cap of $19.20 billion, a price-to-earnings ratio of 9.15 and a beta of 1.21. Tenaris S.A. has a 52-week low of $27.24 and a 52-week high of $40.87.

Tenaris (NYSE:TS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.94 EPS 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 firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.71 billion. Equities research analysts anticipate that Tenaris S.A. will post 3.14 earnings per share 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. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend 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 currently 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.