Signaturefd LLC Boosts Holdings in Tenaris S.A. (NYSE:TS)

Signaturefd LLC grew its position in Tenaris S.A. (NYSE:TS) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,695 shares of the industrial products company’s stock after buying an additional 782 shares during the period. Signaturefd LLC’s holdings in Tenaris were worth $546,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Greenleaf Trust purchased a new stake in shares of Tenaris in the 4th quarter valued at approximately $210,000. Ballentine Partners LLC grew its stake in shares of Tenaris by 8.0% in the 4th quarter. Ballentine Partners LLC now owns 8,089 shares of the industrial products company’s stock valued at $281,000 after buying an additional 600 shares during the period. Pacer Advisors Inc. boosted its position in shares of Tenaris by 59.6% during the 4th quarter. Pacer Advisors Inc. now owns 525,993 shares of the industrial products company’s stock worth $18,284,000 after purchasing an additional 196,331 shares during the period. Raymond James & Associates boosted its position in shares of Tenaris by 0.6% during the 4th quarter. Raymond James & Associates now owns 142,121 shares of the industrial products company’s stock worth $4,940,000 after purchasing an additional 911 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Tenaris by 101.5% during the 3rd quarter. Wellington Management Group LLP now owns 877,305 shares of the industrial products company’s stock worth $27,723,000 after purchasing an additional 442,016 shares during the period. Hedge funds and other institutional investors own 10.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America assumed coverage on shares of Tenaris in a research report on Tuesday, January 16th. They set a “neutral” rating for the company. Morgan Stanley cut shares of Tenaris from an “overweight” rating to an “underweight” rating and set a $40.00 price objective for the company. in a research report on Thursday, April 18th. Finally, Jefferies Financial Group cut shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th.

Tenaris Stock Down 1.5 %

Shares of TS stock opened at $37.32 on Thursday. Tenaris S.A. has a 52 week low of $24.69 and a 52 week high of $40.72. The stock has a market capitalization of $22.03 billion, a PE ratio of 5.62, a P/E/G ratio of 2.36 and a beta of 1.47. The firm has a 50 day moving average of $37.63 and a two-hundred day moving average of $34.82.

Tenaris (NYSE:TS) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.03 by $0.89. Tenaris had a net margin of 26.35% and a return on equity of 24.33%. The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Analysts expect that Tenaris S.A. will post 4.06 EPS for the current fiscal year.

Tenaris Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Tuesday, May 21st will be issued a $0.80 dividend. This is a positive change from Tenaris’s previous Semi-Annual dividend of $0.68. The ex-dividend date is Monday, May 20th. Tenaris’s dividend payout ratio (DPR) is presently 12.05%.

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.