LPL Financial LLC Has $833,000 Position in Tenaris S.A. (NYSE:TS)

LPL Financial LLC cut its position in shares of Tenaris S.A. (NYSE:TS) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,040 shares of the industrial products company’s stock after selling 4,004 shares during the quarter. LPL Financial LLC’s holdings in Tenaris were worth $833,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Tenaris by 30,000.0% during the 3rd quarter. Barclays PLC now owns 6,020 shares of the industrial products company’s stock valued at $192,000 after acquiring an additional 6,000 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Tenaris during the third quarter valued at approximately $2,200,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Tenaris in the 3rd quarter valued at approximately $67,000. Versant Capital Management Inc acquired a new position in shares of Tenaris in the 4th quarter worth approximately $28,000. Finally, GAMMA Investing LLC boosted its stake 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 buying an additional 548 shares in the last quarter. Institutional investors and hedge funds own 10.45% of the company’s stock.

Tenaris Stock Down 1.8 %

Tenaris stock opened at $32.66 on Tuesday. Tenaris S.A. has a 12-month low of $27.24 and a 12-month high of $40.87. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 9.05 and a beta of 1.21. The business’s 50-day simple moving average is $36.58 and its 200 day simple moving average is $36.64.

Tenaris (NYSE:TS) last announced its quarterly earnings data 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 net margin of 16.26% and a return on equity of 11.76%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.71 billion. As a group, sell-side analysts expect that Tenaris S.A. will post 3.14 EPS for the current year.

Tenaris Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 21st. Investors of record on Tuesday, May 20th will be paid a dividend of $0.56 per share. The ex-dividend date is Tuesday, May 20th. This is a boost from Tenaris’s previous semi-annual dividend of $0.54. Tenaris’s payout ratio is 31.02%.

Analyst Ratings Changes

TS has been the subject of a number of analyst reports. StockNews.com cut Tenaris from a “buy” rating to a “hold” rating in a report on Saturday, March 22nd. Kepler Capital Markets lowered shares of Tenaris from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Piper Sandler boosted their target price on Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Barclays boosted their price objective on Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Finally, Stifel Nicolaus cut their price target on Tenaris from $43.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $47.00.

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.