Tenaris S.A. (NYSE:TS) Shares Acquired by Mariner LLC

Mariner LLC boosted its holdings in Tenaris S.A. (NYSE:TS) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,430 shares of the industrial products company’s stock after purchasing an additional 1,245 shares during the quarter. Mariner LLC’s holdings in Tenaris were worth $1,036,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in shares of Tenaris in the 4th quarter valued at about $28,000. GAMMA Investing LLC boosted its holdings in shares of Tenaris by 140.2% in the fourth quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 548 shares during the period. EverSource Wealth Advisors LLC grew its position in Tenaris by 78.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 478 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Tenaris in the fourth quarter valued at about $42,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Tenaris by 291.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,725 shares of the industrial products company’s stock worth $65,000 after buying an additional 1,284 shares during the period. 10.45% of the stock is currently owned by hedge funds and other institutional investors.

Tenaris Trading Up 0.8 %

TS stock opened at $33.69 on Monday. The company has a market cap of $19.59 billion, a P/E ratio of 9.33 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. The company’s 50-day moving average price is $36.14 and its 200 day moving average price is $36.68.

Tenaris (NYSE:TS) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.94 EPS for the quarter, topping 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 business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.71 billion. On average, equities research analysts expect 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. Investors of record on Tuesday, May 20th will be paid a $0.56 dividend. This is a boost from Tenaris’s previous semi-annual dividend of $0.54. The ex-dividend date of this dividend is Tuesday, May 20th. Tenaris’s dividend payout ratio is presently 31.02%.

Wall Street Analyst Weigh In

TS has been the subject of a number of recent research reports. StockNews.com cut Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, March 22nd. Stifel Nicolaus dropped their price objective 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. Bank of America cut shares of Tenaris from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 29th. Piper Sandler boosted their price target on shares of Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Finally, BNP Paribas started coverage on shares of Tenaris in a research report on Tuesday, April 22nd. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

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.