Tenaris S.A. (NYSE:TS) Shares Bought by Signaturefd LLC

Signaturefd LLC boosted its position in shares of Tenaris S.A. (NYSE:TS) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,695 shares of the industrial products company’s stock after purchasing an additional 782 shares during the period. Signaturefd LLC’s holdings in Tenaris were worth $546,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Greenleaf Trust acquired a new stake in Tenaris during the 4th quarter valued at $210,000. Ballentine Partners LLC grew its holdings in Tenaris by 8.0% during the 4th quarter. Ballentine Partners LLC now owns 8,089 shares of the industrial products company’s stock valued at $281,000 after purchasing an additional 600 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Tenaris by 59.6% during the 4th quarter. Pacer Advisors Inc. now owns 525,993 shares of the industrial products company’s stock valued at $18,284,000 after purchasing an additional 196,331 shares in the last quarter. Raymond James & Associates grew its holdings in Tenaris by 0.6% during the 4th quarter. Raymond James & Associates now owns 142,121 shares of the industrial products company’s stock valued at $4,940,000 after purchasing an additional 911 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Tenaris by 101.5% during the 3rd quarter. Wellington Management Group LLP now owns 877,305 shares of the industrial products company’s stock valued at $27,723,000 after purchasing an additional 442,016 shares in the last quarter. 10.45% of the stock is owned by institutional investors and hedge funds.

Tenaris Stock Performance

Tenaris stock opened at $37.32 on Thursday. The firm’s 50-day moving average is $37.63 and its 200-day moving average is $34.82. Tenaris S.A. has a 1 year low of $24.69 and a 1 year high of $40.72. The company has a market cap of $22.03 billion, a P/E ratio of 5.62, a PEG ratio of 2.36 and a beta of 1.47.

Tenaris (NYSE:TS) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.08 billion. As a group, sell-side analysts predict that Tenaris S.A. will post 4.06 earnings per share for the current year.

Tenaris Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Tuesday, May 21st will be given a $0.80 dividend. This is an increase 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%.

Analyst Ratings Changes

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

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.