Tenaris S.A. $TS is Westwood Global Investments LLC’s 5th Largest Position

Westwood Global Investments LLC cut its position in Tenaris S.A. (NYSE:TS) by 3.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,591,660 shares of the industrial products company’s stock after selling 239,707 shares during the period. Tenaris makes up 0.0% of Westwood Global Investments LLC’s portfolio, making the stock its 5th biggest holding. Westwood Global Investments LLC’s holdings in Tenaris were worth $271,554,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Advisory Services Network LLC purchased a new position in shares of Tenaris in the third quarter valued at approximately $47,000. Raymond James Financial Inc. purchased a new stake in Tenaris during the 2nd quarter worth approximately $49,000. Farther Finance Advisors LLC lifted its holdings in Tenaris by 100.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,446 shares of the industrial products company’s stock worth $52,000 after buying an additional 725 shares in the last quarter. CWM LLC boosted its position in Tenaris by 57.7% in the 3rd quarter. CWM LLC now owns 1,560 shares of the industrial products company’s stock valued at $56,000 after buying an additional 571 shares during the period. Finally, Versant Capital Management Inc boosted its position in Tenaris by 38.5% in the 3rd quarter. Versant Capital Management Inc now owns 4,205 shares of the industrial products company’s stock valued at $150,000 after buying an additional 1,168 shares during the period. 10.45% of the stock is currently owned by hedge funds and other institutional investors.

Tenaris Trading Down 1.1%

Shares of TS opened at $55.16 on Thursday. The firm has a market capitalization of $32.07 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 1.98 and a beta of 0.87. The firm’s fifty day simple moving average is $48.43 and its 200-day simple moving average is $41.56. Tenaris S.A. has a twelve month low of $30.06 and a twelve month high of $56.15.

Tenaris (NYSE:TS) last issued its earnings results on Thursday, February 19th. The industrial products company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.95 billion. Tenaris had a net margin of 16.13% and a return on equity of 11.32%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 earnings per share. On average, analysts predict that Tenaris S.A. will post 3.14 earnings per share for the current fiscal year.

Tenaris Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Tuesday, May 19th will be given a dividend of $1.20 per share. This represents a dividend yield of 450.0%. The ex-dividend date of this dividend is Tuesday, May 19th. Tenaris’s dividend payout ratio is currently 31.78%.

Analyst Ratings Changes

A number of analysts have recently weighed in on TS shares. TD Cowen reaffirmed a “buy” rating on shares of Tenaris in a research report on Wednesday. Wall Street Zen lowered Tenaris from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings reissued a “hold (c)” rating on shares of Tenaris in a research note on Monday, December 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $49.70 price target on shares of Tenaris in a research report on Monday, February 23rd. Finally, Morgan Stanley lifted their price objective on Tenaris from $38.00 to $40.00 and gave the company an “underweight” rating in a research note on Monday, February 23rd. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Tenaris currently has a consensus rating of “Hold” and a consensus price target of $50.45.

About Tenaris

Tenaris SA is a global manufacturer and supplier of steel tubular products and related services, primarily serving the oil and gas industry as well as other energy and industrial markets. Its product portfolio centers on seamless and welded steel pipes used for casing, tubing and line pipe applications, alongside a range of specialty and mechanical steel tubes. The company also provides value‑added technical solutions, including premium connections, heat treatment and surface protection, to support drilling, completion and production activities.

Tenaris operates an integrated industrial and commercial network that combines manufacturing, distribution and field services.