Optiver Holding B.V. Boosts Stock Holdings in Tenaris S.A. $TS

Optiver Holding B.V. raised its stake in Tenaris S.A. (NYSE:TS) by 186.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 905,328 shares of the industrial products company’s stock after acquiring an additional 589,625 shares during the period. Optiver Holding B.V. owned approximately 0.16% of Tenaris worth $32,384,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC grew its position in shares of Tenaris by 14.3% during the first quarter. AQR Capital Management LLC now owns 23,662 shares of the industrial products company’s stock valued at $925,000 after purchasing an additional 2,969 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Tenaris during the first quarter valued at approximately $203,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Tenaris during the 1st quarter valued at approximately $5,458,000. Ashton Thomas Private Wealth LLC increased its stake in Tenaris by 3.8% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 29,511 shares of the industrial products company’s stock worth $1,104,000 after acquiring an additional 1,080 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in Tenaris by 1,547.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,624 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 3,404 shares during the last quarter. Institutional investors own 10.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $49.70 target price on shares of Tenaris in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Tenaris in a research report on Monday, December 29th. TD Cowen boosted their target price on shares of Tenaris from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Wall Street Zen cut shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Morgan Stanley increased their price target on shares of Tenaris from $38.00 to $40.00 and gave the company an “underweight” rating in a report on Monday. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $50.45.

Tenaris Trading Up 0.9%

Shares of NYSE:TS opened at $54.08 on Wednesday. Tenaris S.A. has a 12 month low of $30.06 and a 12 month high of $54.60. The company has a market capitalization of $31.44 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 1.91 and a beta of 0.95. The firm’s 50-day moving average is $43.60 and its 200 day moving average is $39.58.

Tenaris (NYSE:TS) last announced its quarterly earnings data on Thursday, February 19th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. The business 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 firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 earnings per share. As a group, equities analysts forecast that Tenaris S.A. will post 3.14 EPS for the current fiscal year.

Tenaris Dividend Announcement

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

Tenaris Profile

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.