Centiva Capital LP Buys Shares of 11,942 Tenaris S.A. $TS

Centiva Capital LP purchased a new position in Tenaris S.A. (NYSE:TS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,942 shares of the industrial products company’s stock, valued at approximately $427,000.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Tenaris during the 2nd quarter valued at $49,000. Farther Finance Advisors LLC grew its stake 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 during the last quarter. CWM LLC increased its position in Tenaris by 57.7% during 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 in the last quarter. Versant Capital Management Inc raised its stake in Tenaris by 38.5% in the third 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 last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Tenaris by 224.2% in the second quarter. EverSource Wealth Advisors LLC now owns 4,448 shares of the industrial products company’s stock valued at $166,000 after buying an additional 3,076 shares during the last quarter. 10.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus boosted their price target on Tenaris from $45.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. TD Cowen increased their price objective on shares of Tenaris from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Wall Street Zen cut shares of Tenaris from a “buy” rating to a “hold” rating in a research note on Sunday. Oddo Bhf raised shares of Tenaris to an “outperform” rating in a research report on Thursday, February 5th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $49.70 price target on shares of Tenaris in a research note on Monday, February 23rd. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Tenaris has a consensus rating of “Hold” and an average price target of $50.45.

Tenaris Stock Down 1.2%

Shares of NYSE:TS opened at $52.86 on Monday. Tenaris S.A. has a 52-week low of $30.06 and a 52-week high of $55.02. The stock has a market cap of $30.73 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.88 and a beta of 0.87. The business has a 50-day moving average price of $47.54 and a 200-day moving average price of $41.20.

Tenaris (NYSE:TS) last released 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. Tenaris had a return on equity of 11.32% and a net margin of 16.13%.The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts anticipate 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. Stockholders of record on Tuesday, May 19th will be paid a $1.20 dividend. The ex-dividend date is Tuesday, May 19th. This represents a dividend yield of 450.0%. Tenaris’s dividend 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.