Fis Group Inc. raised its position in Tenaris SA (NYSE:TS) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,377 shares of the company’s stock after buying an additional 2,476 shares during the period. Fis Group Inc.’s holdings in Tenaris SA were worth $1,938,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Advisor Group Inc. purchased a new stake in Tenaris SA during the second quarter valued at approximately $117,000. BOKF NA raised its stake in Tenaris SA by 9,446.0% in the second quarter. BOKF NA now owns 4,773 shares of the company’s stock valued at $138,000 after buying an additional 4,723 shares during the period. Independent Portfolio Consultants Inc. raised its stake in Tenaris SA by 684.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,650 shares of the company’s stock valued at $163,000 after buying an additional 4,930 shares during the period. First Trust Advisors LP purchased a new stake in Tenaris SA during the second quarter valued at approximately $203,000. Finally, Hsbc Holdings PLC purchased a new stake in Tenaris SA during the second quarter valued at approximately $208,000. Institutional investors own 16.10% of the company’s stock.
Shares of Tenaris SA (NYSE:TS) traded down 2.94% during midday trading on Monday, reaching $30.39. 2,629,761 shares of the company’s stock were exchanged. The stock’s market cap is $17.94 billion. The firm has a 50 day moving average of $29.61 and a 200-day moving average of $28.02. Tenaris SA has a one year low of $18.53 and a one year high of $31.98.
Tenaris SA (NYSE:TS) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.05. Tenaris SA had a negative return on equity of 0.21% and a negative net margin of 0.52%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm posted ($0.30) earnings per share. The firm’s revenue for the quarter was down 32.8% compared to the same quarter last year. On average, equities research analysts anticipate that Tenaris SA will post $0.04 earnings per share for the current year.
The company also recently declared a dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Tuesday, November 22nd were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, November 21st. Tenaris SA’s dividend payout ratio (DPR) is presently -1,300.00%.
TS has been the subject of several analyst reports. Simmons upgraded shares of Tenaris SA from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 18th. Berenberg Bank initiated coverage on shares of Tenaris SA in a research note on Tuesday, October 11th. They issued a “hold” rating for the company. Morgan Stanley upgraded shares of Tenaris SA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 14th. Piper Jaffray Cos. upgraded shares of Tenaris SA from a “neutral” rating to an “overweight” rating and set a $33.00 price objective for the company in a research note on Tuesday, October 18th. Finally, Zacks Investment Research lowered shares of Tenaris SA from a “hold” rating to a “sell” rating in a research note on Wednesday, October 12th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.86.
Tenaris SA Company Profile
Tenaris SA is a holding company, which is a supplier of steel pipe products and related services for energy industry and other industrial applications. The Company operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods used in drilling operations, and for other industrial applications with production processes.