Tenaris S.A. $TS Shares Acquired by Osaic Holdings Inc.

Osaic Holdings Inc. lifted its holdings in shares of Tenaris S.A. (NYSE:TS) by 1,994.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,722 shares of the industrial products company’s stock after acquiring an additional 34,969 shares during the period. Osaic Holdings Inc.’s holdings in Tenaris were worth $1,434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Alua Capital Management LP acquired a new stake in Tenaris during the 1st quarter worth $93,370,000. Encompass Capital Advisors LLC boosted its stake in shares of Tenaris by 90.7% during the first quarter. Encompass Capital Advisors LLC now owns 2,097,540 shares of the industrial products company’s stock worth $82,035,000 after buying an additional 997,540 shares during the period. Sourcerock Group LLC boosted its stake in shares of Tenaris by 25.9% during the second quarter. Sourcerock Group LLC now owns 3,086,075 shares of the industrial products company’s stock worth $115,419,000 after buying an additional 635,817 shares during the period. ABC Arbitrage SA grew its holdings in shares of Tenaris by 252.6% during the second quarter. ABC Arbitrage SA now owns 467,268 shares of the industrial products company’s stock worth $17,476,000 after buying an additional 334,755 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Tenaris in the 2nd quarter valued at about $9,380,000. Hedge funds and other institutional investors own 10.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TS. BNP Paribas cut Tenaris from an “outperform” rating to a “hold” rating in a research report on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of Tenaris in a research note on Monday. The Goldman Sachs Group started coverage on shares of Tenaris in a research report on Monday, December 15th. They issued a “neutral” rating and a $43.60 price objective on the stock. Wall Street Zen cut shares of Tenaris from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Morgan Stanley set a $36.00 target price on shares of Tenaris in a research note on Monday, December 15th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.32.

Tenaris Stock Performance

Shares of NYSE TS opened at $38.86 on Wednesday. Tenaris S.A. has a one year low of $30.06 and a one year high of $41.76. The firm has a market capitalization of $22.59 billion, a P/E ratio of 10.45 and a beta of 0.95. The company’s fifty day moving average is $39.56 and its two-hundred day moving average is $37.37.

Tenaris (NYSE:TS) last announced its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.75 by $0.10. The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Tenaris had a net margin of 16.91% and a return on equity of 11.72%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.81 earnings per share. On average, sell-side analysts forecast that Tenaris S.A. will post 3.14 earnings per share for the current fiscal year.

Tenaris Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 25th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a dividend yield of 291.0%. Tenaris’s payout ratio is 31.18%.

Tenaris Company 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.