Quadrant Capital Group LLC Has $402,000 Stock Holdings in Tenaris S.A. (NYSE:TS)

Quadrant Capital Group LLC boosted its position in Tenaris S.A. (NYSE:TS) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,629 shares of the industrial products company’s stock after acquiring an additional 683 shares during the quarter. Quadrant Capital Group LLC’s holdings in Tenaris were worth $402,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TS. Wellington Management Group LLP raised its holdings in shares of Tenaris by 187.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,546,184 shares of the industrial products company’s stock worth $80,943,000 after buying an additional 1,660,300 shares in the last quarter. ABC Arbitrage SA acquired a new position in Tenaris during the fourth quarter worth about $31,581,000. Assetmark Inc. lifted its holdings in shares of Tenaris by 0.8% in the fourth quarter. Assetmark Inc. now owns 443,185 shares of the industrial products company’s stock worth $16,748,000 after acquiring an additional 3,632 shares during the last quarter. Carrhae Capital LLP acquired a new stake in shares of Tenaris in the 4th quarter valued at approximately $16,545,000. Finally, ExodusPoint Capital Management LP acquired a new position in Tenaris during the 4th quarter worth approximately $5,691,000. 10.45% of the stock is currently owned by institutional investors.

Tenaris Trading Down 3.0 %

Shares of TS stock opened at $32.18 on Tuesday. Tenaris S.A. has a 1-year low of $27.24 and a 1-year high of $40.87. The stock has a market cap of $18.71 billion, a price-to-earnings ratio of 8.92 and a beta of 1.21. The stock has a 50-day moving average of $38.08 and a 200-day moving average of $36.61.

Tenaris (NYSE:TS) last released its earnings results on Wednesday, February 19th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.31. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.71 billion. Tenaris had a net margin of 16.26% and a return on equity of 11.76%. Sell-side analysts forecast that Tenaris S.A. will post 3.14 earnings per share for the current year.

Tenaris Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This is a boost from Tenaris’s previous semi-annual dividend of $0.54. Tenaris’s dividend payout ratio is 31.02%.

Analysts Set New Price Targets

A number of research firms have weighed in on TS. Stifel Nicolaus boosted their target price on shares of Tenaris from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Kepler Capital Markets lowered Tenaris from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Barclays increased their target price on Tenaris from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Jefferies Financial Group upgraded Tenaris from a “hold” rating to a “buy” rating and boosted their price target for the stock from $35.00 to $47.00 in a report on Monday, December 9th. Finally, StockNews.com lowered shares of Tenaris from a “buy” rating to a “hold” rating in a report on Saturday, March 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.00.

Tenaris Profile

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.