Sei Investments Co. Has $510,000 Stock Holdings in Tenaris S.A. (NYSE:TS)

Sei Investments Co. trimmed its position in Tenaris S.A. (NYSE:TS) by 32.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,490 shares of the industrial products company’s stock after selling 6,512 shares during the quarter. Sei Investments Co.’s holdings in Tenaris were worth $510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TS. Exencial Wealth Advisors LLC boosted its position in shares of Tenaris by 0.5% in the 4th quarter. Exencial Wealth Advisors LLC now owns 50,404 shares of the industrial products company’s stock worth $1,905,000 after purchasing an additional 270 shares during the last quarter. Signaturefd LLC boosted its holdings in Tenaris by 2.3% during the fourth quarter. Signaturefd LLC now owns 18,647 shares of the industrial products company’s stock worth $705,000 after buying an additional 418 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Tenaris by 78.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company’s stock worth $41,000 after buying an additional 478 shares during the period. Ballentine Partners LLC increased its stake in shares of Tenaris by 6.1% in the 4th quarter. Ballentine Partners LLC now owns 8,928 shares of the industrial products company’s stock valued at $337,000 after acquiring an additional 516 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Tenaris by 140.2% in the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 548 shares during the period. 10.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Piper Sandler boosted their price objective on shares of Tenaris from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Kepler Capital Markets lowered shares of Tenaris from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Barclays lifted their target price on Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Bank of America downgraded Tenaris from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 29th. Finally, Stifel Nicolaus lifted their price objective on Tenaris from $40.00 to $43.00 and gave the company a “buy” rating in a report on Friday, February 21st. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $46.00.

Tenaris Price Performance

Shares of Tenaris stock opened at $32.60 on Thursday. The firm has a market cap of $18.95 billion, a price-to-earnings ratio of 9.03 and a beta of 1.21. The stock’s 50-day moving average is $37.58 and its 200-day moving average is $36.57. Tenaris S.A. has a one year low of $27.24 and a one year high of $40.87.

Tenaris (NYSE:TS) last released its earnings results on Wednesday, February 19th. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.63 by $0.31. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. On average, equities analysts expect that Tenaris S.A. will post 3.14 EPS for the current year.

Tenaris Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, May 21st. Investors of record on Tuesday, May 20th will be paid a $0.56 dividend. This is an increase from Tenaris’s previous semi-annual dividend of $0.54. The ex-dividend date is Tuesday, May 20th. Tenaris’s dividend payout ratio (DPR) is 31.02%.

Tenaris Company 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.