Campbell & CO Investment Adviser LLC Has $1.34 Million Stake in Tenaris S.A. $TS

Campbell & CO Investment Adviser LLC lessened its position in Tenaris S.A. (NYSE:TS) by 43.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,563 shares of the industrial products company’s stock after selling 28,429 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Tenaris were worth $1,344,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TS. MGO One Seven LLC grew its holdings in shares of Tenaris by 5.4% during the second quarter. MGO One Seven LLC now owns 5,940 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 302 shares during the last quarter. Rhumbline Advisers grew its holdings in Tenaris by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 8,387 shares of the industrial products company’s stock worth $314,000 after acquiring an additional 338 shares during the last quarter. Blue Trust Inc. increased its position in Tenaris by 48.8% in the 2nd quarter. Blue Trust Inc. now owns 1,088 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 357 shares during the period. Profund Advisors LLC increased its position in Tenaris by 3.6% in the 2nd quarter. Profund Advisors LLC now owns 12,687 shares of the industrial products company’s stock valued at $474,000 after acquiring an additional 437 shares during the period. Finally, Yousif Capital Management LLC raised its stake in shares of Tenaris by 5.6% during the second quarter. Yousif Capital Management LLC now owns 9,548 shares of the industrial products company’s stock valued at $357,000 after acquiring an additional 510 shares during the last quarter. 10.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on TS. BNP Paribas Exane reissued a “neutral” rating on shares of Tenaris in a research note on Friday, October 10th. Morgan Stanley set a $36.00 target price on Tenaris in a report on Monday, December 15th. Cowen reiterated a “buy” rating on shares of Tenaris in a research report on Wednesday, January 7th. Weiss Ratings restated a “hold (c)” rating on shares of Tenaris in a research report on Monday, December 29th. Finally, Piper Sandler reiterated a “neutral” rating on shares of Tenaris in a report on Thursday, December 18th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $42.32.

Tenaris Price Performance

Shares of NYSE:TS opened at $41.77 on Friday. Tenaris S.A. has a 1 year low of $30.06 and a 1 year high of $42.69. The business’s 50-day moving average is $40.01 and its 200-day moving average is $37.72. The company has a market capitalization of $24.28 billion, a price-to-earnings ratio of 11.23 and a beta of 0.96.

Tenaris (NYSE:TS) last released its earnings results on Thursday, October 30th. The industrial products company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.75 by $0.10. Tenaris had a return on equity of 11.72% and a net margin of 16.91%.The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter last year, the firm posted $0.81 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. Analysts anticipate that Tenaris S.A. will post 3.14 EPS for the current year.

Tenaris Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, November 26th. Investors 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 yield of 291.0%. Tenaris’s dividend payout ratio is currently 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.