Capital Insight Partners LLC Has $2.69 Million Stock Holdings in Tenaris S.A. (NYSE:TS)

by · The Cerbat Gem

Capital Insight Partners LLC lifted its position in shares of Tenaris S.A. (NYSE:TSFree Report) by 11.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,167 shares of the industrial products company’s stock after purchasing an additional 8,745 shares during the period. Capital Insight Partners LLC’s holdings in Tenaris were worth $2,691,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TS. Captrust Financial Advisors increased its stake in shares of Tenaris by 155.8% during the 2nd quarter. Captrust Financial Advisors now owns 1,110 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 676 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of Tenaris by 41.7% during the 1st quarter. Belpointe Asset Management LLC now owns 1,546 shares of the industrial products company’s stock worth $44,000 after buying an additional 455 shares during the period. Macquarie Group Ltd. bought a new stake in shares of Tenaris during the 3rd quarter worth about $45,000. Point72 Hong Kong Ltd bought a new stake in shares of Tenaris during the 2nd quarter worth about $76,000. Finally, Ronald Blue Trust Inc. boosted its holdings in shares of Tenaris by 36.2% during the 3rd quarter. Ronald Blue Trust Inc. now owns 2,705 shares of the industrial products company’s stock worth $81,000 after buying an additional 719 shares during the period. 11.58% of the stock is currently owned by institutional investors and hedge funds.

Tenaris Trading Up 0.1 %

NYSE TS traded up $0.03 during trading on Friday, reaching $32.31. The company’s stock had a trading volume of 2,174,733 shares, compared to its average volume of 1,720,675. The firm has a market capitalization of $19.07 billion, a price-to-earnings ratio of 5.31, a price-to-earnings-growth ratio of 3.42 and a beta of 1.48. Tenaris S.A. has a 12 month low of $24.69 and a 12 month high of $38.00. The firm has a 50 day moving average price of $34.16 and a 200 day moving average price of $32.84.

Tenaris (NYSE:TSGet Free Report) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.27). Tenaris had a net margin of 23.86% and a return on equity of 23.42%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.08 billion. On average, equities analysts forecast that Tenaris S.A. will post 5.66 EPS for the current fiscal year.

Tenaris Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Tuesday, November 21st were given a dividend of $0.40 per share. This represents a dividend yield of 1.15%. The ex-dividend date was Monday, November 20th. Tenaris’s dividend payout ratio (DPR) is presently 13.14%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com downgraded shares of Tenaris from a “strong-buy” rating to a “buy” rating in a report on Friday, November 3rd. Morgan Stanley reduced their target price on shares of Tenaris from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Tuesday, October 17th. Finally, Jefferies Financial Group downgraded shares of Tenaris from a “buy” rating to a “hold” rating in a report on Thursday, January 4th.

Read Our Latest Stock Report on Tenaris

Tenaris Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding TS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tenaris S.A. (NYSE:TSFree Report).