Atlas Capital Advisors Inc. Buys New Stake in Tenaris S.A. (NYSE:TS)

Atlas Capital Advisors Inc. purchased a new position in shares of Tenaris S.A. (NYSE:TS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,067 shares of the industrial products company’s stock, valued at approximately $229,000.

A number of other institutional investors also recently added to or reduced their stakes in TS. Exencial Wealth Advisors LLC grew its holdings 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 increased its holdings in shares of 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 in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Tenaris by 78.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 478 shares during the last quarter. Ballentine Partners LLC boosted its holdings 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 worth $337,000 after acquiring an additional 516 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Tenaris by 140.2% during the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 548 shares during the last quarter. 10.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TS has been the topic of a number of recent analyst reports. Piper Sandler boosted their price objective on Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Jefferies Financial Group raised shares of Tenaris from a “hold” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $47.00 in a report on Monday, December 9th. Barclays boosted their target price on shares of Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Kepler Capital Markets cut shares of Tenaris from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, StockNews.com cut shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, March 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.00.

Tenaris Price Performance

Shares of NYSE:TS opened at $33.15 on Friday. The stock has a market cap of $19.27 billion, a price-to-earnings ratio of 9.18 and a beta of 1.43. The company has a 50 day moving average of $38.22 and a 200-day moving average of $36.49. 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, topping analysts’ consensus estimates of $0.63 by $0.31. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.71 billion. Tenaris had a net margin of 16.26% and a return on equity of 11.76%. Equities research analysts anticipate that Tenaris S.A. will post 3.14 earnings per share for the current year.

Tenaris Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 21st. Investors of record on Tuesday, May 20th will be paid a dividend of $0.56 per share. This is a positive change 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 presently 31.02%.

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.