Charles Schwab Investment Management Inc. Purchases 3,814 Shares of Tenaris S.A. (NYSE:TS)

Charles Schwab Investment Management Inc. boosted its position in shares of Tenaris S.A. (NYSE:TS) by 16.5% in the fourth quarter, Holdings Channel reports. The fund owned 26,946 shares of the industrial products company’s stock after purchasing an additional 3,814 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Tenaris were worth $1,018,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in shares of Tenaris in the 4th quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Tenaris during the 3rd quarter valued at approximately $33,000. GAMMA Investing LLC increased its holdings in Tenaris by 140.2% in 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 in the last quarter. Smartleaf Asset Management LLC raised its stake in Tenaris by 291.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,725 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 1,284 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Tenaris during the third quarter valued at approximately $67,000. 10.45% of the stock is owned by hedge funds and other institutional investors.

Tenaris Stock Performance

TS stock opened at $39.07 on Monday. The firm has a market cap of $22.71 billion, a PE ratio of 10.82 and a beta of 1.43. The firm has a fifty day moving average price of $38.35 and a 200 day moving average price of $36.29. Tenaris S.A. has a fifty-two week low of $27.24 and a fifty-two week high of $40.87.

Tenaris (NYSE:TS) last announced its earnings results on Wednesday, February 19th. The industrial products company reported $0.94 earnings per share (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 net margin of 16.26% and a return on equity of 11.76%. On average, equities analysts predict that Tenaris S.A. will post 3.14 EPS for the current year.

Tenaris Increases Dividend

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

Analyst Ratings Changes

Several analysts have recently commented on TS shares. Piper Sandler raised their price objective on shares of Tenaris from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Stifel Nicolaus increased their target price on Tenaris from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Bank of America downgraded Tenaris from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 29th. Barclays upped their target price on shares of Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Finally, StockNews.com cut shares of Tenaris from a “buy” rating to a “hold” rating in a research note on Saturday, March 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.00.

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.