Tenneco Inc (TEN) : Bailard added new position in Tenneco Inc during the most recent quarter end. The investment management firm now holds 55,160 shares of Tenneco Inc which is valued at $3,079,031 , the company said in a statement filed on Aug 8, 2016 with the SEC.Tenneco Inc makes up approximately 0.36% of Bailard’s portfolio.
Other Hedge Funds, Including , Oxford Asset Management reduced its stake in TEN by selling 13,625 shares or 12.67% in the most recent quarter. The Hedge Fund company now holds 93,903 shares of TEN which is valued at $5,241,665. Tenneco Inc makes up approx 0.21% of Oxford Asset Management’s portfolio. Quantbot Technologies Lp added TEN to its portfolio by purchasing 18,467 company shares during the most recent quarter which is valued at $1,008,668. Tenneco Inc makes up approx 0.10% of Quantbot Technologies Lp’s portfolio.Cutler Group Lp reduced its stake in TEN by selling 436 shares or 71.01% in the most recent quarter. The Hedge Fund company now holds 178 shares of TEN which is valued at $8,863.Breton Hill Capital Ltd. reduced its stake in TEN by selling 4,451 shares or 22.93% in the most recent quarter. The Hedge Fund company now holds 14,960 shares of TEN which is valued at $744,858. Tenneco Inc makes up approx 0.23% of Breton Hill Capital Ltd.’s portfolio.
Tenneco Inc opened for trading at $55.51 and hit $56.45 on the upside on Monday, eventually ending the session at $56.18, with a gain of 1.39% or 0.77 points. The heightened volatility saw the trading volume jump to 2,71,478 shares. Company has a market cap of $3,179 M.
On the company’s financial health, Tenneco Inc reported $1.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $1.63. The company had revenue of $2212.00 million for the quarter, compared to analysts expectations of $2253.70 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS.
Many Wall Street Analysts have commented on Tenneco Inc. Company shares were Reiterated by Deutsche Bank on Aug 1, 2016 to “Hold”, Firm has raised the Price Target to $ 70 from a previous price target of $67 .
Tenneco Inc. (Tenneco) is a producer of clean air and ride performance products and systems for light vehicle commercial truck off-highway and other vehicle applications. The Company serves both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets or aftermarket across the world. The Company operates in six segments: North America Clean Air; North America Ride Performance; Europe South America and India Clean Air; Europe South America and India Ride Performance; Asia Pacific Clean Air and Asia Pacific Ride Performance. The Companys various brands include Monroe Rancho Clevite Elastomers Marzocchi Axios Kinetic and Fric-Rot Walker XNOx Fonos DynoMax and Thrush clean air products. As a parts supplier it produces individual component parts for vehicles as well as groups of components that are combined as modules or systems within vehicles.