Horrell Capital Management Lowers stake in Tenneco Inc (TEN)

Tenneco Inc (TEN) : Horrell Capital Management reduced its stake in Tenneco Inc by 0.51% during the most recent quarter end. The investment management company now holds a total of 26,862 shares of Tenneco Inc which is valued at $1,468,277 after selling 138 shares in Tenneco Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Tenneco Inc makes up approximately 0.92% of Horrell Capital Management’s portfolio.

Other Hedge Funds, Including , Strs Ohio reduced its stake in TEN by selling 2,400 shares or 2.16% in the most recent quarter. The Hedge Fund company now holds 108,900 shares of TEN which is valued at $5,952,474. Tenneco Inc makes up approx 0.03% of Strs Ohio’s portfolio. Huntington National Bank sold out all of its stake in TEN during the most recent quarter. The investment firm sold 20 shares of TEN which is valued $1,093.Shell Asset Management Co reduced its stake in TEN by selling 1,727 shares or 5.38% in the most recent quarter. The Hedge Fund company now holds 30,397 shares of TEN which is valued at $1,661,500. Tenneco Inc makes up approx 0.04% of Shell Asset Management Co’s portfolio.Meeder Asset Management Inc reduced its stake in TEN by selling 920 shares or 26.47% in the most recent quarter. The Hedge Fund company now holds 2,556 shares of TEN which is valued at $136,567. Tenneco Inc makes up approx 0.01% of Meeder Asset Management Inc’s portfolio. Simplex Trading sold out all of its stake in TEN during the most recent quarter. The investment firm sold 401 shares of TEN which is valued $20,792.

Tenneco Inc opened for trading at $54.6 and hit $57.3 on the upside on Friday, eventually ending the session at $56.52, with a gain of 6.18% or 3.29 points. The heightened volatility saw the trading volume jump to 16,54,248 shares. Company has a market cap of $3,238 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 Company’s 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.

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