Tenneco Inc (TEN) : Trimtabs Asset Management added new position in Tenneco Inc during the most recent quarter end. The investment management firm now holds 29,929 shares of Tenneco Inc which is valued at $1,634,722 , the company said in a statement filed on Aug 1, 2016 with the SEC.Tenneco Inc makes up approximately 1.02% of Trimtabs Asset Management’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in TEN by selling 4,306 shares or 3.51% in the most recent quarter. The Hedge Fund company now holds 118,484 shares of TEN which is valued at $6,471,596. Tenneco Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Lucus Advisors reduced its stake in TEN by selling 2,670 shares or 26.36% in the most recent quarter. The Hedge Fund company now holds 7,460 shares of TEN which is valued at $407,764. Tenneco Inc makes up approx 0.31% of Lucus Advisors’s portfolio.Essex Investment Management Co reduced its stake in TEN by selling 156 shares or 0.8% in the most recent quarter. The Hedge Fund company now holds 19,225 shares of TEN which is valued at $1,050,839. Tenneco Inc makes up approx 0.17% of Essex Investment Management Co’s portfolio. Wealthtrust-arizona sold out all of its stake in TEN during the most recent quarter. The investment firm sold 347 shares of TEN which is valued $18,540.
Tenneco Inc closed down -0.22 points or -0.40% at $54.4 with 4,97,321 shares getting traded on Thursday. Post opening the session at $54.45, the shares hit an intraday low of $54.23 and an intraday high of $55.44 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.