Dean Capital Management trimmed its holdings in shares of Tenneco Inc (NYSE:TEN) by 45.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,460 shares of the auto parts company’s stock after selling 39,940 shares during the quarter. Dean Capital Management owned about 0.09% of Tenneco worth $2,778,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP lifted its position in shares of Tenneco by 6.7% in the 3rd quarter. GSA Capital Partners LLP now owns 14,914 shares of the auto parts company’s stock worth $905,000 after purchasing an additional 939 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Tenneco by 42.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,233 shares of the auto parts company’s stock worth $189,000 after buying an additional 961 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in Tenneco by 3.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 28,130 shares of the auto parts company’s stock valued at $1,707,000 after purchasing an additional 1,037 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Tenneco by 83.1% in the third quarter. Advisor Group Inc. now owns 2,364 shares of the auto parts company’s stock worth $143,000 after buying an additional 1,073 shares in the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Tenneco by 3.3% in the fourth quarter. Baird Financial Group Inc. now owns 37,243 shares of the auto parts company’s stock worth $2,180,000 after purchasing an additional 1,186 shares during the last quarter. 94.33% of the stock is currently owned by institutional investors and hedge funds.
Tenneco stock traded down $0.97 during mid-day trading on Thursday, reaching $54.44. The company had a trading volume of 96,953 shares, compared to its average volume of 512,206. Tenneco Inc has a 12-month low of $50.73 and a 12-month high of $65.59. The stock has a market cap of $2,781.80, a price-to-earnings ratio of 13.92, a P/E/G ratio of 0.54 and a beta of 1.91. The company has a current ratio of 1.24, a quick ratio of 0.85 and a debt-to-equity ratio of 1.83.
Tenneco (NYSE:TEN) last issued its quarterly earnings results on Friday, February 9th. The auto parts company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.25. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.30 billion. Tenneco had a return on equity of 52.86% and a net margin of 2.22%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.67 EPS. analysts anticipate that Tenneco Inc will post 7.48 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Tuesday, March 6th will be issued a $0.25 dividend. The ex-dividend date is Monday, March 5th. This represents a $1.00 annualized dividend and a yield of 1.84%. Tenneco’s dividend payout ratio is currently 25.58%.
A number of analysts have recently weighed in on the company. Barclays reissued a “buy” rating and set a $74.00 price objective on shares of Tenneco in a research note on Tuesday, January 9th. Royal Bank of Canada restated a “hold” rating and set a $64.00 price target on shares of Tenneco in a research note on Wednesday, December 20th. Guggenheim set a $70.00 price objective on Tenneco and gave the company a “buy” rating in a report on Monday, February 12th. Wells Fargo dropped their target price on Tenneco from $64.00 to $60.00 and set a “market perform” rating on the stock in a report on Monday, February 12th. Finally, ValuEngine downgraded Tenneco from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Tenneco has a consensus rating of “Hold” and a consensus price target of $67.00.
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Tenneco Company Profile
Tenneco Inc 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 designs, manufactures and distributes highly engineered products for both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets, or aftermarket, across the world.
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