The stock of Tenneco Inc (NYSE:TEN) is a huge mover today! About 217,766 shares traded hands. Tenneco Inc (NYSE:TEN) has risen 16.21% since April 18, 2016 and is uptrending. It has outperformed by 11.78% the S&P500.
The move comes after 6 months positive chart setup for the $3.29B company. It was reported on Nov, 18 by Barchart.com. We have $89.58 PT which if reached, will make NYSE:TEN worth $1.84 billion more.
Tenneco Inc (NYSE:TEN) Ratings Coverage
Out of 6 analysts covering Tenneco Inc (NYSE:TEN), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Tenneco Inc has been the topic of 16 analyst reports since July 30, 2015 according to StockzIntelligence Inc. On Monday, October 26 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets downgraded Tenneco Inc (NYSE:TEN) rating on Tuesday, December 15. RBC Capital Markets has “Sector Perform” rating and $55 price target. Goldman Sachs maintained the shares of TEN in a report on Tuesday, May 3 with “Neutral” rating. The rating was upgraded by Goldman Sachs to “Neutral” on Wednesday, August 12. Barclays Capital upgraded the shares of TEN in a report on Thursday, February 11 to “Overweight” rating. The stock of Tenneco Inc (NYSE:TEN) has “Market Perform” rating given on Wednesday, April 27 by Wells Fargo. The firm has “Equal Weight” rating by Barclays Capital given on Monday, January 25.
According to Zacks Investment Research, “Tenneco is one of the world’s largest designers, manufacturers and marketers of emission control and ride control products and systems for the automotive original equipment market and the aftermarket. Tenneco markets its products principally under the Monroe, Walker, Gillet and CleviteElastomer brand names. Among its products are Sensa-Trac and Monroe Reflex shocks and struts, Rancho shock absorbers, Walker Quiet-Flow mufflers, Dynomax performance exhaust products, and CleviteÂ®Elastomer noise, vibration and harshness control components.”
Insitutional Activity: The institutional sentiment increased to 0.91 in Q2 2016. Its up 0.08, from 0.83 in 2016Q1. The ratio improved, as 29 funds sold all Tenneco Inc shares owned while 102 reduced positions. 36 funds bought stakes while 73 increased positions. They now own 51.36 million shares or 3.63% less from 53.30 million shares in 2016Q1.
Winslow Evans & Crocker reported 10 shares or 0% of all its holdings. Verition Fund Mngmt Limited Co, a Connecticut-based fund reported 15,572 shares. Moreover, Finemark Fincl Bank Trust has 0% invested in Tenneco Inc (NYSE:TEN) for 26 shares. Swiss Natl Bank last reported 95,500 shares in the company. Towle And accumulated 70 shares or 0% of the stock. Teacher Retirement Of Texas holds 8,064 shares or 0% of its portfolio. Bessemer Grp Incorporated last reported 0% of its portfolio in the stock. Calvert Invest Management holds 0.18% or 74,476 shares in its portfolio. Numeric Invsts Ltd Liability accumulated 0.06% or 153,400 shares. Moreover, Cantab Capital Prtnrs Ltd Liability Partnership has 0% invested in Tenneco Inc (NYSE:TEN) for 10,923 shares. Oberweis Asset Management last reported 0.76% of its portfolio in the stock. Livforsakringsbolaget Skandia Omsesidigt holds 13,800 shares or 0.03% of its portfolio. Blackrock Fund has 1.38 million shares for 0.01% of their US portfolio. Bailard holds 0.31% or 55,160 shares in its portfolio. Whittier Trust holds 0.04% or 19,276 shares in its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 8 selling transactions for $8.07 million net activity. $178,848 worth of shares were sold by Guo Peng on Wednesday, September 14. 5,884 shares were sold by Harrington James D., worth $332,623. Shares for $650,770 were sold by Fornos Josep. On Thursday, September 1 JACKSON TIMOTHY E sold $1.99 million worth of the stock or 35,872 shares. PRICE DAVID B JR had sold 30,000 shares worth $1.68M on Thursday, August 18. 51,609 shares were sold by Sherrill Gregg M, worth $2.77M on Tuesday, May 31. Kunz John E sold 4,000 shares worth $225,240.
More news for Tenneco Inc (NYSE:TEN) were recently published by: Equitiesfocus.com, which released: “Tenneco Inc. (NYSE:TEN) 50-day Moving Average At $55.38” on November 18, 2016. Valuewalk.com‘s article titled: “ROIC Model Portfolio: Tenneco Inc. (TEN) Good Management Too” and published on October 21, 2016 is yet another important article.
TEN Company Profile
Tenneco Inc. (Tenneco), incorporated on August 26, 1996, is a producer of clean air and ride performance products and systems for light vehicle, commercial truck, off-highway and other vehicle applications. The Firm serves both original equipment vehicle manufacturers (OEMs), and the repair and replacement markets or aftermarket across the world. The Firm operates in six divisions: 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, Axios, Kinetic, 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. It offers modules and systems to OEMs, commercial truck and off-highway engine manufacturers, and aftermarket distribution channels.
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