Shares of Tenneco Inc. (NYSE:TEN) rose 3.1% on Thursday . The company traded as high as $54.69 and last traded at $53.44, with a volume of 532,337 shares traded. The stock had previously closed at $51.85.

TEN has been the subject of a number of recent research reports. Zacks Investment Research upgraded Tenneco from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Tuesday, March 29th. Wells Fargo & Co. downgraded Tenneco from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $54.50 to $57.50 in a research report on Wednesday, April 27th. Royal Bank Of Canada boosted their target price on Tenneco from $47.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 27th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $57.00 target price (up previously from $46.00) on shares of Tenneco in a research report on Tuesday, May 3rd. Finally, Morgan Stanley restated a “sell” rating on shares of Tenneco in a research report on Sunday, May 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $61.83.

The stock’s 50-day moving average is $50.86 and its 200-day moving average is $47.77. The firm has a market cap of $3.08 billion and a PE ratio of 12.48.

Tenneco (NYSE:TEN) last released its earnings results on Tuesday, April 26th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.06. During the same quarter in the prior year, the business posted $0.88 EPS. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.08 billion. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts anticipate that Tenneco Inc. will post $5.59 EPS for the current fiscal year.

In other Tenneco news, CEO Gregg M. Sherrill sold 51,609 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $53.69, for a total transaction of $2,770,887.21. Following the completion of the transaction, the chief executive officer now owns 335,780 shares in the company, valued at approximately $18,028,028.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregg M. Sherrill sold 80,672 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $53.20, for a total value of $4,291,750.40. Following the transaction, the chief executive officer now owns 469,256 shares of the company’s stock, valued at approximately $24,964,419.20. The disclosure for this sale can be found here.

Other institutional investors have recently added to or reduced their stakes in the company. Boston Partners boosted its position in Tenneco by 28.6% in the fourth quarter. Boston Partners now owns 3,456,201 shares of the company’s stock valued at $158,674,000 after buying an additional 768,418 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in Tenneco by 4.1% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 511,434 shares of the company’s stock valued at $23,480,000 after buying an additional 20,085 shares in the last quarter. Wells Fargo & Company MN boosted its position in Tenneco by 3.9% in the fourth quarter. Wells Fargo & Company MN now owns 193,035 shares of the company’s stock valued at $8,863,000 after buying an additional 7,244 shares in the last quarter. Morgan Stanley boosted its position in Tenneco by 1,922.3% in the fourth quarter. Morgan Stanley now owns 192,722 shares of the company’s stock valued at $8,850,000 after buying an additional 183,192 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Tenneco by 5.9% in the fourth quarter. Rhumbline Advisers now owns 65,501 shares of the company’s stock valued at $3,007,000 after buying an additional 3,660 shares in the last quarter.

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 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.

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