Shares of Tenneco Inc. (NYSE:TEN) have earned a consensus rating of “Buy” from the twelve research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $66.22.

A number of analysts recently commented on TEN shares. ValuEngine upgraded shares of Tenneco from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. BidaskClub upgraded shares of Tenneco from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. CLSA started coverage on shares of Tenneco in a report on Wednesday, June 21st. They issued a “buy” rating and a $68.00 target price on the stock. Guggenheim started coverage on shares of Tenneco in a report on Wednesday, June 21st. They issued a “buy” rating and a $68.00 target price on the stock. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $67.00 target price on shares of Tenneco in a report on Tuesday, April 25th.

Shares of Tenneco (NYSE TEN) traded up 0.47% on Friday, reaching $53.42. 488,675 shares of the company’s stock were exchanged. Tenneco has a 1-year low of $51.09 and a 1-year high of $70.96. The stock’s 50-day moving average price is $56.99 and its 200-day moving average price is $60.39. The company has a market capitalization of $2.86 billion, a P/E ratio of 10.36 and a beta of 1.79.

Tenneco (NYSE:TEN) last issued its quarterly earnings results on Friday, July 28th. The auto parts company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. Tenneco had a net margin of 3.17% and a return on equity of 53.67%. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the business posted $1.78 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts anticipate that Tenneco will post $6.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Thursday, September 7th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.87%. Tenneco’s dividend payout ratio is currently 19.72%.

In other news, Director David B. Price, Jr. sold 4,893 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $57.82, for a total transaction of $282,913.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP John E. Kunz sold 4,243 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $59.75, for a total transaction of $253,519.25. Following the sale, the vice president now owns 30,373 shares in the company, valued at approximately $1,814,786.75. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the stock. Bowling Portfolio Management LLC raised its stake in Tenneco by 30.8% in the first quarter. Bowling Portfolio Management LLC now owns 10,497 shares of the auto parts company’s stock worth $655,000 after buying an additional 2,472 shares in the last quarter. Wells Fargo & Company MN raised its stake in Tenneco by 242.5% in the first quarter. Wells Fargo & Company MN now owns 1,120,481 shares of the auto parts company’s stock worth $69,941,000 after buying an additional 793,370 shares in the last quarter. Essex Investment Management Co. LLC raised its stake in Tenneco by 25.4% in the first quarter. Essex Investment Management Co. LLC now owns 22,172 shares of the auto parts company’s stock worth $1,384,000 after buying an additional 4,496 shares in the last quarter. Hillcrest Asset Management LLC raised its stake in Tenneco by 7.8% in the first quarter. Hillcrest Asset Management LLC now owns 170,846 shares of the auto parts company’s stock worth $10,664,000 after buying an additional 12,427 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in Tenneco by 5.8% in the first quarter. Whittier Trust Co. now owns 20,546 shares of the auto parts company’s stock worth $1,282,000 after buying an additional 1,129 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

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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.

Analyst Recommendations for Tenneco (NYSE:TEN)

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