Advisor Group Inc. raised its stake in shares of Tenneco Inc. (NYSE:TEN) by 83.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,364 shares of the auto parts company’s stock after purchasing an additional 1,073 shares during the quarter. Advisor Group Inc.’s holdings in Tenneco were worth $143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Tenneco by 13.3% in the second quarter. BlackRock Inc. now owns 4,826,451 shares of the auto parts company’s stock valued at $279,112,000 after acquiring an additional 567,330 shares during the last quarter. AJO LP raised its stake in shares of Tenneco by 396.8% in the second quarter. AJO LP now owns 1,875,899 shares of the auto parts company’s stock valued at $108,483,000 after acquiring an additional 1,498,310 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Tenneco by 9.7% in the second quarter. Macquarie Group Ltd. now owns 1,464,260 shares of the auto parts company’s stock valued at $84,678,000 after acquiring an additional 129,641 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Tenneco by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,280,102 shares of the auto parts company’s stock valued at $74,027,000 after acquiring an additional 39,520 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Tenneco by 1.1% in the second quarter. State Street Corp now owns 1,104,977 shares of the auto parts company’s stock valued at $63,899,000 after acquiring an additional 12,291 shares during the last quarter. Institutional investors own 94.92% of the company’s stock.

Tenneco Inc. (TEN) traded down $0.71 during mid-day trading on Friday, reaching $58.45. 451,587 shares of the company traded hands, compared to its average volume of 368,871. The company has a quick ratio of 0.93, a current ratio of 1.33 and a debt-to-equity ratio of 2.29. Tenneco Inc. has a 1 year low of $51.54 and a 1 year high of $70.96. The company has a market cap of $3,064.88, a PE ratio of 8.78, a PEG ratio of 0.71 and a beta of 1.92.

Tenneco (NYSE:TEN) last posted its quarterly earnings data on Friday, October 27th. The auto parts company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.08. Tenneco had a net margin of 1.97% and a return on equity of 54.13%. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the company posted $1.53 EPS. Tenneco’s revenue was up 8.5% on a year-over-year basis. equities research analysts anticipate that Tenneco Inc. will post 6.7 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Monday, December 4th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.71%. The ex-dividend date is Friday, December 1st. Tenneco’s dividend payout ratio (DPR) is presently 30.21%.

In related news, VP John E. Kunz sold 9,573 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $57.00, for a total value of $545,661.00. Following the completion of the transaction, the vice president now owns 19,878 shares in the company, valued at approximately $1,133,046. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James D. Harrington sold 13,765 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $56.87, for a total transaction of $782,815.55. Following the completion of the transaction, the insider now owns 1,207 shares of the company’s stock, valued at approximately $68,642.09. The disclosure for this sale can be found here. Insiders sold a total of 54,818 shares of company stock valued at $3,154,175 in the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

A number of research firms have recently issued reports on TEN. KeyCorp reiterated a “buy” rating and issued a $80.00 target price (up previously from $73.00) on shares of Tenneco in a research note on Monday, October 30th. They noted that the move was a valuation call. Wells Fargo & Company cut their target price on shares of Tenneco from $68.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $67.70.

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About Tenneco

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.

Institutional Ownership by Quarter for Tenneco (NYSE:TEN)

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