Shares of Tenneco Inc (NYSE:TEN) have been assigned an average rating of “Hold” from the ten analysts that are covering the stock, reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $63.75.

Several research analysts have recently issued reports on TEN shares. Morgan Stanley lowered their price objective on Tenneco from $41.00 to $40.00 and set a “hold” rating for the company in a research note on Monday, August 13th. ValuEngine downgraded shares of Tenneco from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd.

Shares of Tenneco stock traded up $0.65 on Friday, hitting $42.91. The stock had a trading volume of 455,307 shares, compared to its average volume of 372,672. Tenneco has a twelve month low of $41.26 and a twelve month high of $65.59. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.22 and a quick ratio of 0.85. The company has a market capitalization of $2.15 billion, a P/E ratio of 6.23, a P/E/G ratio of 0.56 and a beta of 1.80.

Tenneco (NYSE:TEN) last released its quarterly earnings data on Friday, July 27th. The auto parts company reported $1.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.00 by ($0.08). Tenneco had a net margin of 2.59% and a return on equity of 48.44%. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the company earned $1.90 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. equities analysts anticipate that Tenneco will post 6.81 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Tuesday, September 4th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Friday, August 31st. Tenneco’s dividend payout ratio is presently 14.51%.

In other news, Director Thomas C. Freyman bought 5,000 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was acquired at an average price of $44.49 per share, with a total value of $222,450.00. Following the transaction, the director now owns 22,265 shares of the company’s stock, valued at approximately $990,569.85. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.95% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Algert Global LLC grew its position in shares of Tenneco by 5.5% during the 2nd quarter. Algert Global LLC now owns 94,191 shares of the auto parts company’s stock worth $4,141,000 after buying an additional 4,945 shares during the period. SG Americas Securities LLC grew its position in shares of Tenneco by 984.5% during the 2nd quarter. SG Americas Securities LLC now owns 50,169 shares of the auto parts company’s stock worth $2,205,000 after buying an additional 45,543 shares during the period. Comerica Bank acquired a new stake in shares of Tenneco during the 2nd quarter worth approximately $434,000. Spark Investment Management LLC grew its position in shares of Tenneco by 146.9% during the 2nd quarter. Spark Investment Management LLC now owns 156,800 shares of the auto parts company’s stock worth $6,892,000 after buying an additional 93,300 shares during the period. Finally, Horrell Capital Management Inc. grew its position in shares of Tenneco by 4.1% during the 2nd quarter. Horrell Capital Management Inc. now owns 30,610 shares of the auto parts company’s stock worth $1,346,000 after buying an additional 1,205 shares during the period. 89.70% of the stock is owned by institutional investors and hedge funds.

Tenneco Company Profile

Tenneco Inc designs, manufactures, and distributes clean air and ride performance products and systems for light vehicle, commercial truck, off-highway, and other vehicle applications worldwide. The company offers various vehicle emission control products and systems, including catalytic converters and diesel oxidation catalysts, diesel particulate filters, burner systems, lean nitrogen oxide (NOx) traps, hydrocarbon vaporizers and injectors, selective catalytic reduction (SCR) systems, SCR-coated diesel particulate filters systems, urea dosing systems, four-way catalysts, alternative NOx reduction technologies, mufflers and resonators, fabricated exhaust manifolds, pipes, hydroformed assemblies, elastomeric hangers and isolators, and after treatment control units.

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Analyst Recommendations for Tenneco (NYSE:TEN)

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