Tenneco Inc (NYSE:TEN) 2018 Q2 Sentiment

October 2, 2018 - By Ash

Tenneco Inc. (NYSE:TEN) Logo

Sentiment for Tenneco Inc (NYSE:TEN)

Tenneco Inc (NYSE:TEN) institutional sentiment decreased to 0.89 in Q2 2018. Its down -0.41, from 1.3 in 2018Q1. The ratio is negative, as 109 funds increased or opened new stock positions, while 122 sold and reduced their stock positions in Tenneco Inc. The funds in our partner’s database now have: 44.74 million shares, down from 46.74 million shares in 2018Q1. Also, the number of funds holding Tenneco Inc in their top 10 stock positions decreased from 1 to 0 for a decrease of 1. Sold All: 43 Reduced: 79 Increased: 81 New Position: 28.

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 has market cap of $2.16 billion. The firm offers various vehicle emission control products and systems, including catalytic converters and diesel oxidation catalysts, diesel particulate filters, burner systems, lean nitrogen oxide traps, hydrocarbon vaporizers and injectors, selective catalytic reduction (SCR)systems, SCR-coated diesel particulate filters (SDPF) 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. It has a 8.4 P/E ratio. It also provides ride performance products and systems, such as shock absorbers; struts; vibration control components; kinetic suspension technology systems, dual-mode suspension solutions, semi-active and active suspension systems, and kinetic H2/CVSA continuously variable semi active suspension systems; and other ride performance products comprising load assist products, springs, steering stabilizers, adjustable suspension systems, suspension kits, and modular assemblies.

The stock decreased 0.36% or $0.15 during the last trading session, reaching $41.99. About 314,015 shares traded. Tenneco Inc. (NYSE:TEN) has declined 24.42% since October 2, 2017 and is downtrending. It has underperformed by 40.04% the S&P500.

Analysts await Tenneco Inc. (NYSE:TEN) to report earnings on October, 26. They expect $1.60 earnings per share, down 4.19 % or $0.07 from last year’s $1.67 per share. TEN’s profit will be $82.27M for 6.56 P/E if the $1.60 EPS becomes a reality. After $1.92 actual earnings per share reported by Tenneco Inc. for the previous quarter, Wall Street now forecasts -16.67 % negative EPS growth.

Towle & Co holds 2.26% of its portfolio in Tenneco Inc. for 533,750 shares. Dean Capital Management owns 61,795 shares or 1.79% of their US portfolio. Moreover, New Amsterdam Partners Llc Ny has 1.65% invested in the company for 158,837 shares. The New York-based Lyrical Asset Management Lp has invested 1.4% in the stock. Hillcrest Asset Management Llc, a Texas-based fund reported 159,117 shares.

Since January 1, 0001, it had 1 insider buy, and 0 sales for $1.00 million activity.

Tenneco Inc. (NYSE:TEN) Ratings Coverage

Ratings analysis reveals 0 of Tenneco’s analysts are positive. Out of 4 Wall Street analysts rating Tenneco, 0 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $40 while the high is $6500. The stock’s average target of $55.33 is 31.77% above today’s ($41.99) share price. TEN was included in 5 notes of analysts from April 11, 2018. The stock of Tenneco Inc. (NYSE:TEN) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, May 9. Goldman Sachs downgraded the shares of TEN in report on Friday, April 13 to “Neutral” rating. The rating was maintained by Deutsche Bank on Wednesday, April 11 with “Hold”. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, August 13. The firm has “Hold” rating given on Wednesday, April 11 by RBC Capital Markets.

More news for Tenneco Inc. (NYSE:TEN) were recently published by: Seekingalpha.com, which released: “Tenneco closes Federal-Mogul deal; Icahn confirms 9.9% active stake” on October 01, 2018. Seekingalpha.com‘s article titled: “Tenneco a supplier for the Jaguar E-PACE SUV” and published on September 26, 2018 is yet another important article.

Tenneco Inc. (NYSE:TEN) Institutional Positions Chart

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