Gamco Investors INC. ET AL Has $5.14 Million Stock Holdings in Tenneco Inc. (NYSE:TEN)

Gamco Investors INC. ET AL trimmed its stake in shares of Tenneco Inc. (NYSE:TENGet Rating) by 0.4% during the fourth quarter, HoldingsChannel reports. The fund owned 454,723 shares of the auto parts company’s stock after selling 1,930 shares during the period. Gamco Investors INC. ET AL’s holdings in Tenneco were worth $5,138,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Gabelli Funds LLC raised its holdings in shares of Tenneco by 4.2% during the fourth quarter. Gabelli Funds LLC now owns 634,600 shares of the auto parts company’s stock worth $7,171,000 after acquiring an additional 25,500 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Tenneco by 5.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,805,023 shares of the auto parts company’s stock worth $20,397,000 after acquiring an additional 99,023 shares during the period. Ensign Peak Advisors Inc acquired a new stake in shares of Tenneco during the fourth quarter worth $56,000. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Tenneco during the fourth quarter worth $2,058,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Tenneco by 13,512.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,552,809 shares of the auto parts company’s stock worth $51,446,000 after acquiring an additional 4,519,363 shares during the period. Institutional investors and hedge funds own 65.90% of the company’s stock.

A number of research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Tenneco in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Wells Fargo & Company downgraded shares of Tenneco from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $22.00 to $20.00 in a research report on Thursday, February 24th. Jefferies Financial Group downgraded shares of Tenneco from a “buy” rating to a “hold” rating and raised their target price for the company from $15.00 to $20.00 in a research report on Thursday, February 24th. Morgan Stanley raised shares of Tenneco from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $8.00 to $20.00 in a research report on Thursday, February 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Tenneco from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, March 16th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.00.

Shares of TEN opened at $16.00 on Monday. The firm has a 50-day moving average of $17.42 and a 200-day moving average of $14.20. Tenneco Inc. has a one year low of $9.51 and a one year high of $22.75. The company has a market cap of $1.33 billion, a PE ratio of -19.28 and a beta of 1.96. The company has a debt-to-equity ratio of 13.94, a current ratio of 1.23 and a quick ratio of 0.81.

Tenneco (NYSE:TENGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The auto parts company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.78). Tenneco had a negative net margin of 0.38% and a positive return on equity of 20.83%. The firm had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the business earned $1.09 EPS. The business’s revenue was down 1.7% on a year-over-year basis. Analysts expect that Tenneco Inc. will post 3.94 earnings per share for the current year.

Tenneco Company Profile (Get Rating)

Tenneco Inc designs, manufactures, and sells clean air, and powertrain products and systems for light vehicle, commercial truck, off-highway, industrial, motorsport, and aftermarket customers worldwide. It operates through four segments: Motorparts, Performance Solutions, Clean Air, and Powertrain. The Motorparts segment offers shock and strut, steering and suspension, braking, sealing, emissions control, engine, and maintenance products under the Monroe, Champion, Öhlins, MOOG, Walker, Fel-Pro, Wagner, Ferodo, Rancho, Thrush, National, Sealed Power, and other brands.

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Institutional Ownership by Quarter for Tenneco (NYSE:TEN)

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