As Tenneco INC (TEN) Shares Declined, Holder Stifel Financial Corp Has Cut Its Position

Tenneco Inc. (NYSE:TEN) LogoInvestors sentiment decreased to 0.87 in 2019 Q2. Its down 0.26, from 1.13 in 2019Q1. It dropped, as 47 investors sold TEN shares while 39 reduced holdings. 25 funds opened positions while 50 raised stakes. 47.47 million shares or 8.02% less from 51.61 million shares in 2019Q1 were reported. Tower Ltd (Trc) has invested 0.02% in Tenneco Inc. (NYSE:TEN). United Ser Automobile Association has invested 0% in Tenneco Inc. (NYSE:TEN). Us Bancorp De holds 0% or 1,951 shares. Parallax Volatility Advisers Limited Partnership invested 0% of its portfolio in Tenneco Inc. (NYSE:TEN). Massachusetts-based Loring Wolcott & Coolidge Fiduciary Llp Ma has invested 0% in Tenneco Inc. (NYSE:TEN). Whittier Tru Co invested in 255 shares. Farmers Merchants Invs Inc has 160 shares. Barrow Hanley Mewhinney Strauss Limited Liability Company holds 0% of its portfolio in Tenneco Inc. (NYSE:TEN) for 64,988 shares. Bancshares Of Ny Mellon Corp reported 483,825 shares. Schroder Investment Mngmt Gp invested 0% of its portfolio in Tenneco Inc. (NYSE:TEN). Clearbridge Investments Limited Liability holds 0% or 4,200 shares. Signaturefd Limited Liability holds 0% or 124 shares. 32,139 were reported by Manufacturers Life Ins The. Comerica Savings Bank owns 0% invested in Tenneco Inc. (NYSE:TEN) for 24,651 shares. Hrt Fincl Ltd Liability Corporation accumulated 27,373 shares.

Since August 7, 2019, it had 3 insider purchases, and 0 sales for $848,480 activity. 20,000 shares were bought by Smith Brandon B., worth $189,600 on Friday, August 9. Shares for $92,600 were bought by LETHAM DENNIS J.

Stifel Financial Corp decreased its stake in Tenneco Inc (TEN) by 25.48% based on its latest 2019Q2 regulatory filing with the SEC. Stifel Financial Corp sold 57,162 shares as the company’s stock declined 57.50% . The institutional investor held 167,210 shares of the o.e.m. company at the end of 2019Q2, valued at $10.18 million, down from 224,372 at the end of the previous reported quarter. Stifel Financial Corp who had been investing in Tenneco Inc for a number of months, seems to be less bullish one the $914.40 million market cap company. The stock increased 8.65% or $0.9 during the last trading session, reaching $11.3. About 1.01M shares traded. Tenneco Inc. (NYSE:TEN) has declined 80.22% since October 12, 2018 and is downtrending. It has underperformed by 80.22% the S&P500.

Stifel Financial Corp, which manages about $28.81 billion US Long portfolio, upped its stake in Comcast Corp New (NASDAQ:CMCSA) by 140,243 shares to 1.57M shares, valued at $60.23 million in 2019Q2, according to the filing. It also increased its holding in Pimco Etf Tr (BOND) by 55,210 shares in the quarter, for a total of 99,305 shares, and has risen its stake in Edgewell Pers Care Co.

Analysts await Tenneco Inc. (NYSE:TEN) to report earnings on October, 25. They expect $1.11 EPS, down 34.71 % or $0.59 from last year’s $1.7 per share. TEN’s profit will be $89.82M for 2.55 P/E if the $1.11 EPS becomes a reality. After $1.20 actual EPS reported by Tenneco Inc. for the previous quarter, Wall Street now forecasts -7.50 % negative EPS growth.

More notable recent Tenneco Inc. (NYSE:TEN) news were published by: Seekingalpha.com which released: “Your Warren Buffett Update: 47 Stocks With 33 Paying Dividends For October – Seeking Alpha” on October 12, 2019, also Finance.Yahoo.com with their article: “Here’s What You Should Know About Entergy Corporation’s (NYSE:ETR) 3.1% Dividend Yield – Yahoo Finance” published on October 12, 2019, Prnewswire.com published: “MOOG® Kicks-off New ‘Problem Solver’ Contest for Consumers – PRNewswire” on October 07, 2019. More interesting news about Tenneco Inc. (NYSE:TEN) were released by: Bizjournals.com and their article: “Ten years later, where are the Bay State’s top biopharma leaders now? – Boston Business Journal” published on October 03, 2019 as well as Prnewswire.com‘s news article titled: “Tenneco Third Quarter 2019 Earnings Release and Conference Call Notice – PRNewswire” with publication date: September 27, 2019.

Tenneco Inc. (NYSE:TEN) Ratings Coverage

Among 2 analysts covering Tenneco (NYSE:TEN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Tenneco has $17 highest and $900 lowest target. $12’s average target is 6.19% above currents $11.3 stock price. Tenneco had 6 analyst reports since April 13, 2019 according to SRatingsIntel. The stock of Tenneco Inc. (NYSE:TEN) has “Equal-Weight” rating given on Wednesday, August 14 by Morgan Stanley. Morgan Stanley maintained the shares of TEN in report on Tuesday, April 16 with “Underweight” rating. The firm earned “Buy” rating on Friday, May 10 by UBS. The firm earned “Buy” rating on Thursday, September 12 by UBS.

Tenneco Inc. (NYSE:TEN) Institutional Positions Chart

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