Stifel Financial Corp Trimmed Holding in Tenneco INC (TEN) as Share Price Declined

Tenneco Inc. (NYSE:TEN) LogoInvestors sentiment decreased to 0.87 in Q2 2019. Its down 0.26, from 1.13 in 2019Q1. It worsened, 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. Comerica Financial Bank holds 24,651 shares. 5.65 million were accumulated by Icahn Carl C. Trexquant Invest Limited Partnership reported 19,249 shares. Schroder Investment Group reported 0% stake. Bartlett Ltd Liability Company reported 2,500 shares. Callahan Advsrs Lc reported 0.05% in Tenneco Inc. (NYSE:TEN). Moreover, Jpmorgan Chase And Company has 0% invested in Tenneco Inc. (NYSE:TEN). Great West Life Assurance Com Can invested in 0% or 9,696 shares. Sg Americas Secs Ltd Liability Co owns 0% invested in Tenneco Inc. (NYSE:TEN) for 13,525 shares. San Francisco Sentry Grp (Ca) owns 113 shares. Prelude Management Ltd Liability Company holds 0.01% of its portfolio in Tenneco Inc. (NYSE:TEN) for 26,500 shares. Signaturefd Ltd Liability Corporation holds 0% or 124 shares. Zeke Capital Ltd Limited Liability Company holds 0.04% or 36,353 shares in its portfolio. Royal National Bank Of Canada invested in 14,891 shares. Quantbot Techs Lp stated it has 0.08% of its portfolio in Tenneco Inc. (NYSE:TEN).

Since August 7, 2019, it had 3 insider purchases, and 0 selling transactions for $848,480 activity. LETHAM DENNIS J bought 10,000 shares worth $92,600. Smith Brandon B. also bought $189,600 worth of Tenneco Inc. (NYSE:TEN) on Friday, August 9.

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 $10.18M, 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 1.01 million 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 $28.81B US Long portfolio, upped its stake in Salesforce Com Inc (NYSE:CRM) by 281,472 shares to 566,008 shares, valued at $52.84 million in 2019Q2, according to the filing. It also increased its holding in First Tr Exchange Traded Fd (FXO) by 177,946 shares in the quarter, for a total of 230,323 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

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 $89.82 million 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: Finance.Yahoo.com which released: “DiamondRock Hospitality Company (NYSE:DRH)’s Could Be A Buy For Its Upcoming Dividend – Yahoo Finance” on September 22, 2019, also Seekingalpha.com with their article: “Best To Avoid Tenneco – Seeking Alpha” published on September 30, 2019, Seekingalpha.com published: “Your Warren Buffett Update: 47 Stocks With 33 Paying Dividends For October – Seeking Alpha” on October 12, 2019. More interesting news about Tenneco Inc. (NYSE:TEN) were released by: Finance.Yahoo.com and their article: “Income Investors Should Know That Pentair plc (NYSE:PNR) Goes Ex-Dividend Soon – Yahoo Finance” published on October 12, 2019 as well as Bizjournals.com‘s news article titled: “Ten years later, where are the Bay State’s top biopharma leaders now? – Boston Business Journal” with publication date: October 03, 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 company was maintained on Thursday, September 12 by UBS. The rating was maintained by UBS on Friday, May 10 with “Buy”. As per Wednesday, August 14, the company rating was upgraded by Morgan Stanley. Morgan Stanley maintained it with “Underweight” rating and $17 target in Tuesday, April 16 report.

Tenneco Inc. (NYSE:TEN) Institutional Positions Chart

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