Billings Capital Management buys $13,000,347 stake in Tenneco Inc (TEN)

Tenneco Inc (TEN) : Billings Capital Management scooped up 3,849 additional shares in Tenneco Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 238,058 shares of Tenneco Inc which is valued at $13,000,347.Tenneco Inc makes up approximately 9.10% of Billings Capital Management’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management boosted its stake in TEN in the latest quarter, The investment management firm added 70,282 additional shares and now holds a total of 127,683 shares of Tenneco Inc which is valued at $6,972,769. Tenneco Inc makes up approx 0.01% of Aqr Capital Management’s portfolio.California State Teachers Retirement System boosted its stake in TEN in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 119,484 shares of Tenneco Inc which is valued at $6,329,067. Tenneco Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Teacher Retirement System Of Texas reduced its stake in TEN by selling 1,954 shares or 24.23% in the most recent quarter. The Hedge Fund company now holds 6,110 shares of TEN which is valued at $320,042.Aperio Group boosted its stake in TEN in the latest quarter, The investment management firm added 248 additional shares and now holds a total of 20,263 shares of Tenneco Inc which is valued at $1,072,723. Tenneco Inc makes up approx 0.01% of Aperio Group’s portfolio. Cooke Bieler Lp added TEN to its portfolio by purchasing 117,830 company shares during the most recent quarter which is valued at $6,510,108. Tenneco Inc makes up approx 0.14% of Cooke Bieler Lp’s portfolio.

Tenneco Inc opened for trading at $56.93 and hit $58.21 on the upside on Monday, eventually ending the session at $57.65, with a gain of 1.26% or 0.72 points. The heightened volatility saw the trading volume jump to 5,32,033 shares. Company has a market cap of $3,173 M.

On the company’s financial health, Tenneco Inc reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 28, 2016. Analyst had a consensus of $1.50. The company had revenue of $2100.00 million for the quarter, compared to analysts expectations of $2126.50 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS.

Tenneco Inc. (Tenneco) is a producer of clean air and ride performance products and systems for light vehicle commercial truck off-highway and other vehicle applications. The Company serves both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets or aftermarket across the world. The Company operates in six segments: North America Clean Air; North America Ride Performance; Europe South America and India Clean Air; Europe South America and India Ride Performance; Asia Pacific Clean Air and Asia Pacific Ride Performance. The Company’s various brands include Monroe Rancho Clevite Elastomers Marzocchi Axios Kinetic and Fric-Rot Walker XNOx Fonos DynoMax and Thrush clean air products. As a parts supplier it produces individual component parts for vehicles as well as groups of components that are combined as modules or systems within vehicles.

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