Insider Selling: Neal Yanos Sells 20,380 Shares of Tenneco Stock (TEN)
Tenneco (NYSE:TEN) EVP Neal Yanos unloaded 20,380 shares of Tenneco stock on the open market in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $52.52, for a total transaction of $1,070,357.60. Following the completion of the transaction, the executive vice president now directly owns 19,578 shares in the company, valued at approximately $1,028,237. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on TEN. Analysts at Deutsche Bank raised their price target on shares of Tenneco (NYSE:TEN) from $53.00 to $56.00 in a research note to investors on Friday, September 27th. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “buy” rating on shares of Tenneco (NYSE:TEN) in a research note to investors on Friday, September 6th. They now have a $61.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $52.70.
Tenneco (NYSE:TEN) traded up 0.71% on Friday, hitting $52.21. 334,970 shares of the company’s stock traded hands. Tenneco has a one year low of $26.72 and a one year high of $52.93. The stock has a 50-day moving average of $49.09 and a 200-day moving average of $44.80. The company has a market cap of $3.190 billion and a P/E ratio of 11.49.
Tenneco (NYSE:TEN) last posted its quarterly earnings results on Monday, July 29th. The company reported $1.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.09 by $0.01. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the company posted $1.14 earnings per share. Tenneco’s revenue was up 7.7% compared to the same quarter last year.
Tenneco Inc (NYSE:TEN) is a producer of emission control and ride control products and systems for light, commercial and specialty vehicle applications.
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