Fuller & Thaler Asset Management Inc Increased Tenneco Inc (NYSE:TEN) Stake by $71.84 Million

August 12, 2018 - By Theresa Judd

Tenneco Inc. (NYSE:TEN) LogoInvestors sentiment increased to 1.3 in Q1 2018. Its up 0.35, from 0.95 in 2017Q4. It is positive, as 15 investors sold TEN shares while 83 reduced holdings. 41 funds opened positions while 86 raised stakes. 46.74 million shares or 0.57% more from 46.48 million shares in 2017Q4 were reported. Moreover, Cooke & Bieler Lp has 0.76% invested in Tenneco Inc. (NYSE:TEN). Ajo L P accumulated 1.55 million shares. Dimensional Fund Advsr Lp, a Texas-based fund reported 1.28M shares. Private has invested 0.7% in Tenneco Inc. (NYSE:TEN). North Star Invest reported 50 shares. First Tru Lp invested in 47,066 shares. 384,489 are owned by Schwab Charles Mgmt Inc. Millennium Mgmt Limited Com accumulated 468,781 shares. Cortina Asset Mngmt Ltd Limited Liability Company has 78,182 shares. Hgk Asset Management holds 0.08% in Tenneco Inc. (NYSE:TEN) or 9,861 shares. Us State Bank De owns 3,731 shares for 0% of their portfolio. Leuthold Group Lc has 43,573 shares for 0.27% of their portfolio. Bartlett Llc holds 0% or 500 shares in its portfolio. Farmers Merchants Investments invested in 0% or 160 shares. Clearbridge Investments Limited Liability Corp holds 5,000 shares.

Since May 11, 2018, it had 1 insider purchase, and 0 insider sales for $1.00 million activity.

Fuller & Thaler Asset Management Inc increased its stake in Tenneco Inc (NYSE:TEN) by 1361.58% based on its latest 2018Q2 regulatory filing with the SEC. Fuller & Thaler Asset Management Inc bought 1.67 million shares as the company’s stock declined 17.45% with the market. The institutional investor held 1.79M shares of the o.e.m. company at the end of 2018Q2, valued at $78.84 million, up from 122,700 at the end of the previous reported quarter. Fuller & Thaler Asset Management Inc who had been investing in Tenneco Inc for a number of months, seems to be bullish on the $2.20 billion market cap company. The stock decreased 2.04% or $0.89 during the last trading session, reaching $42.8. About 738,484 shares traded or 33.72% up from the average. Tenneco Inc. (NYSE:TEN) has declined 16.26% since August 13, 2017 and is downtrending. It has underperformed by 28.83% the S&P500.

Fuller & Thaler Asset Management Inc, which manages about $2.14B and $9.25 billion US Long portfolio, decreased its stake in Acxiom Corp (NASDAQ:ACXM) by 524,184 shares to 1.15M shares, valued at $34.59 million in 2018Q2, according to the filing. It also reduced its holding in Wiley (John) & Sons (NYSE:JW.A) by 239,594 shares in the quarter, leaving it with 758,357 shares, and cut its stake in Clean Harbors Inc (NYSE:CLH).

Fuller & Thaler Asset Management Inc is a California-based institutional investor with more than $2.14 billion AUM in November, 2014. Taken from Fuller & Thaler Asset Management latest Adv, the fund reported to have 16 full and part-time employees. Among which 9 performing investment advisory and research functions. The institutional investor had between 11-25 clients.

Tenneco Inc. (NYSE:TEN) Ratings Coverage

Among 4 analysts covering Tenneco (NYSE:TEN), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Tenneco had 4 analyst reports since April 11, 2018 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, April 11. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Wednesday, May 9 report. The firm has “Neutral” rating given on Friday, April 13 by Goldman Sachs. The firm earned “Hold” rating on Wednesday, April 11 by Deutsche Bank.

Tenneco Inc. designs, manufactures, and distributes clean air and ride performance products and systems for light vehicle, commercial truck, off-highway, and other vehicle applications worldwide. The company has market cap of $2.20 billion. The firm offers various vehicle emission control products and systems, including catalytic converters and diesel oxidation catalysts, diesel particulate filters, burner systems, lean nitrogen oxide traps, hydrocarbon vaporizers and injectors, selective catalytic reduction (SCR) systems, SCR-coated diesel particulate filters systems, urea dosing systems, four-way catalysts, alternative NOx reduction technologies, mufflers and resonators, fabricated exhaust manifolds, pipes, hydroformed assemblies, elastomeric hangers and isolators, and after treatment control units. It has a 8.56 P/E ratio. It also provides ride performance products and systems, such as shock absorbers; struts; vibration control components; kinetic suspension technology systems, dual-mode suspension solutions, semi-active and active suspension systems, and kinetic H2/continuously variable semi-active continuously variable semi active suspension systems; and other ride performance products comprising load assist products, springs, steering stabilizers, adjustable suspension systems, suspension kits, and modular assemblies.

More recent Tenneco Inc. (NYSE:TEN) news were published by: Seekingalpha.com which released: “Auto supplier sector on watch” on July 25, 2018. Also Seekingalpha.com published the news titled: “Tenneco’s (TEN) CEO Brian Kesseler on Q2 2018 Results – Earnings Call Transcript” on July 27, 2018. Seekingalpha.com‘s news article titled: “Tenneco Inc. 2018 Q2 – Results – Earnings Call Slides” with publication date: July 27, 2018 was also an interesting one.

Tenneco Inc. (NYSE:TEN) Institutional Positions Chart

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