Tenneco (TEN) Shareholder Origin Asset Management Llp Has Trimmed Its Stake by $974,400; Advent International Increases Holding in Express Scripts Hldg Co (ESRX)

April 21, 2018 - By mmahotstuff

Tenneco Inc. (NYSE:TEN) Logo

Origin Asset Management Llp decreased its stake in Tenneco Inc (TEN) by 10.97% based on its latest 2017Q4 regulatory filing with the SEC. Origin Asset Management Llp sold 16,800 shares as the company’s stock declined 9.20% with the market. The institutional investor held 136,300 shares of the o.e.m. company at the end of 2017Q4, valued at $7.98M, down from 153,100 at the end of the previous reported quarter. Origin Asset Management Llp who had been investing in Tenneco Inc for a number of months, seems to be less bullish one the $2.61B market cap company. The stock decreased 1.67% or $0.86 during the last trading session, reaching $50.72. About 682,617 shares traded or 17.01% up from the average. Tenneco Inc. (NYSE:TEN) has declined 15.35% since April 21, 2017 and is downtrending. It has underperformed by 26.90% the S&P500.

Advent International Corp increased its stake in Express Scripts Hldg Co (ESRX) by 8.32% based on its latest 2017Q4 regulatory filing with the SEC. Advent International Corp bought 16,771 shares as the company’s stock declined 5.58% with the market. The hedge fund held 218,421 shares of the medical and nursing services company at the end of 2017Q4, valued at $16.30 million, up from 201,650 at the end of the previous reported quarter. Advent International Corp who had been investing in Express Scripts Hldg Co for a number of months, seems to be bullish on the $41.27 billion market cap company. The stock decreased 0.37% or $0.27 during the last trading session, reaching $73.49. About 1.80 million shares traded. Express Scripts Holding Company (NASDAQ:ESRX) has risen 8.93% since April 21, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

Among 11 analysts covering Tenneco Inc (NYSE:TEN), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Tenneco Inc had 48 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets with “Buy” on Thursday, October 12. The firm earned “Hold” rating on Friday, October 27 by RBC Capital Markets. Wells Fargo maintained it with “Market Perform” rating and $60 target in Monday, February 12 report. As per Monday, October 16, the company rating was maintained by RBC Capital Markets. Wells Fargo maintained the shares of TEN in report on Monday, October 30 with “Market Perform” rating. The stock of Tenneco Inc. (NYSE:TEN) earned “Hold” rating by Jefferies on Monday, September 11. The rating was maintained by RBC Capital Markets with “Hold” on Sunday, October 1. The firm has “Hold” rating by Jefferies given on Thursday, July 6. Guggenheim maintained it with “Buy” rating and $70.0 target in Monday, February 12 report. Barclays Capital maintained the shares of TEN in report on Monday, January 25 with “Equal Weight” rating.

Since December 13, 2017, it had 0 insider purchases, and 1 insider sale for $320,629 activity.

Investors sentiment decreased to 0.95 in Q4 2017. Its down 0.04, from 0.99 in 2017Q3. It dived, as 24 investors sold TEN shares while 93 reduced holdings. 26 funds opened positions while 85 raised stakes. 46.48 million shares or 2.80% less from 47.82 million shares in 2017Q3 were reported. Strs Ohio, Ohio-based fund reported 99,000 shares. Teachers Retirement Sys Of The State Of Kentucky has 0.02% invested in Tenneco Inc. (NYSE:TEN). 591,673 were reported by Geode Capital Mgmt Limited Liability. Moreover, Jacobs Levy Equity Mgmt has 0.26% invested in Tenneco Inc. (NYSE:TEN) for 253,789 shares. Huntington Bancshares has 0% invested in Tenneco Inc. (NYSE:TEN) for 1,355 shares. Prescott Grp Cap Management Lc accumulated 20,500 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.23% or 41,100 shares. Massmutual Tru Com Fsb Adv reported 11 shares or 0% of all its holdings. Monroe National Bank & Trust Trust Mi accumulated 0% or 187 shares. Northern reported 664,412 shares or 0.01% of all its holdings. Regent Inv Mgmt Ltd Liability Company holds 0.07% or 3,600 shares in its portfolio. 46,422 were reported by First National Bank & Trust Of Omaha. Private Grp Inc has invested 0.67% of its portfolio in Tenneco Inc. (NYSE:TEN). Dekabank Deutsche Girozentrale, a Germany-based fund reported 922 shares. Victory Cap Mngmt has invested 0% in Tenneco Inc. (NYSE:TEN).

Origin Asset Management Llp, which manages about $2.70B and $1.75B US Long portfolio, upped its stake in Paycom Software Inc (NYSE:PAYC) by 6,100 shares to 113,764 shares, valued at $9.14M in 2017Q4, according to the filing. It also increased its holding in Pilgrims Pride Corp New (NASDAQ:PPC) by 144,600 shares in the quarter, for a total of 849,100 shares, and has risen its stake in Mgic Invt Corp Wis (NYSE:MTG).

Analysts await Tenneco Inc. (NYSE:TEN) to report earnings on May, 7. They expect $1.67 earnings per share, up 9.15% or $0.14 from last year’s $1.53 per share. TEN’s profit will be $85.87 million for 7.59 P/E if the $1.67 EPS becomes a reality. After $1.89 actual earnings per share reported by Tenneco Inc. for the previous quarter, Wall Street now forecasts -11.64% negative EPS growth.

Investors sentiment increased to 0.69 in 2017 Q4. Its up 0.07, from 0.62 in 2017Q3. It improved, as 68 investors sold ESRX shares while 407 reduced holdings. 111 funds opened positions while 216 raised stakes. 479.40 million shares or 1.52% less from 486.80 million shares in 2017Q3 were reported. Alps Incorporated has invested 0% in Express Scripts Holding Company (NASDAQ:ESRX). Davidson Investment Advsr reported 0.84% stake. Parkside Natl Bank And Tru accumulated 7,402 shares or 0.2% of the stock. Newman Dignan Sheerar holds 3,409 shares or 0.13% of its portfolio. Neville Rodie Shaw holds 0.21% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX) for 26,099 shares. American Assets Invest Ltd Liability Corporation stated it has 0.29% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX). Lpl Financial Ltd Liability Corp reported 95,010 shares stake. Janney Montgomery Scott Ltd Liability Corporation reported 140,069 shares. Raymond James Fincl Service Advsr Incorporated reported 224,857 shares stake. Everett Harris & Ca reported 0.01% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX). Busey Trust reported 88,108 shares stake. Muhlenkamp & holds 1.33% or 60,439 shares. Captrust Fin, a North Carolina-based fund reported 18,698 shares. Field & Main Financial Bank holds 7,640 shares. 100,691 were accumulated by Meritage Port.

Express Scripts Holding Company (NASDAQ:ESRX) Institutional Positions Chart

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