|Bid||13.45 x 2200|
|Ask||13.46 x 1100|
|Day's Range||13.38 - 14.85|
|52 Week Range||7.62 - 37.27|
|Beta (5Y Monthly)||2.37|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 12, 2020 - Mar 16, 2020|
|Forward Dividend & Yield||1.00 (11.36%)|
|1y Target Est||15.00|
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
DRiV™, a Tenneco Inc. (NYSE: TEN) business and leading global aftermarket and OE ride performance supplier, and several research partners have received a European Union Marie Sklodowska-Curie Actions mobility grant for development and evaluation of advanced wheel-corner concepts for autonomous vehicles. DRiV will collaborate with Arrival ltd, a London based technology company designing and manufacturing Generation 2.0 electric vehicles, and several leading universities and industrial organizations in Project OWHEEL, which will produce recommendations for improving ride dynamics and passenger comfort through innovative wheel-corner designs.
(Bloomberg) -- Apollo Global Management Inc. has offered to buy Tenneco Inc.’s powertrain business for $4.3 billion, according to people familiar with the matter.The private equity firm’s bid, described by people who asked not to be identified because the matter isn’t public, represents a significant sum relative to the $7 billion enterprise value of the auto-parts maker. The Lake Forest, Illinois-based company’s stock had slumped 52% this year through Monday’s close as earnings have slumped.Tenneco shares rose 7.8% to close at $14.28 on Tuesday, the highest since Nov. 12, after the Wall Street Journal first reported Apollo’s bid. The Journal said Tenneco is likely to reject Apollo’s offer because it includes several adjustments and doesn’t assume pension and other liabilities linked to the powertrain unit.Apollo declined to comment. A spokesman for Tenneco didn’t immediately respond to requests for comment.Tenneco has cut its forecast for revenue three times this year and its projection for adjusted Ebitda twice. The maker of shocks, struts and mufflers has been struggling to follow through with plans to separate its powertrain unit from its aftermarket and ride-performance business, a spinoff the company announced when it acquired Carl Icahn-owned Federal-Mogul in April 2018 for $5.4 billion.(Updates with enterprise value in second paragraph and closing share price in third paragraph)To contact the reporters on this story: Siddharth Philip in London at firstname.lastname@example.org;Kiel Porter in Chicago at email@example.comTo contact the editors responsible for this story: Anthony Palazzo at firstname.lastname@example.org, ;Liana Baker at email@example.com, Craig Trudell, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Throughout its 63-year history, the Nissan Skyline has showcased a broad range of innovative technologies engineered to deliver a differentiated and highly enjoyable driving experience. This tradition continues in 2020 Skyline 400R, which is now available in Japan with the Intelligent Dynamic Suspension (IDS) featuring DRiV™ Continuously Variable Semi-Active (CVSAe) suspension technology. DRiV is a Tenneco Inc. (NYSE: TEN) business and leading global aftermarket and ride performance supplier to OEMs globally.
Tenneco (TEN) forecasts a decline in light-vehicle production and a slight deceleration in commercial vehicle markets, which are likely to negatively affect the upcoming results.
Walker® Emissions Control, a leading global brand from DRiV™, has dramatically expanded its replacement catalytic converter and muffler product offerings, extending coverage to more than 40.3 million additional passenger vehicles. Now available through Walker product distributors are 53 additional Walker CalCat® converter, four new Walker Ultra® converter, nine new Walker Quiet-Flow® SS stainless-steel muffler, and 20 new Walker resonator assembly and pipe part numbers.
Monroe® Shocks and Struts, a leading global brand from DRiV™, has expanded its automotive ride control coverage to 3.5 million additional applications. The latest coverage expansion includes 25 new Monroe Quick-Strut® assembly part numbers, 20 of which are the first available within the aftermarket for their respective applications.
LAKE FOREST, Ill., Nov. 18, 2019 /PRNewswire/ -- Tenneco Inc. (TEN) today announced that Executive Vice President of Finance Ron Hundzinski will leave Tenneco at the end of the year to take a Chief Financial Officer role at a large multinational, public automotive company. As of Jan. 1, current new Tenneco Vice President of Investor Relations Rich Kwas will step in as interim head of Finance for the Clean Air and Powertrain businesses while the company conducts a search for a new Finance leader. Hundzinski will work closely with Kwas and the finance leaders of both the Powertrain and Clean Air organizations to ensure a smooth transition.
LAKE FOREST, Ill., Nov. 13, 2019 /PRNewswire/ -- Buyers of the Polestar 2 electric performance fastback will be able to select from two leading-edge ride performance technologies from DRiV™: shocks and struts equipped with Monroe® RideRefine™ RC1 frequency-dependent damping valve; and an optional performance package featuring the Ӧhlins DFV (Dual Flow Valve) adjustable dampers. DRiV is a Tenneco Inc. (TEN) business and leading global aftermarket and ride performance supplier. The first all-electric model from the electric performance car brand of Volvo Car Group and Zhejiang Geely Holding, the Polestar 2 will begin production in early 2020 in Luqiao, China.
LAKE FOREST, Ill., Nov. 11, 2019 /PRNewswire/ -- Tenneco Inc. (TEN) will participate in the Barclays Global Automotive Conference to be held at Barclays, in New York City on Thursday, November 21, 2019. Roger Wood, Co-Chief Executive Officer, Jason Hollar, Chief Financial Officer and Ron Hundzinski, Executive Vice President Finance will give a strategic overview and provide information regarding matters impacting Tenneco's outlook, including the plan to separate its businesses to form two new, independent companies, an Aftermarket and Ride Performance company as well as a new Powertrain Technology company. Headquartered in Lake Forest, Illinois, Tenneco is one of the world's leading designers, manufacturers and marketers of Aftermarket, Ride Performance, Clean Air and Powertrain products and technology solutions for diversified markets, including light vehicle, commercial truck, off-highway, industrial and the aftermarket, with 2018 pro forma revenue of $17.8 billion and approximately 81,000 employees worldwide.
SOUTHFIELD, Mich., Nov. 6, 2019 /PRNewswire/ -- DRiV™'s National® brand, offering premium wheel-end solutions for over 75 years, has introduced a new dual encoder bearing for automotive applications. Currently, National's dual encoder bearings are available for over 38 million vehicles in operation. Typical installation of a single encoder bearing requires the face of the magnetic encoder be fitted inwardly on the vehicle, facing away from the tire.
SOUTHFIELD, Mich. , Nov. 6, 2019 /PRNewswire/ -- DRiV Incorporated, along with three of its leading brands, received six awards for excellence in digital communications and content in the annual Automotive ...
SOUTHFIELD, Mich., Nov. 5, 2019 /PRNewswire/ -- National® Oil Seals, a trusted brand from DRiV™ for over 75 years, has launched an exclusive new application-specific hand install Red 375 Series seal with Dynamic Edge® technology for commercial vehicles. Designed to simplify installation, National's hand installable seals offer tool-free, on-the-fly installation that eliminates the need to find the correct installation tool; and saves potential damage to the seal through incorrect installation.
SOUTHFIELD, Mich., Nov. 5, 2019 /PRNewswire/ -- Fel-Pro® Gaskets, The Gasket Professionals Trust™ and a leading brand from DRiV Automotive Inc., has developed the next generation of proprietary coatings for its popular PermaTorque® MLS multi-layered steel head gaskets. This next generation coating has been designed to help adapt to today's higher temperature engine environments, as Fel-Pro engineers continue to develop sealing technology specifically designed for the repair environment. Created to help seal imperfect surfaces, Fel-Pro PermaTorque MLS head gaskets are equipped with a proprietary NextGen coating that resists scrubbing and compensates for surface finishes as rough as 80 Ra, creating a reliable seal that technicians can depend on.
SOUTHFIELD, Mich., Nov. 5, 2019 /PRNewswire/ -- Garage Gurus®, the first-of-its-kind national training platform from DRiV™, has expanded the number of training courses that are accessible to technicians online. Garage Gurus eLearning online is a way for technicians to sharpen their skills, or pick up new ones. Designed as a convenient option for techs who cannot attend any of the Garage Gurus classroom training sessions, courses are available online 24 hours a day, seven days a week, so they can be accessed according to each tech's schedule and need.
LAKE FOREST, Ill., Nov. 4, 2019 /PRNewswire/ -- DRiV, the $6 billion start-up being built from the combined strengths of Tenneco's ride performance and aftermarket business, Federal-Mogul Motorparts and Öhlins Racing, will attend SEMA 2019, November 5-7, 2019, in Las Vegas, Nev. This year's show marks the first time that many of the aftermarket's best-known and respected performance brands are showcased together in one booth, under the DRiV banner.
LAKE FOREST, Ill., Nov. 4, 2019 /PRNewswire/ -- DRiV™, the $6 billion company being built from the combined strengths of Tenneco Inc.'s (TEN) ride performance and aftermarket business, Federal-Mogul Motorparts and Öhlins Racing, will attend AAPEX 2019, November 5-7, 2019, in Las Vegas, Nevada. This year's show marks the first time that many of the aftermarket's best-known and respected brands are showcased together in one booth, under the DRiV banner. "We couldn't be more excited to show customers all the DRiV aftermarket brands under one roof at this year's show," said Brian Kesseler, DRiV CEO.
Latest Coverage Expansion Includes Monroe Quick-Strut® Assemblies for more than 165 Popular Import and Domestic Applications SOUTHFIELD, Mich. , Oct. 31, 2019 /PRNewswire/ -- The Monroe ® brand of shock ...
Expansion Includes New Part Introductions for MOOG Control Arm and Ball Joint Assemblies, Stabilizer Bar Bushing Kits and More, Including 17 First-to-Market Parts SOUTHFIELD, Mich. , Oct. 31, 2019 /PRNewswire/ ...
Tenneco (TEN) delivered earnings and revenue surprises of 26.80% and 0.91%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- Revenue growth continues to outpace light vehicle industry production. - Tenneco reports Q3 earnings per diluted share of $0.87 ; adjusted EPS of $1.23 - Company evaluating multiple strategic options ...