Deutsche Bank AG increased its holdings in shares of Tennant (NYSE:TNC) by 3.4% during the fourth quarter, Holdings Channel reports. The fund owned 111,102 shares of the industrial products company’s stock after buying an additional 3,650 shares during the period. Deutsche Bank AG’s holdings in Tennant were worth $5,788,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Quantamental Technologies LLC acquired a new position in Tennant during the fourth quarter worth about $26,000. Dynamic Technology Lab Private Ltd acquired a new position in Tennant during the third quarter worth about $205,000. SNS Financial Group LLC boosted its position in Tennant by 25.2% during the fourth quarter. SNS Financial Group LLC now owns 3,975 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 800 shares during the last quarter. Actinver Wealth Management Inc. acquired a new position in Tennant during the fourth quarter worth about $216,000. Finally, Bessemer Group Inc. acquired a new position in Tennant during the fourth quarter worth about $241,000. Hedge funds and other institutional investors own 85.89% of the company’s stock.
Shares of TNC stock opened at $67.24 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.34 and a debt-to-equity ratio of 1.04. Tennant has a 12 month low of $48.97 and a 12 month high of $86.03. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 2.81 and a beta of 1.13.
Separately, Zacks Investment Research upgraded shares of Tennant from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Tuesday, January 15th.
TRADEMARK VIOLATION NOTICE: This news story was posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/04/24/deutsche-bank-ag-acquires-3650-shares-of-tennant-tnc.html.
Tennant Company designs, manufactures, and markets floor cleaning equipment worldwide. The company offers a suite of products, including floor maintenance and outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, specialty surface coatings, and asset management solutions.
See Also: Diversification
Want to see what other hedge funds are holding TNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tennant (NYSE:TNC).
Receive News & Ratings for Tennant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tennant and related companies with MarketBeat.com's FREE daily email newsletter.