Blair William & Co. IL Has $7.25 Million Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Blair William & Co. IL cut its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 61.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 181,894 shares of the industrial products company's stock after selling 286,029 shares during the period. Blair William & Co. IL owned approximately 0.07% of Tetra Tech worth $7,247,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TTEK. Oregon Public Employees Retirement Fund grew its position in shares of Tetra Tech by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company's stock worth $2,172,000 after purchasing an additional 400 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Tetra Tech by 0.9% during the 4th quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company's stock valued at $1,809,000 after acquiring an additional 411 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Tetra Tech by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company's stock worth $331,000 after purchasing an additional 438 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Tetra Tech by 13.0% in the fourth quarter. Farther Finance Advisors LLC now owns 4,009 shares of the industrial products company's stock worth $160,000 after purchasing an additional 461 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in Tetra Tech by 98.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 495 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TTEK. KeyCorp reduced their price objective on shares of Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a research report on Friday, January 31st. Finally, Maxim Group cut Tetra Tech from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.92.

Insiders Place Their Bets

In related news, Director Kirsten M. Volpi sold 10,116 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total value of $347,282.28. Following the sale, the director now owns 60,196 shares of the company's stock, valued at $2,066,528.68. The trade was a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.40% of the company's stock.

Tetra Tech Price Performance

NASDAQ:TTEK traded down $0.80 on Thursday, hitting $30.03. The company had a trading volume of 606,863 shares, compared to its average volume of 1,963,388. The firm has a 50 day moving average of $31.39 and a two-hundred day moving average of $39.82. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 31.54 and a beta of 0.93. Tetra Tech, Inc. has a 52 week low of $28.17 and a 52 week high of $51.20. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. On average, research analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Wednesday, February 12th. Tetra Tech's payout ratio is 24.21%.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.