Tetra Tech, Inc. (NASDAQ:TTEK) Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC cut its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 38.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,801 shares of the industrial products company's stock after selling 39,459 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Tetra Tech were worth $2,502,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TTEK. Allworth Financial LP increased its holdings in shares of Tetra Tech by 629.3% in the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 472 shares during the period. LGT Financial Advisors LLC boosted its holdings in Tetra Tech by 400.0% in the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 444 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Tetra Tech by 3,261.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock valued at $29,000 after buying an additional 587 shares during the period. Canton Hathaway LLC grew its holdings in Tetra Tech by 400.0% during the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company's stock worth $30,000 after acquiring an additional 516 shares during the period. Finally, Banque Cantonale Vaudoise boosted its position in shares of Tetra Tech by 400.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company's stock worth $33,000 after purchasing an additional 556 shares in the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on TTEK shares. Robert W. Baird increased their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Maxim Group lowered shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. StockNews.com downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. KeyCorp reduced their price target on shares of Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Finally, Royal Bank of Canada restated an "outperform" rating and set a $52.00 price objective on shares of Tetra Tech in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $48.52.

Tetra Tech Trading Down 1.8 %

Shares of NASDAQ:TTEK traded down $0.56 during trading on Thursday, reaching $29.96. The stock had a trading volume of 2,024,230 shares, compared to its average volume of 3,412,504. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a market cap of $8.03 billion, a P/E ratio of 31.47 and a beta of 0.89. The business has a fifty day moving average price of $37.97 and a 200-day moving average price of $43.26. Tetra Tech, Inc. has a fifty-two week low of $29.95 and a fifty-two week high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. As a group, analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.058 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.77%. Tetra Tech's payout ratio is currently 24.16%.

Insider Buying and Selling

In related news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the transaction, the director now owns 60,196 shares in the company, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company's stock.

Tetra Tech Company Profile

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.