Connor Clark & Lunn Investment Management Ltd. Sells 117,108 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Connor Clark & Lunn Investment Management Ltd. lowered its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 93.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,451 shares of the industrial products company's stock after selling 117,108 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Tetra Tech were worth $337,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of Tetra Tech by 406.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company's stock valued at $222,466,000 after buying an additional 3,785,189 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Tetra Tech by 357.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company's stock worth $97,644,000 after purchasing an additional 1,618,211 shares during the last quarter. King Luther Capital Management Corp lifted its position in Tetra Tech by 324.0% during the 4th quarter. King Luther Capital Management Corp now owns 1,278,295 shares of the industrial products company's stock valued at $50,927,000 after purchasing an additional 976,810 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Tetra Tech by 365.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,138,716 shares of the industrial products company's stock valued at $53,739,000 after purchasing an additional 893,827 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Tetra Tech by 365.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,077,828 shares of the industrial products company's stock worth $50,830,000 after buying an additional 846,284 shares during the period. Institutional investors own 93.89% of the company's stock.

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Analyst Ratings Changes

Several equities analysts recently weighed in on TTEK shares. KeyCorp cut their price objective 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. Maxim Group cut Tetra Tech from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada set a $49.00 target price on Tetra Tech in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Tetra Tech presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.92.

Insiders Place Their Bets

In other news, Director Kirsten M. Volpi sold 10,116 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the completion of the transaction, the director now directly owns 60,196 shares of the company's stock, valued at $2,066,528.68. This trade represents a 14.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.40% of the company's stock.

Tetra Tech Trading Up 0.6 %

TTEK stock traded up $0.17 during midday trading on Thursday, hitting $29.50. 1,391,129 shares of the company's stock were exchanged, compared to its average volume of 1,911,282. Tetra Tech, Inc. has a one year low of $28.17 and a one year high of $51.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $7.91 billion, a PE ratio of 30.99 and a beta of 0.93. The stock's fifty day moving average price is $32.91 and its 200-day moving average price is $40.56.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) 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%. Research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Wednesday, February 12th. Tetra Tech's payout ratio is presently 24.21%.

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.