Duff & Phelps Investment Management Co. Sells 148,134 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Duff & Phelps Investment Management Co. reduced its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 23.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 482,826 shares of the industrial products company's stock after selling 148,134 shares during the period. Duff & Phelps Investment Management Co. owned about 0.18% of Tetra Tech worth $19,236,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its stake in Tetra Tech by 0.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company's stock worth $2,172,000 after buying an additional 400 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Tetra Tech by 0.9% during the fourth quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company's stock valued at $1,809,000 after purchasing an additional 411 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Tetra Tech by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company's stock valued at $331,000 after purchasing an additional 438 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Tetra Tech by 13.0% in the 4th quarter. Farther Finance Advisors LLC now owns 4,009 shares of the industrial products company's stock valued at $160,000 after buying an additional 461 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Tetra Tech by 98.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock worth $40,000 after buying an additional 495 shares during the period. Institutional investors own 93.89% of the company's stock.

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Insider Buying and Selling

In other news, Director Kirsten M. Volpi sold 10,116 shares of the business'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 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Tetra Tech Trading Up 0.5 %

Shares of NASDAQ:TTEK traded up $0.14 during mid-day trading on Tuesday, hitting $29.39. The company had a trading volume of 451,405 shares, compared to its average volume of 1,954,385. The firm has a fifty day moving average price of $31.87 and a 200 day moving average price of $40.00. Tetra Tech, Inc. has a one year low of $28.17 and a one year high of $51.20. The company has a market capitalization of $7.88 billion, a PE ratio of 30.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating 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, research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $0.058 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a yield of 0.79%. Tetra Tech's dividend payout ratio (DPR) is currently 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.