International Assets Investment Management LLC Decreases Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

International Assets Investment Management LLC lessened its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 97.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,885 shares of the industrial products company's stock after selling 271,255 shares during the quarter. International Assets Investment Management LLC's holdings in Tetra Tech were worth $235,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sarasin & Partners LLP grew its position in shares of Tetra Tech by 330.9% in the 3rd quarter. Sarasin & Partners LLP now owns 4,950,383 shares of the industrial products company's stock valued at $233,460,000 after buying an additional 3,801,435 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Tetra Tech by 406.6% during the third quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company's stock worth $222,466,000 after purchasing an additional 3,785,189 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Tetra Tech by 387.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,299,418 shares of the industrial products company's stock worth $155,601,000 after purchasing an additional 2,622,288 shares in the last quarter. abrdn plc lifted its holdings in shares of Tetra Tech by 353.0% in the 3rd quarter. abrdn plc now owns 2,110,076 shares of the industrial products company's stock valued at $98,477,000 after purchasing an additional 1,644,267 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Tetra Tech by 357.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company's stock valued at $97,644,000 after purchasing an additional 1,618,211 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

TTEK traded down $0.33 during trading on Tuesday, hitting $41.47. The stock had a trading volume of 378,410 shares, compared to its average volume of 1,425,367. Tetra Tech, Inc. has a twelve month low of $31.61 and a twelve month high of $51.20. The firm has a market capitalization of $11.10 billion, a P/E ratio of 33.66 and a beta of 0.90. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. The company's 50-day moving average price is $41.94 and its 200 day moving average price is $44.28.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were issued a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Wednesday, November 27th. Tetra Tech's dividend payout ratio is presently 18.70%.

Analyst Ratings Changes

TTEK has been the topic of several research analyst reports. KeyCorp cut their price target on Tetra Tech from $56.00 to $49.00 and set an "overweight" rating on the stock in a research report on Friday, November 15th. StockNews.com cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Royal Bank of Canada reiterated an "outperform" rating and set a $52.00 price target on shares of Tetra Tech in a research note on Friday, November 15th. Finally, Robert W. Baird lifted their price objective on shares of Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $49.32.

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.