IQ EQ FUND MANAGEMENT IRELAND Ltd Reduces Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 58.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,725 shares of the industrial products company's stock after selling 31,825 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Tetra Tech were worth $905,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund lifted its position in 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 buying an additional 400 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Tetra Tech by 0.9% in 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 acquiring an additional 411 shares during the last quarter. CIBC Asset Management Inc raised its holdings in 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 worth $331,000 after acquiring an additional 438 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Tetra Tech by 13.0% during the fourth quarter. Farther Finance Advisors LLC now owns 4,009 shares of the industrial products company's stock valued at $160,000 after purchasing an additional 461 shares during the last quarter. Finally, Jones Financial Companies Lllp grew 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. Institutional investors own 93.89% of the company's stock.

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Insider Activity at Tetra Tech

In other Tetra Tech 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 transaction of $347,282.28. Following the completion of the sale, the director now owns 60,196 shares in the company, valued at approximately $2,066,528.68. The trade was a 14.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Tetra Tech Trading Up 0.8 %

TTEK traded up $0.24 during trading on Monday, reaching $29.39. 566,985 shares of the company's stock were exchanged, compared to its average volume of 1,956,589. The firm has a fifty day moving average price of $32.13 and a two-hundred day moving average price of $40.16. The stock has a market capitalization of $7.88 billion, a PE ratio of 30.86 and a beta of 0.93. Tetra Tech, Inc. has a one year low of $28.17 and a one year 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 posted 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 net margin of 4.81% and a return on equity of 22.58%. As a group, equities research analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.