Kennedy Capital Management LLC Sells 58,936 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Kennedy Capital Management LLC trimmed its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 321,782 shares of the industrial products company's stock after selling 58,936 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.12% of Tetra Tech worth $12,820,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TTEK. Vanguard Group Inc. grew its stake in shares of Tetra Tech by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 25,912,103 shares of the industrial products company's stock valued at $1,032,338,000 after buying an additional 127,757 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of Tetra Tech by 2.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 14,018,887 shares of the industrial products company's stock valued at $558,512,000 after acquiring an additional 381,437 shares during the period. Amundi grew its position in shares of Tetra Tech by 2.5% in the 4th quarter. Amundi now owns 4,873,176 shares of the industrial products company's stock valued at $194,314,000 after acquiring an additional 117,304 shares during the period. Geode Capital Management LLC raised its holdings in shares of Tetra Tech by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 4,729,696 shares of the industrial products company's stock valued at $188,487,000 after purchasing an additional 13,616 shares during the period. Finally, Norges Bank bought a new stake in shares of Tetra Tech in the 4th quarter valued at about $121,390,000. Institutional investors and hedge funds own 93.89% of the company's stock.

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Tetra Tech Stock Performance

NASDAQ TTEK traded down $0.34 on Tuesday, reaching $30.08. The stock had a trading volume of 392,606 shares, compared to its average volume of 2,001,131. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $51.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $8.06 billion, a P/E ratio of 31.60 and a beta of 0.89. The firm has a fifty day moving average of $29.87 and a two-hundred day moving average of $38.61.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share 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%. On average, equities research analysts anticipate 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. Stockholders of record on Wednesday, February 12th were paid a $0.058 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.77%. Tetra Tech's payout ratio is 24.21%.

Insider Buying and Selling at Tetra Tech

In other news, Director Kirsten M. Volpi sold 10,116 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now owns 60,196 shares of the company's stock, valued at $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

TTEK has been the topic of several research analyst reports. Maxim Group lowered Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a research note on Friday, January 31st. Finally, KeyCorp decreased 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tetra Tech currently has an average rating of "Moderate Buy" and an average target price of $47.92.

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.