Los Angeles Capital Management LLC Has $5.50 Million Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Los Angeles Capital Management LLC reduced its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 37.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,001 shares of the industrial products company's stock after selling 82,234 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.05% of Tetra Tech worth $5,498,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted 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. abrdn plc grew its position in Tetra Tech by 7.6% in the fourth quarter. abrdn plc now owns 2,269,777 shares of the industrial products company's stock valued at $90,031,000 after acquiring an additional 159,701 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Tetra Tech by 357.8% during the third 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 acquiring an additional 1,618,211 shares in the last quarter. Premier Fund Managers Ltd boosted its holdings in Tetra Tech by 400.0% in the third quarter. Premier Fund Managers Ltd now owns 1,500,000 shares of the industrial products company's stock valued at $69,615,000 after purchasing an additional 1,200,000 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc grew its position in shares of Tetra Tech by 337.0% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,466,385 shares of the industrial products company's stock worth $69,081,000 after buying an additional 1,130,842 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.

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Tetra Tech Trading Down 1.8 %

Tetra Tech stock traded down $0.52 during midday trading on Friday, reaching $29.19. The stock had a trading volume of 4,326,482 shares, compared to its average volume of 3,355,938. The firm's fifty day simple moving average is $36.62 and its two-hundred day simple moving average is $42.60. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 30.66 and a beta of 0.89. Tetra Tech, Inc. has a twelve month low of $28.98 and a twelve month 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.

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 net margin of 4.81% and a return on equity of 22.58%. Equities analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.058 dividend. The ex-dividend date of this dividend 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 is currently 24.21%.

Insider Activity

In related news, Director Kirsten M. Volpi sold 10,116 shares of the company'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 directly owns 60,196 shares of the company's stock, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TTEK has been the subject of several research analyst reports. StockNews.com lowered Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Maxim Group lowered shares of Tetra Tech from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Robert W. Baird raised their price target on Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Royal Bank of Canada set a $49.00 target price on Tetra Tech in a report on Friday, January 31st. Finally, KeyCorp reduced their price objective on shares of Tetra Tech from $49.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.