Natixis Advisors LLC reduced its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 18.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,497 shares of the industrial products company's stock after selling 16,164 shares during the period. Natixis Advisors LLC's holdings in Tetra Tech were worth $2,888,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. LBP AM SA acquired a new stake in shares of Tetra Tech in the fourth quarter worth about $1,767,000. Commonwealth Equity Services LLC raised its stake in shares of Tetra Tech by 10.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 31,887 shares of the industrial products company's stock valued at $1,270,000 after acquiring an additional 2,957 shares in the last quarter. Bowen Hanes & Co. Inc. boosted its position in Tetra Tech by 0.6% during the fourth quarter. Bowen Hanes & Co. Inc. now owns 2,025,870 shares of the industrial products company's stock worth $80,711,000 after purchasing an additional 11,145 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Tetra Tech by 3.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 295,515 shares of the industrial products company's stock worth $11,759,000 after buying an additional 10,000 shares during the last quarter. Finally, Vestcor Inc grew its stake in Tetra Tech by 18.1% in the 4th quarter. Vestcor Inc now owns 17,972 shares of the industrial products company's stock valued at $716,000 after buying an additional 2,752 shares during the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Tetra Tech
In related news, Director Kirsten M. Volpi sold 10,116 shares of the stock in a transaction dated Tuesday, February 4th. The shares were 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 document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. 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 report on Friday, January 31st. Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a research report on Friday, January 31st. Finally, Maxim Group lowered Tetra Tech from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Tetra Tech has a consensus rating of "Moderate Buy" and an average target price of $47.92.
View Our Latest Stock Analysis on TTEK
Tetra Tech Stock Performance
Shares of NASDAQ TTEK traded up $0.17 during mid-day trading on Thursday, hitting $29.50. The company had a trading volume of 1,391,129 shares, compared to its average volume of 1,911,282. Tetra Tech, Inc. has a 12 month low of $28.17 and a 12 month high of $51.20. The firm has a market cap of $7.91 billion, a P/E ratio of 30.99 and a beta of 0.93. The business's 50-day simple moving average is $32.91 and its 200-day simple moving average is $40.56. 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, topping 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, analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.
Tetra Tech Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Wednesday, February 12th. Tetra Tech's dividend payout ratio is 24.21%.
About Tetra Tech
(
Free Report)
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.
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