Natixis Decreases Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Natixis lessened its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 12.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 277,415 shares of the industrial products company's stock after selling 40,575 shares during the period. Natixis owned about 0.10% of Tetra Tech worth $11,052,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Tetra Tech in the fourth quarter worth approximately $121,390,000. Capital International Investors purchased a new position in Tetra Tech during the 4th quarter worth $43,895,000. King Luther Capital Management Corp raised its holdings in shares of Tetra Tech by 324.0% in the fourth quarter. King Luther Capital Management Corp now owns 1,278,295 shares of the industrial products company's stock valued at $50,927,000 after purchasing an additional 976,810 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Tetra Tech by 130.8% during the fourth quarter. Teacher Retirement System of Texas now owns 1,383,025 shares of the industrial products company's stock valued at $55,100,000 after purchasing an additional 783,736 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in Tetra Tech by 924.3% in the 4th quarter. Bessemer Group Inc. now owns 815,939 shares of the industrial products company's stock worth $32,508,000 after purchasing an additional 736,279 shares in the last quarter. Institutional investors own 93.89% of the company's stock.

Tetra Tech Price Performance

NASDAQ TTEK traded up $0.58 on Thursday, hitting $31.50. The stock had a trading volume of 1,299,926 shares, compared to its average volume of 1,999,514. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 33.09 and a beta of 0.89. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20. The firm has a 50-day moving average of $29.59 and a 200-day moving average of $37.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share 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 expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Wednesday, February 12th. Tetra Tech's payout ratio is currently 24.21%.

Insider Activity

In other Tetra Tech 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

TTEK has been the topic of several research analyst reports. Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a research report on Friday, January 31st. KeyCorp lowered their price objective on shares of Tetra Tech from $45.00 to $34.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Maxim Group cut shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $45.72.

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.