Neumeier Poma Investment Counsel LLC Has $28.04 Million Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Neumeier Poma Investment Counsel LLC decreased its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 703,836 shares of the industrial products company's stock after selling 43,049 shares during the period. Tetra Tech accounts for approximately 2.7% of Neumeier Poma Investment Counsel LLC's portfolio, making the stock its 17th biggest position. Neumeier Poma Investment Counsel LLC owned about 0.26% of Tetra Tech worth $28,041,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Tetra Tech by 406.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company's stock valued at $222,466,000 after purchasing an additional 3,785,189 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Tetra Tech by 357.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company's stock worth $97,644,000 after purchasing an additional 1,618,211 shares during the last quarter. King Luther Capital Management Corp raised its holdings in Tetra Tech by 324.0% in the 4th quarter. King Luther Capital Management Corp now owns 1,278,295 shares of the industrial products company's stock worth $50,927,000 after acquiring an additional 976,810 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Tetra Tech by 365.0% in the third quarter. Rockefeller Capital Management L.P. now owns 1,138,716 shares of the industrial products company's stock valued at $53,739,000 after acquiring an additional 893,827 shares during the period. Finally, Wellington Management Group LLP raised its stake in Tetra Tech by 365.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,077,828 shares of the industrial products company's stock valued at $50,830,000 after purchasing an additional 846,284 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

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Tetra Tech Trading Up 0.3 %

Shares of TTEK stock opened at $29.25 on Tuesday. The company has a market capitalization of $7.84 billion, a P/E ratio of 30.72 and a beta of 0.93. The firm has a 50-day moving average price of $31.87 and a 200 day moving average price of $40.00. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a 12-month low of $28.17 and a 12-month high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. Research analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

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

Insiders Place Their Bets

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 transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TTEK shares. KeyCorp decreased their target price on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Maxim Group cut Tetra Tech from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $47.92.

Tetra Tech 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.