Oak Thistle LLC Sells 23,292 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Oak Thistle LLC cut its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 53.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,023 shares of the industrial products company's stock after selling 23,292 shares during the period. Oak Thistle LLC's holdings in Tetra Tech were worth $798,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in TTEK. Sarasin & Partners LLP increased its stake in Tetra Tech by 330.9% during the third quarter. Sarasin & Partners LLP now owns 4,950,383 shares of the industrial products company's stock valued at $233,460,000 after acquiring an additional 3,801,435 shares during the period. Geode Capital Management LLC increased its position in shares of Tetra Tech by 406.6% during the 3rd 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 in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Tetra Tech by 387.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,299,418 shares of the industrial products company's stock worth $155,601,000 after buying an additional 2,622,288 shares during the last quarter. abrdn plc raised its stake in shares of Tetra Tech by 353.0% in the third quarter. abrdn plc now owns 2,110,076 shares of the industrial products company's stock valued at $98,477,000 after acquiring an additional 1,644,267 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 acquiring an additional 1,618,211 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on TTEK shares. StockNews.com lowered Tetra Tech from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Robert W. Baird increased their price objective on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $52.00 target price on shares of Tetra Tech in a research note on Friday, November 15th. Finally, KeyCorp decreased their price target on shares of Tetra Tech from $56.00 to $49.00 and set an "overweight" rating on the stock in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Tetra Tech presently has an average rating of "Moderate Buy" and an average price target of $49.32.

Tetra Tech Trading Up 1.1 %

Tetra Tech stock traded up $0.46 during trading hours on Thursday, reaching $42.34. 1,187,140 shares of the company's stock traded hands, compared to its average volume of 1,411,479. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 34.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. Tetra Tech, Inc. has a fifty-two week low of $31.61 and a fifty-two week high of $51.20. The firm's 50 day moving average is $41.67 and its 200-day moving average is $44.27.

Tetra Tech Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a $0.058 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a yield of 0.55%. Tetra Tech's payout ratio is presently 18.70%.

About Tetra Tech

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.