Rockefeller Capital Management L.P. Sells 321,278 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Rockefeller Capital Management L.P. trimmed its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 28.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 817,438 shares of the industrial products company's stock after selling 321,278 shares during the period. Rockefeller Capital Management L.P. owned about 0.30% of Tetra Tech worth $32,606,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. R Squared Ltd bought a new stake in Tetra Tech during the fourth quarter worth $39,000. Asset Planning Inc bought a new stake in shares of Tetra Tech in the 4th quarter valued at about $40,000. Jones Financial Companies Lllp lifted its stake in Tetra Tech by 98.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 495 shares during the last quarter. Blue Trust Inc. grew its holdings in Tetra Tech by 235.8% during the fourth quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock worth $58,000 after purchasing an additional 1,014 shares during the period. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Tetra Tech during the fourth quarter worth about $63,000. Institutional investors own 93.89% of the company's stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Kirsten M. Volpi sold 10,116 shares of the firm'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 sale, the director now owns 60,196 shares of the company's stock, valued at $2,066,528.68. This trade 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 the SEC website. Company insiders own 0.40% of the company's stock.

Tetra Tech Stock Performance

Shares of Tetra Tech stock traded up $0.37 during trading on Friday, reaching $30.22. The company's stock had a trading volume of 1,045,189 shares, compared to its average volume of 2,005,565. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The business's 50-day moving average price is $29.67 and its 200-day moving average price is $38.37. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $51.20. The firm has a market cap of $8.10 billion, a PE ratio of 31.74 and a beta of 0.89.

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

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a yield of 0.77%. The ex-dividend date was Wednesday, February 12th. Tetra Tech's dividend payout ratio is currently 24.21%.

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.