Sanctuary Advisors LLC Sells 12,217 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Sanctuary Advisors LLC lessened its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 43.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,685 shares of the industrial products company's stock after selling 12,217 shares during the period. Sanctuary Advisors LLC's holdings in Tetra Tech were worth $574,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew 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 buying an additional 3,785,189 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Tetra Tech by 357.8% during 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 during the period. Premier Fund Managers Ltd raised its position in shares of Tetra Tech by 400.0% during the 3rd quarter. Premier Fund Managers Ltd now owns 1,500,000 shares of the industrial products company's stock valued at $69,615,000 after acquiring an additional 1,200,000 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its stake in shares of Tetra Tech by 337.0% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,466,385 shares of the industrial products company's stock valued at $69,081,000 after purchasing an additional 1,130,842 shares during the period. Finally, WCM Investment Management LLC boosted its position in shares of Tetra Tech by 316.9% in the 3rd quarter. WCM Investment Management LLC now owns 1,431,099 shares of the industrial products company's stock worth $66,403,000 after purchasing an additional 1,087,819 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.

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Insider Buying and Selling

In related news, Director Kirsten M. Volpi sold 10,116 shares of the firm's stock in a transaction on 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 approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Tetra Tech Stock Down 0.7 %

NASDAQ TTEK traded down $0.19 during trading hours on Wednesday, reaching $28.94. 2,181,096 shares of the company's stock were exchanged, compared to its average volume of 3,383,571. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 30.40 and a beta of 0.89. The company's 50-day moving average is $36.17 and its two-hundred day moving average is $42.37. Tetra Tech, Inc. has a one year low of $28.17 and a one year high of $51.20.

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

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.058 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.80%. Tetra Tech's dividend payout ratio is currently 24.21%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TTEK. Robert W. Baird upped their price objective on Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Maxim Group downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. StockNews.com cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. KeyCorp lowered 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 note on Friday, January 31st. Finally, Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a research report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $47.92.

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.