Segall Bryant & Hamill LLC Trims Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Segall Bryant & Hamill LLC lessened its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 604,152 shares of the industrial products company's stock after selling 56,982 shares during the period. Segall Bryant & Hamill LLC owned about 0.23% of Tetra Tech worth $24,069,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. New England Research & Management Inc. purchased a new stake in shares of Tetra Tech in the fourth quarter worth approximately $596,000. Nicola Wealth Management LTD. grew its holdings in Tetra Tech by 36.8% during the fourth quarter. Nicola Wealth Management LTD. now owns 65,000 shares of the industrial products company's stock worth $2,590,000 after buying an additional 17,500 shares in the last quarter. Lecap Asset Management Ltd. raised its position in Tetra Tech by 71.3% in the 4th quarter. Lecap Asset Management Ltd. now owns 44,769 shares of the industrial products company's stock valued at $1,784,000 after buying an additional 18,635 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in Tetra Tech by 53.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 39,150 shares of the industrial products company's stock valued at $1,560,000 after acquiring an additional 13,606 shares in the last quarter. Finally, Perpetual Ltd boosted its holdings in Tetra Tech by 9.6% during the 4th quarter. Perpetual Ltd now owns 215,042 shares of the industrial products company's stock worth $8,567,000 after acquiring an additional 18,842 shares during the last quarter. Institutional investors own 93.89% of the company's stock.

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Tetra Tech Stock Performance

NASDAQ TTEK traded down $0.35 during trading hours on Friday, reaching $29.15. 1,151,746 shares of the company were exchanged, compared to its average volume of 1,962,040. The stock has a market capitalization of $7.81 billion, a P/E ratio of 30.62 and a beta of 0.93. 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 1 year low of $28.17 and a 1 year high of $51.20. The business's 50 day simple moving average is $32.13 and its 200-day simple moving average is $40.16.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings results 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, equities research analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders 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 dividend on an annualized basis and a yield of 0.80%. Tetra Tech's dividend payout ratio is presently 24.21%.

Insider Transactions at Tetra Tech

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 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 directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TTEK. 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 report on Friday, January 31st. Maxim Group cut shares of 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 target price on Tetra Tech in a research note 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.