Loomis Sayles & Co. L P Cuts Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Loomis Sayles & Co. L P decreased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 17.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 789,937 shares of the industrial products company's stock after selling 172,255 shares during the period. Loomis Sayles & Co. L P owned approximately 0.29% of Tetra Tech worth $31,471,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Tetra Tech by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 25,912,103 shares of the industrial products company's stock valued at $1,032,338,000 after acquiring an additional 127,757 shares during the period. Amundi grew its holdings in Tetra Tech by 2.5% during the fourth quarter. Amundi now owns 4,873,176 shares of the industrial products company's stock worth $194,314,000 after purchasing an additional 117,304 shares during the period. Geode Capital Management LLC increased its position in Tetra Tech by 406.6% during the third 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 last quarter. Corient Private Wealth LLC raised its stake in Tetra Tech by 14.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,613,259 shares of the industrial products company's stock valued at $104,112,000 after buying an additional 339,839 shares during the period. Finally, Robeco Schweiz AG lifted its position in shares of Tetra Tech by 26.5% in the fourth quarter. Robeco Schweiz AG now owns 2,449,875 shares of the industrial products company's stock valued at $97,603,000 after buying an additional 512,931 shares during the last quarter. Institutional investors own 93.89% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms recently weighed in on TTEK. KeyCorp dropped their price target on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Maxim Group downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.92.

Tetra Tech Stock Performance

Shares of Tetra Tech stock traded up $0.30 during trading on Tuesday, reaching $29.55. The company's stock had a trading volume of 361,083 shares, compared to its average volume of 1,954,053. 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 $31.87 and its 200-day moving average price is $40.00. Tetra Tech, Inc. has a 52 week low of $28.17 and a 52 week high of $51.20. The firm has a market cap of $7.92 billion, a PE ratio of 30.98 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.058 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.79%. Tetra Tech's dividend payout ratio (DPR) is presently 24.21%.

Insider Buying and Selling

In other news, Director Kirsten M. Volpi sold 10,116 shares of the company'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 sale, the director now directly owns 60,196 shares of the company's stock, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is owned by corporate insiders.

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.