Dana Investment Advisors Inc. Decreases Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

Dana Investment Advisors Inc. lowered its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 226,469 shares of the industrial products company's stock after selling 12,903 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.08% of Tetra Tech worth $9,023,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. increased its stake in shares of Tetra Tech by 1,451.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,784 shares of the industrial products company's stock valued at $71,000 after buying an additional 1,669 shares during the period. Arizona State Retirement System increased its position in Tetra Tech by 0.8% during the 4th quarter. Arizona State Retirement System now owns 77,643 shares of the industrial products company's stock valued at $3,093,000 after purchasing an additional 619 shares during the period. Aigen Investment Management LP acquired a new stake in Tetra Tech during the 4th quarter valued at approximately $545,000. M&T Bank Corp increased its position in Tetra Tech by 3.6% during the 4th quarter. M&T Bank Corp now owns 23,119 shares of the industrial products company's stock valued at $921,000 after purchasing an additional 799 shares during the period. Finally, Victory Capital Management Inc. increased its position in Tetra Tech by 135.4% during the 4th quarter. Victory Capital Management Inc. now owns 219,812 shares of the industrial products company's stock valued at $8,757,000 after purchasing an additional 126,424 shares during the period. Institutional investors own 93.89% of the company's stock.

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Tetra Tech Stock Up 5.1 %

Shares of TTEK traded up $1.45 during trading hours on Friday, reaching $30.02. The stock had a trading volume of 4,030,036 shares, compared to its average volume of 3,361,846. Tetra Tech, Inc. has a 12 month low of $28.17 and a 12 month high of $51.20. The firm has a 50-day simple moving average of $35.52 and a 200 day simple moving average of $42.03. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 31.53 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued 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 return on equity of 22.58% and a net margin of 4.81%. Equities research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

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

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 60,196 shares in the company, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

TTEK has been the subject of a number of recent analyst reports. Robert W. Baird increased their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. StockNews.com downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. KeyCorp cut their price target on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a report on Friday, January 31st. Finally, Maxim Group cut Tetra Tech from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $47.92.

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.