Trillium Asset Management LLC Sells 13,926 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Trillium Asset Management LLC trimmed its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 516,531 shares of the industrial products company's stock after selling 13,926 shares during the quarter. Trillium Asset Management LLC owned 0.19% of Tetra Tech worth $20,578,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TTEK. Canton Hathaway LLC increased its stake in Tetra Tech by 400.0% in the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 516 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in Tetra Tech by 400.0% in the third quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 556 shares during the last quarter. Millburn Ridgefield Corp increased its stake in Tetra Tech by 346.9% in the third quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 621 shares during the last quarter. R Squared Ltd bought a new stake in shares of Tetra Tech during the fourth quarter worth $39,000. Finally, Asset Planning Inc bought a new stake in shares of Tetra Tech during the fourth quarter worth $40,000. 93.89% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Kirsten M. Volpi sold 10,116 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the transaction, the director now owns 60,196 shares in the company, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.40% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TTEK. KeyCorp decreased their target price on shares of Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a research note on Friday, January 31st. Finally, Maxim Group cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Tetra Tech currently has an average rating of "Moderate Buy" and an average target price of $47.92.

Tetra Tech Trading Down 0.8 %

Shares of NASDAQ:TTEK traded down $0.22 during mid-day trading on Friday, reaching $29.04. 4,631,518 shares of the company's stock were exchanged, compared to its average volume of 1,906,553. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 30.50 and a beta of 0.93. The business's fifty day moving average price is $33.41 and its 200-day moving average price is $40.81. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. Tetra Tech, Inc. has a twelve month low of $28.17 and a twelve month high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating 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, research analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently disclosed 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 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%.

Tetra Tech Company 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.