WCM Investment Management LLC Has $49.19 Million Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

WCM Investment Management LLC lessened its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 13.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,235,862 shares of the industrial products company's stock after selling 195,237 shares during the period. WCM Investment Management LLC owned 0.46% of Tetra Tech worth $49,187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTEK. Geode Capital Management LLC grew its holdings in 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 acquiring an additional 3,785,189 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Tetra Tech by 387.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,299,418 shares of the industrial products company's stock valued at $155,601,000 after purchasing an additional 2,622,288 shares during the last quarter. abrdn plc increased its holdings in shares of Tetra Tech by 353.0% in the third quarter. abrdn plc now owns 2,110,076 shares of the industrial products company's stock valued at $98,477,000 after purchasing an additional 1,644,267 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Tetra Tech by 357.8% in 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 purchasing an additional 1,618,211 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its holdings in Tetra Tech by 289.0% during the 3rd quarter. Copeland Capital Management LLC now owns 1,824,250 shares of the industrial products company's stock worth $86,032,000 after buying an additional 1,355,351 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the completion of 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 SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. StockNews.com cut Tetra Tech from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 price objective on shares of Tetra Tech in a research report on Friday, November 15th. KeyCorp cut 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 report on Friday, January 31st. Robert W. Baird lifted their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Finally, Maxim Group downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Tetra Tech presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.52.

Tetra Tech Trading Down 2.5 %

Shares of Tetra Tech stock traded down $0.80 during trading on Wednesday, hitting $31.45. 2,411,469 shares of the company were exchanged, compared to its average volume of 3,583,860. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.25. The firm has a market capitalization of $8.43 billion, a P/E ratio of 33.04 and a beta of 0.89. The firm's fifty day moving average price is $39.40 and its 200 day moving average price is $43.78. Tetra Tech, Inc. has a 1-year low of $31.09 and a 1-year high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 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%. As a group, sell-side analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a $0.058 dividend. This represents a $0.23 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, February 12th. Tetra Tech's dividend payout ratio (DPR) is presently 24.16%.

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.