Winslow Asset Management Inc. Reduces Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Winslow Asset Management Inc. lessened its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 430,900 shares of the industrial products company's stock after selling 15,457 shares during the quarter. Tetra Tech accounts for 3.4% of Winslow Asset Management Inc.'s investment portfolio, making the stock its 7th largest position. Winslow Asset Management Inc. owned approximately 0.16% of Tetra Tech worth $17,167,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Allworth Financial LP boosted its stake in Tetra Tech by 629.3% in the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 472 shares during the last quarter. LGT Financial Advisors LLC lifted its stake in Tetra Tech by 400.0% in the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 444 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Tetra Tech by 3,261.1% during the third quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 587 shares during the period. Canton Hathaway LLC increased its position in Tetra Tech by 400.0% in the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company's stock worth $30,000 after buying an additional 516 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its stake in shares of 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 buying an additional 556 shares during the period. 93.89% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

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

Tetra Tech Price Performance

NASDAQ TTEK traded down $0.93 during trading hours on Monday, reaching $28.26. 5,329,898 shares of the stock traded hands, compared to its average volume of 3,405,665. The stock has a 50 day simple moving average of $36.62 and a two-hundred day simple moving average of $42.60. Tetra Tech, Inc. has a 1 year low of $28.17 and a 1 year high of $51.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 29.68 and a beta of 0.89.

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

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a yield of 0.82%. The ex-dividend date was Wednesday, February 12th. Tetra Tech's dividend payout ratio is presently 24.21%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TTEK. StockNews.com lowered Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Maxim Group lowered Tetra Tech from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a research report on Friday, January 31st. KeyCorp cut their price objective on shares of Tetra Tech from $49.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Finally, Robert W. Baird upped their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Tetra Tech currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.92.

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.