Zacks Investment Management Has $18.54 Million Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Zacks Investment Management decreased its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 14.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 465,400 shares of the industrial products company's stock after selling 80,293 shares during the period. Zacks Investment Management owned 0.17% of Tetra Tech worth $18,542,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. New England Research & Management Inc. acquired a new stake in Tetra Tech during the fourth quarter worth about $596,000. Nicola Wealth Management LTD. boosted its stake in shares of Tetra Tech by 36.8% in the fourth quarter. Nicola Wealth Management LTD. now owns 65,000 shares of the industrial products company's stock valued at $2,590,000 after purchasing an additional 17,500 shares during the period. Lecap Asset Management Ltd. lifted its holdings in Tetra Tech by 71.3% in the 4th quarter. Lecap Asset Management Ltd. now owns 44,769 shares of the industrial products company's stock worth $1,784,000 after buying an additional 18,635 shares in the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of Tetra Tech by 53.3% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 39,150 shares of the industrial products company's stock valued at $1,560,000 after acquiring an additional 13,606 shares in the last quarter. Finally, Perpetual Ltd grew its stake in Tetra Tech by 9.6% during the 4th quarter. Perpetual Ltd now owns 215,042 shares of the industrial products company's stock valued at $8,567,000 after purchasing an additional 18,842 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TTEK has been the topic of several research analyst reports. KeyCorp reduced their price target on shares of Tetra Tech from $45.00 to $34.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Maxim Group lowered Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.72.

Tetra Tech Stock Performance

Shares of NASDAQ TTEK traded up $0.63 during midday trading on Tuesday, reaching $30.63. 514,772 shares of the company traded hands, compared to its average volume of 1,994,245. The stock has a 50-day moving average price of $29.60 and a 200 day moving average price of $38.00. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 32.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $51.20.

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

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $0.058 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.76%. Tetra Tech's dividend payout ratio is currently 24.21%.

Insider Transactions at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the company's stock in a transaction that occurred 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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company's stock.

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.