Oppenheimer & Co. Inc. Sells 541 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Oppenheimer & Co. Inc. cut its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,850 shares of the industrial products company’s stock after selling 541 shares during the period. Oppenheimer & Co. Inc.’s holdings in Tetra Tech were worth $1,548,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Robeco Schweiz AG grew its position in Tetra Tech by 26.5% during the 4th quarter. Robeco Schweiz AG now owns 2,449,875 shares of the industrial products company’s stock worth $97,603,000 after acquiring an additional 512,931 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Tetra Tech by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company’s stock worth $2,172,000 after buying an additional 400 shares in the last quarter. Impact Investors Inc acquired a new position in Tetra Tech during the 4th quarter worth $265,000. Amalgamated Bank lifted its holdings in Tetra Tech by 0.5% during the 4th quarter. Amalgamated Bank now owns 128,881 shares of the industrial products company’s stock worth $5,135,000 after buying an additional 579 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its holdings in Tetra Tech by 51.4% during the 4th quarter. Impax Asset Management Group plc now owns 23,754 shares of the industrial products company’s stock worth $946,000 after buying an additional 8,064 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TTEK. KeyCorp reduced their price objective on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Robert W. Baird upped their price objective on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a report on Friday, January 31st. StockNews.com downgraded Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Maxim Group downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.92.

Tetra Tech Stock Performance

TTEK stock opened at $28.26 on Tuesday. The business’s fifty day moving average is $36.62 and its 200-day moving average is $42.60. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a market cap of $7.57 billion, a P/E ratio of 29.68 and a beta of 0.89. Tetra Tech, Inc. has a twelve month low of $28.17 and a twelve month high of $51.20.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share 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%. Equities research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech’s dividend payout ratio is currently 24.21%.

Insider Activity at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the company’s stock in a transaction 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 $2,066,528.68. This represents a 14.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by corporate insiders.

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.