Strategy Asset Managers LLC Decreases Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Strategy Asset Managers LLC trimmed its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,673 shares of the industrial products company’s stock after selling 662 shares during the period. Strategy Asset Managers LLC’s holdings in Tetra Tech were worth $824,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pictet Asset Management Holding SA lifted its holdings in shares of Tetra Tech by 2.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 14,018,887 shares of the industrial products company’s stock valued at $558,512,000 after purchasing an additional 381,437 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Tetra Tech by 36.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,249,141 shares of the industrial products company’s stock valued at $49,766,000 after buying an additional 334,591 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in Tetra Tech in the fourth quarter valued at about $2,290,000. Norges Bank purchased a new stake in shares of Tetra Tech during the fourth quarter worth about $121,390,000. Finally, Zions Bancorporation N.A. grew its stake in shares of Tetra Tech by 17.9% during the fourth quarter. Zions Bancorporation N.A. now owns 90,100 shares of the industrial products company’s stock worth $3,590,000 after acquiring an additional 13,696 shares during the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Stock Performance

TTEK opened at $29.15 on Friday. The firm has a 50 day moving average of $32.13 and a two-hundred day moving average of $40.21. The firm has a market capitalization of $7.81 billion, a PE ratio of 30.62 and a beta of 0.93. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a 12-month low of $28.17 and a 12-month high of $51.20.

Tetra Tech (NASDAQ:TTEK) last posted its 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 net margin of 4.81% and a return on equity of 22.58%. On average, analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $0.058 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.80%. Tetra Tech’s payout ratio is 24.21%.

Insider Buying and Selling

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TTEK has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a research note on Friday, January 31st. KeyCorp decreased their price target on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Maxim Group lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.