Tetra Tech, Inc. (NASDAQ:TTEK) Shares Sold by Caprock Group LLC

Caprock Group LLC lowered its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,306 shares of the industrial products company’s stock after selling 1,939 shares during the period. Caprock Group LLC’s holdings in Tetra Tech were worth $251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Nordea Investment Management AB increased its stake in shares of Tetra Tech by 0.9% during the 4th quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company’s stock worth $1,809,000 after purchasing an additional 411 shares in the last quarter. LGT Financial Advisors LLC increased its position in Tetra Tech by 400.0% during the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock worth $26,000 after buying an additional 444 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Tetra Tech by 629.3% in the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 472 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Tetra Tech by 14.1% in the second quarter. AQR Capital Management LLC now owns 4,056 shares of the industrial products company’s stock valued at $829,000 after acquiring an additional 502 shares in the last quarter. Finally, Canton Hathaway LLC boosted its stake in shares of Tetra Tech by 400.0% during the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 516 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. KeyCorp reduced their price objective on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Tetra Tech in a research note on Friday, November 15th. Robert W. Baird boosted their price target on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, Maxim Group cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.52.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $33.78 on Friday. Tetra Tech, Inc. has a fifty-two week low of $31.09 and a fifty-two week high of $51.20. The firm’s 50 day moving average is $40.32 and its two-hundred day moving average is $44.07. The company has a market cap of $9.05 billion, a P/E ratio of 35.48 and a beta of 0.89. The company has a quick ratio of 1.25, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

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, topping 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%. Analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Wednesday, February 12th. Tetra Tech’s dividend payout ratio is presently 24.21%.

Insider Activity

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 transaction, the director now directly 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 filing with the SEC, which can be accessed through this hyperlink. 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.