Vontobel Holding Ltd. Lowers Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Vontobel Holding Ltd. cut its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 97.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 35,539 shares of the industrial products company’s stock after selling 1,390,050 shares during the period. Vontobel Holding Ltd.’s holdings in Tetra Tech were worth $1,416,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TTEK. CWM LLC raised its position in shares of Tetra Tech by 364.8% in the third quarter. CWM LLC now owns 1,413 shares of the industrial products company’s stock valued at $67,000 after buying an additional 1,109 shares during the last quarter. Creative Planning grew its holdings in shares of Tetra Tech by 259.9% in the third quarter. Creative Planning now owns 64,738 shares of the industrial products company’s stock valued at $3,053,000 after purchasing an additional 46,749 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Tetra Tech by 449.0% in the third quarter. Global Retirement Partners LLC now owns 8,082 shares of the industrial products company’s stock valued at $381,000 after purchasing an additional 6,610 shares during the period. ST Germain D J Co. Inc. grew its holdings in shares of Tetra Tech by 306.1% in the third quarter. ST Germain D J Co. Inc. now owns 995 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 750 shares during the period. Finally, Raymond James & Associates grew its holdings in shares of Tetra Tech by 529.3% in the third quarter. Raymond James & Associates now owns 187,676 shares of the industrial products company’s stock valued at $8,851,000 after purchasing an additional 157,855 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TTEK has been the subject of a number of analyst reports. KeyCorp dropped their price objective 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. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Tetra Tech in a research report on Friday, November 15th. Robert W. Baird increased their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. StockNews.com cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Maxim Group cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Tetra Tech has a consensus rating of “Moderate Buy” and a consensus target price of $48.52.

Insider Activity at Tetra Tech

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the sale, the director now directly owns 60,196 shares in the company, valued at approximately $2,066,528.68. The trade was a 14.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is currently owned by insiders.

Tetra Tech Stock Down 0.6 %

Shares of NASDAQ:TTEK opened at $30.60 on Tuesday. 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, Inc. has a fifty-two week low of $30.42 and a fifty-two week high of $51.20. The firm’s 50 day moving average price is $38.68 and its 200 day moving average price is $43.54. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 32.14 and a beta of 0.89.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share 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%. As a group, equities research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a $0.058 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a yield of 0.76%. Tetra Tech’s dividend payout ratio (DPR) is 24.16%.

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.