Tetra Tech, Inc. (NASDAQ:TTEK) Shares Sold by TT International Asset Management LTD

TT International Asset Management LTD lessened its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 22.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,478 shares of the industrial products company’s stock after selling 4,755 shares during the quarter. TT International Asset Management LTD’s holdings in Tetra Tech were worth $656,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TTEK. Harbor Capital Advisors Inc. increased its stake in shares of Tetra Tech by 1.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 37,078 shares of the industrial products company’s stock valued at $1,477,000 after acquiring an additional 648 shares during the last quarter. 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 valued at $1,809,000 after acquiring an additional 411 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Tetra Tech by 279.4% during the 3rd quarter. Principal Financial Group Inc. now owns 754,702 shares of the industrial products company’s stock valued at $35,592,000 after acquiring an additional 555,789 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Tetra Tech by 393.4% during the 3rd quarter. Retirement Systems of Alabama now owns 390,476 shares of the industrial products company’s stock valued at $18,415,000 after acquiring an additional 311,338 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of Tetra Tech during the 3rd quarter valued at about $2,345,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Price Performance

Shares of TTEK opened at $41.02 on Monday. Tetra Tech, Inc. has a twelve month low of $31.61 and a twelve month high of $51.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s 50 day moving average price is $42.09 and its 200 day moving average price is $44.29. The firm has a market cap of $10.98 billion, a PE ratio of 33.30 and a beta of 0.90.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $0.058 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.23 annualized dividend and a dividend yield of 0.57%. Tetra Tech’s payout ratio is 18.70%.

Wall Street Analyst Weigh In

TTEK has been the subject of a number of research reports. KeyCorp decreased their target price on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, November 15th. StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price target on shares of Tetra Tech in a report on Friday, November 15th. Finally, Robert W. Baird upped their price target on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tetra Tech has an average rating of “Moderate Buy” and a consensus target price of $49.32.

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.