Securian Asset Management Inc. Sells 560 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Securian Asset Management Inc. trimmed its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,239 shares of the industrial products company’s stock after selling 560 shares during the quarter. Securian Asset Management Inc.’s holdings in Tetra Tech were worth $806,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its position in shares of 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 acquiring an additional 400 shares in the last quarter. Nordea Investment Management AB boosted its position 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 acquiring an additional 411 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Tetra Tech by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company’s stock worth $331,000 after acquiring an additional 438 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Tetra Tech by 13.0% during the 4th quarter. Farther Finance Advisors LLC now owns 4,009 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 461 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Tetra Tech by 98.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 495 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TTEK. Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a research report on Friday, January 31st. Maxim Group lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, KeyCorp reduced their price target on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.92.

Insider Activity

In other news, Director Kirsten M. Volpi sold 10,116 shares of the firm’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 completion of the transaction, the director now owns 60,196 shares of the company’s stock, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $29.12 on Friday. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 30.59 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50 day simple moving average of $34.45 and a 200 day simple moving average of $41.42. Tetra Tech, Inc. has a one year low of $28.17 and a one year high of $51.20.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. Research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

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

Tetra Tech 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.