Tetra Tech, Inc. (NASDAQ:TTEK) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 732,021 shares of the industrial products company’s stock after selling 5,373 shares during the period. Fisher Asset Management LLC owned about 0.27% of Tetra Tech worth $29,164,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in Tetra Tech by 406.6% in the third quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company’s stock valued at $222,466,000 after buying an additional 3,785,189 shares in the last quarter. Robeco Schweiz AG increased its holdings in Tetra Tech by 26.5% in the fourth quarter. Robeco Schweiz AG now owns 2,449,875 shares of the industrial products company’s stock valued at $97,603,000 after buying an additional 512,931 shares in the last quarter. abrdn plc increased its holdings in Tetra Tech by 7.6% in the fourth quarter. abrdn plc now owns 2,269,777 shares of the industrial products company’s stock valued at $90,031,000 after buying an additional 159,701 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Tetra Tech by 357.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company’s stock valued at $97,644,000 after buying an additional 1,618,211 shares in the last quarter. Finally, Premier Fund Managers Ltd increased its holdings in Tetra Tech by 400.0% in the third quarter. Premier Fund Managers Ltd now owns 1,500,000 shares of the industrial products company’s stock valued at $69,615,000 after buying an additional 1,200,000 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TTEK. StockNews.com cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a report on Friday, January 31st. KeyCorp dropped their target price 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. Robert W. Baird increased their target price on shares of 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 shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.92.

Tetra Tech Trading Down 1.8 %

Shares of TTEK opened at $29.19 on Monday. 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 $36.62 and a 200-day simple moving average of $42.60. Tetra Tech, Inc. has a 1-year low of $28.98 and a 1-year high of $51.20. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 30.66 and a beta of 0.89.

Tetra Tech (NASDAQ:TTEK) last issued 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%. Equities analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $0.058 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 annualized dividend and a yield of 0.79%. Tetra Tech’s payout ratio is currently 24.21%.

Insiders Place Their Bets

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

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.