Neumeier Poma Investment Counsel LLC Decreases Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Neumeier Poma Investment Counsel LLC lessened its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 703,836 shares of the industrial products company’s stock after selling 43,049 shares during the period. Tetra Tech comprises approximately 2.7% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 17th biggest holding. Neumeier Poma Investment Counsel LLC owned about 0.26% of Tetra Tech worth $28,041,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its position in Tetra Tech by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company’s stock valued at $2,172,000 after purchasing an additional 400 shares during the period. Nordea Investment Management AB grew its stake in shares of Tetra Tech by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company’s stock valued at $1,809,000 after buying an additional 411 shares in the last quarter. CIBC Asset Management Inc raised its holdings 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 valued at $331,000 after buying an additional 438 shares during the period. Farther Finance Advisors LLC lifted its position in 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 holdings in Tetra Tech by 98.0% in 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 during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analyst Upgrades and Downgrades

TTEK has been the topic 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 on the stock in a research note on Friday, January 31st. Maxim Group downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Tetra Tech presently has an average rating of “Moderate Buy” and a consensus target price of $47.92.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the 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 of the company’s stock, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.40% of the company’s stock.

Tetra Tech Stock Down 0.4 %

TTEK stock opened at $29.33 on Thursday. The company has a market capitalization of $7.86 billion, a P/E ratio of 30.81 and a beta of 0.93. The firm has a 50 day simple moving average of $32.91 and a 200-day simple moving average of $40.56. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a twelve month low of $28.17 and a twelve month high of $51.20.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, topping 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%. On average, 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 was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a yield of 0.79%. 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.