Tetra Tech, Inc. (NASDAQ:TTEK) Shares Sold by Oak Thistle LLC

Oak Thistle LLC cut its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 53.8% during the fourth quarter, HoldingsChannel reports. The fund owned 20,023 shares of the industrial products company’s stock after selling 23,292 shares during the period. Oak Thistle LLC’s holdings in Tetra Tech were worth $798,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Define Financial LLC acquired a new position in shares of Tetra Tech in the 4th quarter valued at $412,000. Harbor Capital Advisors Inc. lifted its position in Tetra Tech by 1.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 37,078 shares of the industrial products company’s stock valued at $1,477,000 after buying an additional 648 shares during the last quarter. Nordea Investment Management AB lifted its position in 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 during the last quarter. Principal Financial Group Inc. boosted its stake in Tetra Tech by 279.4% during the third quarter. Principal Financial Group Inc. now owns 754,702 shares of the industrial products company’s stock worth $35,592,000 after buying an additional 555,789 shares during the period. Finally, Retirement Systems of Alabama increased its position in shares of Tetra Tech by 393.4% during the third 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. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Price Performance

TTEK stock opened at $41.88 on Thursday. The business’s 50-day moving average is $41.67 and its two-hundred day moving average is $44.27. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $11.21 billion, a P/E ratio of 33.99 and a beta of 0.90. Tetra Tech, Inc. has a 1 year low of $31.61 and a 1 year high of $51.20.

Tetra Tech Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors 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 dividend on an annualized basis and a yield of 0.55%. Tetra Tech’s dividend payout ratio is currently 18.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TTEK shares. StockNews.com cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Robert W. Baird raised their target price on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. KeyCorp cut their price target on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Tetra Tech in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.32.

About Tetra Tech

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.