TD Private Client Wealth LLC Decreases Position in Tetra Tech, Inc. (NASDAQ:TTEK)

TD Private Client Wealth LLC lowered its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 19.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,676 shares of the industrial products company’s stock after selling 877 shares during the quarter. TD Private Client Wealth LLC’s holdings in Tetra Tech were worth $146,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans increased its stake in shares of Tetra Tech by 386.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 63,336 shares of the industrial products company’s stock worth $2,987,000 after purchasing an additional 50,311 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Tetra Tech by 470.7% in the third quarter. PNC Financial Services Group Inc. now owns 22,982 shares of the industrial products company’s stock worth $1,084,000 after acquiring an additional 18,955 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Tetra Tech by 65.9% in the third quarter. Intech Investment Management LLC now owns 13,407 shares of the industrial products company’s stock worth $632,000 after acquiring an additional 5,324 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 acquiring an additional 1,618,211 shares in the last quarter. Finally, Pitcairn Co. boosted its stake in shares of Tetra Tech by 284.6% during the third quarter. Pitcairn Co. now owns 6,796 shares of the industrial products company’s stock valued at $320,000 after acquiring an additional 5,029 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Activity

In related news, Director Kirsten M. Volpi sold 10,116 shares of the firm’s 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 transaction, the director now owns 60,196 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Tetra Tech Trading Up 0.2 %

Shares of TTEK stock opened at $29.44 on Wednesday. Tetra Tech, Inc. has a 1-year low of $28.17 and a 1-year high of $51.20. The firm’s 50-day simple moving average is $33.16 and its 200-day simple moving average is $40.68. The firm has a market cap of $7.89 billion, a P/E ratio of 30.92 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.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, beating 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%. As a group, equities analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $0.058 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.79%. Tetra Tech’s dividend payout ratio (DPR) is 24.21%.

Analyst Upgrades and Downgrades

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

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.