Los Angeles Capital Management LLC Sells 82,234 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Los Angeles Capital Management LLC cut its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 37.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,001 shares of the industrial products company’s stock after selling 82,234 shares during the quarter. Los Angeles Capital Management LLC owned about 0.05% of Tetra Tech worth $5,498,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Amalgamated Bank increased its holdings in shares of Tetra Tech by 0.5% in the fourth quarter. Amalgamated Bank now owns 128,881 shares of the industrial products company’s stock valued at $5,135,000 after purchasing an additional 579 shares during the last quarter. Impax Asset Management Group plc grew its stake in Tetra Tech by 51.4% in the 4th quarter. Impax Asset Management Group plc now owns 23,754 shares of the industrial products company’s stock valued at $946,000 after buying an additional 8,064 shares during the last quarter. Y Intercept Hong Kong Ltd raised its holdings in Tetra Tech by 53.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 39,150 shares of the industrial products company’s stock valued at $1,560,000 after acquiring an additional 13,606 shares during the period. South Dakota Investment Council lifted its position in Tetra Tech by 7.4% during the fourth quarter. South Dakota Investment Council now owns 100,270 shares of the industrial products company’s stock worth $3,995,000 after acquiring an additional 6,900 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Tetra Tech during the fourth quarter worth approximately $4,463,000. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $29.64 on Thursday. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 31.13 and a beta of 0.89. Tetra Tech, Inc. has a fifty-two week low of $29.23 and a fifty-two week high of $51.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a fifty day moving average price of $37.05 and a 200-day moving average price of $42.83.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data 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%. As a group, equities analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors 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 dividend on an annualized basis and a yield of 0.78%. Tetra Tech’s dividend payout ratio (DPR) is 24.21%.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

TTEK has been the topic of a number of recent research reports. StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Maxim Group cut Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Royal Bank of Canada set a $49.00 target price on Tetra Tech in a report on Friday, January 31st. Robert W. Baird upped their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, KeyCorp dropped their price objective on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tetra Tech presently has an average rating of “Moderate Buy” and a consensus target price of $47.92.

Tetra Tech Company 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.