Tetra Tech, Inc. (NASDAQ:TTEK) Position Reduced by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P reduced its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 17.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 789,937 shares of the industrial products company’s stock after selling 172,255 shares during the quarter. Loomis Sayles & Co. L P owned about 0.29% of Tetra Tech worth $31,471,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Millburn Ridgefield Corp boosted its stake in Tetra Tech by 346.9% during the third quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company’s stock valued at $37,000 after buying an additional 621 shares in the last quarter. R Squared Ltd acquired a new stake in Tetra Tech in the 4th quarter valued at about $39,000. Asset Planning Inc bought a new position in shares of Tetra Tech during the 4th quarter valued at about $40,000. Jones Financial Companies Lllp grew its stake in shares of 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 purchasing an additional 495 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Tetra Tech by 400.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,080 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 864 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Price Performance

TTEK opened at $29.50 on Friday. The firm has a market capitalization of $7.91 billion, a P/E ratio of 30.99 and a beta of 0.93. The stock has a fifty day moving average of $32.40 and a 200-day moving average of $40.32. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a 12-month low of $28.17 and a 12-month high of $51.20.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. Equities analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech’s payout ratio is presently 24.21%.

Insider Buying and Selling at Tetra Tech

In other news, Director Kirsten M. Volpi sold 10,116 shares of the business’s 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 transaction, the director now directly owns 60,196 shares in the company, valued at $2,066,528.68. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

TTEK has been the subject of a number of research reports. Maxim Group cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a 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. Finally, KeyCorp reduced their target price on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently 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.