Blair William & Co. IL Reduces Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Blair William & Co. IL reduced its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 61.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 181,894 shares of the industrial products company’s stock after selling 286,029 shares during the quarter. Blair William & Co. IL owned approximately 0.07% of Tetra Tech worth $7,247,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Millburn Ridgefield Corp increased its position in shares of 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 during the period. R Squared Ltd bought a new position in shares of Tetra Tech in the 4th quarter worth approximately $39,000. Asset Planning Inc bought a new position in shares of Tetra Tech in the 4th quarter worth about $40,000. Jones Financial Companies Lllp lifted its position in Tetra Tech by 98.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 495 shares during the period. Finally, Private Trust Co. NA boosted its stake in Tetra Tech by 398.0% during the third quarter. Private Trust Co. NA now owns 1,250 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 999 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TTEK. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a report on Friday, January 31st. Maxim Group cut Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, KeyCorp cut their target price on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $47.92.

Insider Buying and Selling at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total transaction of $347,282.28. Following the completion of the sale, the director now owns 60,196 shares in the company, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

Tetra Tech Stock Down 1.2 %

Tetra Tech stock opened at $29.15 on Friday. Tetra Tech, Inc. has a 12 month low of $28.17 and a 12 month high of $51.20. The stock has a fifty day simple moving average of $32.13 and a two-hundred day simple moving average of $40.16. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 30.62 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 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 predict that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Wednesday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is presently 24.21%.

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.