Trillium Asset Management LLC Lowers Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Trillium Asset Management LLC lessened its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 516,531 shares of the industrial products company’s stock after selling 13,926 shares during the quarter. Trillium Asset Management LLC owned 0.19% of Tetra Tech worth $20,578,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TTEK. Geode Capital Management LLC boosted its stake in Tetra Tech by 406.6% during the third quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company’s stock worth $222,466,000 after buying an additional 3,785,189 shares during the period. Charles Schwab Investment Management Inc. boosted its stake 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 purchasing an additional 1,618,211 shares during the period. Premier Fund Managers Ltd boosted its stake in shares of Tetra Tech by 400.0% in the third quarter. Premier Fund Managers Ltd now owns 1,500,000 shares of the industrial products company’s stock valued at $69,615,000 after purchasing an additional 1,200,000 shares during the period. King Luther Capital Management Corp boosted its stake in shares of Tetra Tech by 324.0% in the fourth quarter. King Luther Capital Management Corp now owns 1,278,295 shares of the industrial products company’s stock valued at $50,927,000 after purchasing an additional 976,810 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Tetra Tech by 365.0% in the third quarter. Rockefeller Capital Management L.P. now owns 1,138,716 shares of the industrial products company’s stock valued at $53,739,000 after purchasing an additional 893,827 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Up 1.0 %

Shares of Tetra Tech stock opened at $29.72 on Wednesday. Tetra Tech, Inc. has a 52-week low of $28.17 and a 52-week high of $51.20. The company has a 50 day moving average of $34.05 and a 200 day moving average of $41.17. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $7.97 billion, a P/E ratio of 31.22 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping 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, research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.058 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a yield of 0.78%. Tetra Tech’s payout ratio is currently 24.21%.

Insiders Place Their Bets

In other Tetra Tech 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 transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TTEK has been the subject of several recent research reports. Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a research note on Friday, January 31st. KeyCorp lowered 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. Finally, Maxim Group lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tetra Tech currently has an average rating of “Moderate Buy” and a consensus 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.