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

TD Private Client Wealth LLC reduced its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 19.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTEK. Geode Capital Management LLC grew its position in Tetra Tech by 406.6% in the third quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company’s stock valued at $222,466,000 after acquiring an additional 3,785,189 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Tetra Tech by 357.8% during the 3rd 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 in the last quarter. King Luther Capital Management Corp increased its stake in Tetra Tech by 324.0% during the 4th quarter. King Luther Capital Management Corp now owns 1,278,295 shares of the industrial products company’s stock worth $50,927,000 after buying an additional 976,810 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Tetra Tech by 365.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,138,716 shares of the industrial products company’s stock worth $53,739,000 after buying an additional 893,827 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Tetra Tech by 365.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,077,828 shares of the industrial products company’s stock valued at $50,830,000 after buying an additional 846,284 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TTEK. Maxim Group lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. KeyCorp dropped their price objective on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, Royal Bank of Canada set a $49.00 target price on Tetra Tech in a research note on Friday, January 31st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.92.

Tetra Tech Trading Up 0.2 %

Shares of NASDAQ TTEK opened at $29.44 on Wednesday. The stock has a market capitalization of $7.89 billion, a P/E ratio of 30.92 and a beta of 0.93. The stock’s 50 day moving average price is $33.16 and its two-hundred day moving average price is $40.68. 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 52-week low of $28.17 and a 52-week 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%. On average, analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Kirsten M. Volpi sold 10,116 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 60,196 shares in the company, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

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.