Tetra Tech, Inc. (NASDAQ:TTEK) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lowered its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 0.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 115,279 shares of the industrial products company’s stock after selling 975 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Tetra Tech were worth $4,593,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TTEK. Venturi Wealth Management LLC boosted its stake in Tetra Tech by 171.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,644 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 1,039 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Tetra Tech by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company’s stock valued at $331,000 after purchasing an additional 438 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Tetra Tech by 235.8% during the fourth quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 1,014 shares during the last quarter. Asset Planning Inc acquired a new position in Tetra Tech in the fourth quarter worth about $40,000. Finally, Asset Management One Co. Ltd. increased its holdings in Tetra Tech by 4.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 307,996 shares of the industrial products company’s stock valued at $12,266,000 after buying an additional 11,875 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TTEK. Robert W. Baird lifted their target price on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price target on shares of Tetra Tech in a research report on Friday, November 15th. 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 report on Friday, January 31st. Finally, Maxim Group cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Tetra Tech presently has an average rating of “Moderate Buy” and an average price target of $48.52.

Insider Transactions at Tetra Tech

In related 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 completion of the sale, the director now directly owns 60,196 shares in the company, 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 SEC, which can be accessed through the SEC website. 0.40% of the stock is currently owned by insiders.

Tetra Tech Stock Performance

Shares of NASDAQ TTEK opened at $30.60 on Tuesday. The company has a market cap of $8.20 billion, a PE ratio of 32.14 and a beta of 0.89. The company has a current ratio of 1.29, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a 12-month low of $30.42 and a 12-month high of $51.20. The stock has a 50 day simple moving average of $38.68 and a 200-day simple moving average of $43.54.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating 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%. On average, equities research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a $0.058 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.76%. Tetra Tech’s payout ratio is currently 24.16%.

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.