Los Angeles Capital Management LLC decreased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) by 55.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 221,470 shares of the industrial products company’s stock after selling 277,708 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Tetra Tech were worth $7,127,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the business. Sands Capital Management LLC boosted its holdings in Tetra Tech by 38.0% during the third quarter. Sands Capital Management LLC now owns 7,179,032 shares of the industrial products company’s stock worth $239,636,000 after purchasing an additional 1,978,697 shares during the last quarter. Capital International Investors boosted its holdings in Tetra Tech by 249.1% during the third quarter. Capital International Investors now owns 7,079,675 shares of the industrial products company’s stock worth $236,320,000 after purchasing an additional 5,051,485 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Tetra Tech by 12.0% during the third quarter. Alliancebernstein L.P. now owns 6,581,244 shares of the industrial products company’s stock worth $219,682,000 after purchasing an additional 705,673 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Tetra Tech by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 5,082,342 shares of the industrial products company’s stock worth $170,496,000 after purchasing an additional 52,375 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its stake in Tetra Tech by 84.9% in the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock valued at $147,095,000 after acquiring an additional 1,847,087 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.
Tetra Tech Stock Performance
NASDAQ TTEK opened at $27.59 on Tuesday. The firm has a 50-day moving average of $29.64 and a 200-day moving average of $33.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $7.16 billion, a PE ratio of 16.52 and a beta of 0.93. Tetra Tech, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14.
Tetra Tech Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were paid a dividend of $0.072 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Tetra Tech’s previous quarterly dividend of $0.07. Tetra Tech’s dividend payout ratio is 17.37%.
Analyst Upgrades and Downgrades
A number of analysts have commented on TTEK shares. Weiss Ratings cut shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Robert W. Baird set a $35.00 price target on shares of Tetra Tech in a research note on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.00.
Read Our Latest Stock Analysis on TTEK
Insider Activity
In related news, Director Jeffrey R. Feeler bought 1,900 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the purchase, the director owned 1,900 shares in the company, valued at $50,179. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company’s stock.
Tetra Tech Profile
Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.
The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.
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