Thematics Asset Management Sells 20,000 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Thematics Asset Management reduced its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 7.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 253,750 shares of the industrial products company’s stock after selling 20,000 shares during the quarter. Thematics Asset Management’s holdings in Tetra Tech were worth $10,109,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new position in Tetra Tech during the 4th quarter valued at about $39,000. Asset Planning Inc acquired a new position in shares of Tetra Tech in the 4th quarter worth approximately $40,000. Jones Financial Companies Lllp grew 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 worth $40,000 after acquiring an additional 495 shares during the last quarter. Blue Trust Inc. increased its holdings in Tetra Tech by 235.8% during the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 1,014 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Tetra Tech in the 4th quarter valued at $63,000. 93.89% of the stock is owned by institutional investors.

Tetra Tech Price Performance

Tetra Tech stock opened at $30.22 on Friday. The business’s 50-day simple moving average is $29.63 and its 200 day simple moving average is $38.20. 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 stock has a market cap of $8.10 billion, a price-to-earnings ratio of 31.74 and a beta of 0.89. Tetra Tech, Inc. has a 12-month low of $27.27 and a 12-month high of $51.20.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (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%. As a group, research analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The firm also recently announced 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. This represents a $0.23 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech’s dividend payout ratio is presently 24.21%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Royal Bank of Canada set a $49.00 target price on Tetra Tech in a report on Friday, January 31st. Maxim Group lowered shares of Tetra Tech from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, KeyCorp dropped their target price on shares of Tetra Tech from $45.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.72.

Insider Activity

In related news, Director Kirsten M. Volpi sold 10,116 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value 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 document filed with the SEC, which can be accessed through this link. 0.40% of the stock is currently owned by company insiders.

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.