Tetra Tech, Inc. (NASDAQ:TTEK) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,183,109 shares of the industrial products company's stock after selling 12,412 shares during the quarter. Nuveen Asset Management LLC owned about 0.44% of Tetra Tech worth $47,135,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. R Squared Ltd bought a new stake in Tetra Tech in the fourth quarter valued at approximately $39,000. Asset Planning Inc bought a new stake in Tetra Tech in the fourth quarter valued at approximately $40,000. Jones Financial Companies Lllp lifted its position in Tetra Tech by 98.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 495 shares during the last quarter. Caption Management LLC bought a new stake in Tetra Tech in the fourth quarter valued at approximately $40,000. Finally, Blue Trust Inc. lifted its position in Tetra Tech by 235.8% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.

Tetra Tech Trading Down 0.1%

Shares of TTEK stock traded down $0.03 on Friday, reaching $35.42. 2,024,442 shares of the company's stock were exchanged, compared to its average volume of 2,083,532. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $51.20. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $9.33 billion, a PE ratio of 37.21 and a beta of 0.92. The company's fifty day simple moving average is $31.27 and its 200 day simple moving average is $35.36.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.05 billion. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. Tetra Tech's revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS. As a group, analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Friday, May 23rd will be given a dividend of $0.065 per share. This is a positive change from Tetra Tech's previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, May 23rd. Tetra Tech's dividend payout ratio is currently 37.68%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Robert W. Baird upped their target price on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. KeyCorp upped their target price on Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Maxim Group downgraded Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Royal Bank of Canada set a $49.00 price target on Tetra Tech in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $41.00.

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.