Tetra Tech, Inc. (NASDAQ:TTEK) Stock Holdings Lowered by Systematic Financial Management LP

Systematic Financial Management LP cut its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 19.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 181,219 shares of the industrial products company's stock after selling 44,937 shares during the quarter. Systematic Financial Management LP owned 0.07% of Tetra Tech worth $7,220,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Tetra Tech by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company's stock valued at $2,172,000 after purchasing an additional 400 shares during the period. CIBC Asset Management Inc increased its stake in Tetra Tech by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company's stock worth $331,000 after buying an additional 438 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Tetra Tech by 13.0% in the fourth quarter. Farther Finance Advisors LLC now owns 4,009 shares of the industrial products company's stock worth $160,000 after acquiring an additional 461 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Tetra Tech by 98.0% in the 4th 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 in the last quarter. Finally, Osprey Private Wealth LLC boosted its stake in Tetra Tech by 0.3% during the 4th quarter. Osprey Private Wealth LLC now owns 170,850 shares of the industrial products company's stock worth $6,807,000 after purchasing an additional 525 shares during the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Tetra Tech Price Performance

Shares of NASDAQ TTEK traded down $0.06 during midday trading on Friday, hitting $35.32. The company had a trading volume of 621,369 shares, compared to its average volume of 2,072,295. The business has a 50-day simple moving average of $31.15 and a two-hundred day simple moving average of $35.62. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of 37.02 and a beta of 0.92. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.05 billion. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. The firm's quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. Equities research analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.065 per share. This is an increase from Tetra Tech's previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, May 23rd. Tetra Tech's payout ratio is currently 37.68%.

About Tetra Tech

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.