DekaBank Deutsche Girozentrale Sells 39,946 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

DekaBank Deutsche Girozentrale lessened its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 356,664 shares of the industrial products company's stock after selling 39,946 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.67% of Tetra Tech worth $59,101,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of TTEK. Stifel Financial Corp lifted its holdings in shares of Tetra Tech by 10.7% during the third quarter. Stifel Financial Corp now owns 26,817 shares of the industrial products company's stock valued at $4,077,000 after acquiring an additional 2,593 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in Tetra Tech by 95.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 17,977 shares of the industrial products company's stock worth $2,733,000 after buying an additional 8,791 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Tetra Tech during the fourth quarter worth about $82,209,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Tetra Tech during the third quarter worth approximately $10,408,000. Finally, Schroder Investment Management Group bought a new position in shares of Tetra Tech in the third quarter valued at approximately $5,946,000. Institutional investors and hedge funds own 93.89% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TTEK shares. KeyCorp assumed coverage on Tetra Tech in a research report on Wednesday, January 10th. They set an "overweight" rating and a $191.00 price target on the stock. Royal Bank of Canada raised their target price on Tetra Tech from $192.00 to $203.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Tetra Tech presently has an average rating of "Moderate Buy" and an average price target of $197.25.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, CFO Steven M. Burdick sold 7,128 shares of the company's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $165.01, for a total transaction of $1,176,191.28. Following the completion of the sale, the chief financial officer now owns 37,405 shares in the company, valued at approximately $6,172,199.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Steven M. Burdick sold 7,515 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total value of $1,320,160.05. Following the sale, the chief financial officer now directly owns 29,890 shares in the company, valued at approximately $5,250,776.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven M. Burdick sold 7,128 shares of the business's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $165.01, for a total transaction of $1,176,191.28. Following the transaction, the chief financial officer now owns 37,405 shares of the company's stock, valued at approximately $6,172,199.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,123 shares of company stock valued at $5,487,673. 0.61% of the stock is currently owned by insiders.

Tetra Tech Trading Up 1.5 %

NASDAQ:TTEK traded up $2.79 during trading hours on Friday, hitting $193.00. 276,840 shares of the stock were exchanged, compared to its average volume of 235,928. The company's 50 day moving average is $178.85 and its two-hundred day moving average is $166.78. The company has a market capitalization of $10.33 billion, a P/E ratio of 44.68 and a beta of 0.96. Tetra Tech, Inc. has a twelve month low of $132.29 and a twelve month high of $193.84. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.61.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $974.00 million. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. During the same quarter in the prior year, the firm posted $1.34 earnings per share. On average, sell-side analysts anticipate that Tetra Tech, Inc. will post 6.07 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Wednesday, February 14th were issued a $0.26 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $1.04 annualized dividend and a yield of 0.54%. Tetra Tech's dividend payout ratio is currently 24.07%.

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.