Tetra Tech, Inc. (NASDAQ:TTEK) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 17.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,034 shares of the industrial products company's stock after selling 6,124 shares during the period. Raymond James & Associates owned approximately 0.05% of Tetra Tech worth $4,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTEK. Caldwell Investment Management Ltd. purchased a new stake in Tetra Tech during the fourth quarter valued at $1,556,000. Contravisory Investment Management Inc. purchased a new stake in shares of Tetra Tech during the 4th quarter valued at about $26,000. Vest Financial LLC bought a new position in shares of Tetra Tech in the 4th quarter valued at about $239,000. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Tetra Tech in the 4th quarter valued at about $82,209,000. Finally, Handelsinvest Investeringsforvaltning purchased a new position in Tetra Tech in the fourth quarter worth about $380,000. 93.89% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TTEK shares. Royal Bank of Canada raised their price objective on Tetra Tech from $192.00 to $203.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. KeyCorp began coverage on Tetra Tech in a research report on Wednesday, January 10th. They issued an "overweight" rating and a $191.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Tetra Tech has a consensus rating of "Moderate Buy" and an average price target of $197.25.

Tetra Tech Trading Up 1.0 %

NASDAQ TTEK traded up $1.89 during trading on Thursday, hitting $194.00. The stock had a trading volume of 247,475 shares, compared to its average volume of 254,625. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 44.91 and a beta of 0.96. The stock has a 50 day simple moving average of $181.33 and a 200 day simple moving average of $167.70. Tetra Tech, Inc. has a one year low of $132.29 and a one year high of $194.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.25.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.05. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $974.00 million. During the same quarter in the previous year, the business earned $1.34 EPS. Sell-side analysts predict that Tetra Tech, Inc. will post 6.07 earnings per share for the current year.

Tetra Tech Dividend Announcement

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

Insider Buying and Selling at Tetra Tech

In related news, Director J Kenneth Thompson sold 8,400 shares of the business's stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $165.00, for a total value of $1,386,000.00. Following the completion of the sale, the director now owns 14,485 shares in the company, valued at $2,390,025. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director J Kenneth Thompson sold 8,400 shares of the firm's stock in a transaction on Monday, February 5th. The stock was sold at an average price of $165.00, for a total transaction of $1,386,000.00. Following the transaction, the director now owns 14,485 shares in the company, valued at $2,390,025. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Steven M. Burdick sold 7,128 shares of Tetra Tech stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $165.01, for a total value of $1,176,191.28. Following the completion of the sale, the chief financial officer now owns 37,405 shares of the company's stock, valued at $6,172,199.05. The disclosure for this sale can be found here. Insiders sold a total of 32,123 shares of company stock valued at $5,487,673 in the last three months. Company insiders own 0.61% of the company's stock.

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.