Los Angeles Capital Management LLC Sells 14,708 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Los Angeles Capital Management LLC lessened its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,791 shares of the industrial products company's stock after selling 14,708 shares during the period. Los Angeles Capital Management LLC owned approximately 0.09% of Tetra Tech worth $7,978,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in TTEK. Contravisory Investment Management Inc. acquired a new stake in shares of Tetra Tech in the fourth quarter valued at about $26,000. Millburn Ridgefield Corp bought a new position in shares of Tetra Tech during the 3rd quarter worth approximately $37,000. GAMMA Investing LLC acquired a new stake in shares of Tetra Tech during the 4th quarter worth approximately $38,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Tetra Tech during the 4th quarter valued at $89,000. Finally, Fifth Third Bancorp boosted its stake in Tetra Tech by 39.1% during the third quarter. Fifth Third Bancorp now owns 718 shares of the industrial products company's stock worth $109,000 after acquiring an additional 202 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TTEK. StockNews.com upgraded Tetra Tech from a "hold" rating to a "buy" rating in a report on Friday. Northcoast Research raised shares of Tetra Tech from a "neutral" rating to a "buy" rating and set a $225.00 target price for the company in a research report on Thursday. Robert W. Baird raised their price target on shares of Tetra Tech from $180.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday. Royal Bank of Canada raised their target price on Tetra Tech from $203.00 to $233.00 and gave the company an "outperform" rating in a report on Friday. Finally, Maxim Group raised their price objective on Tetra Tech from $220.00 to $230.00 and gave the company a "buy" rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $221.40.

Tetra Tech Stock Performance

Tetra Tech stock traded up $3.49 during mid-day trading on Friday, reaching $207.75. 402,949 shares of the company's stock were exchanged, compared to its average volume of 308,899. The business's fifty day simple moving average is $186.65 and its 200 day simple moving average is $171.74. The company has a quick ratio of 1.25, a current ratio of 1.24 and a debt-to-equity ratio of 0.60. Tetra Tech, Inc. has a one year low of $132.29 and a one year high of $208.76. The firm has a market capitalization of $11.11 billion, a PE ratio of 42.05 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its earnings results on Wednesday, May 1st. The industrial products company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.13. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. Tetra Tech had a return on equity of 21.16% and a net margin of 5.36%. The business's revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 EPS. On average, sell-side analysts expect that Tetra Tech, Inc. will post 6.2 earnings per share for the current year.

Tetra Tech Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 20th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.56%. This is a boost from Tetra Tech's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, May 17th. Tetra Tech's payout ratio is presently 21.05%.

Insider Activity

In related news, Director J Kenneth Thompson sold 3,500 shares of Tetra Tech stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $177.24, for a total value of $620,340.00. Following the sale, the director now owns 10,985 shares of the company's stock, valued at approximately $1,946,981.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Steven M. Burdick sold 7,515 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $175.67, for a total transaction of $1,320,160.05. Following the completion of the transaction, the chief financial officer now owns 29,890 shares in the company, valued at approximately $5,250,776.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Kenneth Thompson sold 3,500 shares of the business's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $177.24, for a total value of $620,340.00. Following the completion of the sale, the director now owns 10,985 shares in the company, valued at $1,946,981.40. The disclosure for this sale can be found here. Insiders sold 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.

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.