Stifel Financial Corp Sells 22,095 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Stifel Financial Corp lessened its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 14.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 127,170 shares of the industrial products company's stock after selling 22,095 shares during the period. Stifel Financial Corp's holdings in Tetra Tech were worth $5,067,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd bought a new stake in Tetra Tech during the 4th quarter worth approximately $39,000. Asset Planning Inc bought a new position in Tetra Tech during the 4th quarter valued at $40,000. Jones Financial Companies Lllp boosted its holdings in Tetra Tech by 98.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock worth $40,000 after acquiring an additional 495 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Tetra Tech by 235.8% in the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock worth $58,000 after acquiring an additional 1,014 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Tetra Tech in the fourth quarter valued at about $63,000. Institutional investors own 93.89% of the company's stock.

Insiders Place Their Bets

In related news, Director Kirsten M. Volpi sold 10,116 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the sale, the director now owns 60,196 shares in the company, valued at $2,066,528.68. This represents a 14.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

TTEK has been the topic of several recent analyst reports. KeyCorp dropped their target price on shares of Tetra Tech from $45.00 to $34.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a report on Friday, January 31st. Finally, Maxim Group lowered Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Tetra Tech has a consensus rating of "Hold" and a consensus target price of $45.90.

Tetra Tech Price Performance

Shares of TTEK traded down $0.23 during trading hours on Friday, reaching $30.98. 1,589,077 shares of the company's stock traded hands, compared to its average volume of 1,994,979. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $51.20. The stock has a market cap of $8.30 billion, a PE ratio of 32.54 and a beta of 0.92. The firm's 50 day simple moving average is $29.74 and its 200-day simple moving average is $36.96.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. Equities analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

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.