Tetra Tech, Inc. (NASDAQ:TTEK) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 1.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 57,754 shares of the industrial products company’s stock after selling 878 shares during the quarter. Fisher Asset Management LLC’s holdings in Tetra Tech were worth $9,641,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TTEK shares. StockNews.com raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Friday. Royal Bank of Canada upped their price objective on Tetra Tech from $203.00 to $233.00 and gave the stock an “outperform” rating in a report on Friday. Robert W. Baird boosted their price target on Tetra Tech from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Maxim Group raised their price objective on Tetra Tech from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Finally, Northcoast Research raised Tetra Tech from a “neutral” rating to a “buy” rating and set a $225.00 price objective on the stock in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.40.

Insider Activity at Tetra Tech

In other Tetra Tech news, CFO Steven M. Burdick sold 7,515 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 29,890 shares in the company, valued at approximately $5,250,776.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Tetra Tech news, CFO Steven M. Burdick sold 7,515 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $175.67, for a total value of $1,320,160.05. Following the transaction, the chief financial officer now directly owns 29,890 shares of the company’s stock, valued at approximately $5,250,776.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Brian N. Carter sold 5,580 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $176.52, for a total value of $984,981.60. Following the transaction, the senior vice president now owns 8,360 shares of the company’s stock, valued at $1,475,707.20. The disclosure for this sale can be found here. In the last three months, insiders sold 16,595 shares of company stock valued at $2,925,482. Corporate insiders own 0.61% of the company’s stock.

Tetra Tech Trading Up 2.1 %

NASDAQ:TTEK opened at $212.12 on Tuesday. Tetra Tech, Inc. has a 12 month low of $132.29 and a 12 month high of $215.44. The business’s 50-day moving average is $187.34 and its two-hundred day moving average is $172.11. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.24 and a quick ratio of 1.25. The firm has a market capitalization of $11.35 billion, a PE ratio of 42.94 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, May 1st. The industrial products company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.29 by $0.13. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. Tetra Tech had a return on equity of 21.16% and a net margin of 5.36%. The company’s revenue was down 9.5% on a year-over-year basis. During the same period last year, the business posted $1.17 EPS. Research analysts predict that Tetra Tech, Inc. will post 6.2 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 17th. This is an increase from Tetra Tech’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 0.55%. Tetra Tech’s dividend payout ratio is 21.05%.

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.