CX Institutional Lowers Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

CX Institutional decreased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,426 shares of the industrial products company’s stock after selling 818 shares during the period. CX Institutional’s holdings in Tetra Tech were worth $814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new stake in shares of Tetra Tech in the fourth quarter valued at about $225,000. Janney Montgomery Scott LLC lifted its stake in Tetra Tech by 2.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 43,830 shares of the industrial products company’s stock valued at $1,746,000 after buying an additional 1,183 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Tetra Tech by 45.3% in the 4th quarter. SG Americas Securities LLC now owns 12,915 shares of the industrial products company’s stock worth $515,000 after buying an additional 4,029 shares during the last quarter. Simon Quick Advisors LLC purchased a new stake in Tetra Tech during the 4th quarter worth approximately $200,000. Finally, Perpetual Ltd raised its holdings in shares of Tetra Tech by 9.6% during the fourth quarter. Perpetual Ltd now owns 215,042 shares of the industrial products company’s stock valued at $8,567,000 after acquiring an additional 18,842 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Trading Down 2.6 %

Shares of TTEK stock opened at $38.37 on Friday. Tetra Tech, Inc. has a twelve month low of $31.61 and a twelve month high of $51.20. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of 31.14 and a beta of 0.90. The company’s 50-day moving average price is $41.06 and its 200-day moving average price is $44.30. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44.

Tetra Tech Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $0.058 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.23 annualized dividend and a dividend yield of 0.60%. Tetra Tech’s dividend payout ratio (DPR) is 18.67%.

Analysts Set New Price Targets

TTEK has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price target on shares of Tetra Tech in a research note on Friday, November 15th. KeyCorp lowered their target price on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. Robert W. Baird boosted their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $49.32.

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.