Catalyst Capital Advisors LLC Has $2.50 Million Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Catalyst Capital Advisors LLC decreased its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 38.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,801 shares of the industrial products company’s stock after selling 39,459 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Tetra Tech were worth $2,502,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTEK. Geode Capital Management LLC raised its position in Tetra Tech by 406.6% in the third quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company’s stock valued at $222,466,000 after purchasing an additional 3,785,189 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Tetra Tech by 387.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,299,418 shares of the industrial products company’s stock valued at $155,601,000 after buying an additional 2,622,288 shares during the last quarter. abrdn plc boosted its position in Tetra Tech by 353.0% during the 3rd quarter. abrdn plc now owns 2,110,076 shares of the industrial products company’s stock worth $98,477,000 after buying an additional 1,644,267 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Tetra Tech by 357.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company’s stock worth $97,644,000 after acquiring an additional 1,618,211 shares during the last quarter. Finally, Copeland Capital Management LLC increased its position in Tetra Tech by 289.0% in the 3rd quarter. Copeland Capital Management LLC now owns 1,824,250 shares of the industrial products company’s stock valued at $86,032,000 after acquiring an additional 1,355,351 shares during the period. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Price Performance

Shares of TTEK opened at $30.60 on Monday. The firm has a market cap of $8.20 billion, a PE ratio of 32.14 and a beta of 0.89. Tetra Tech, Inc. has a 52-week low of $30.42 and a 52-week high of $51.20. The business’s 50 day moving average price is $38.92 and its two-hundred day moving average price is $43.63. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.25 and a current ratio of 1.29.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Wednesday, February 12th. Tetra Tech’s payout ratio is 24.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TTEK shares. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price target on shares of Tetra Tech in a report on Friday, November 15th. Robert W. Baird lifted their target price on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Maxim Group lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, KeyCorp decreased their target price on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $48.52.

Insider Buying and Selling

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the completion of the sale, the director now owns 60,196 shares in the company, valued at approximately $2,066,528.68. The trade was a 14.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by company insiders.

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.