Lindenwold Advisors INC Sells 399 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Lindenwold Advisors INC decreased its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,586 shares of the industrial products company’s stock after selling 399 shares during the period. Lindenwold Advisors INC’s holdings in Tetra Tech were worth $422,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Xponance Inc. increased its position in shares of Tetra Tech by 7.3% during the 4th quarter. Xponance Inc. now owns 43,003 shares of the industrial products company’s stock worth $1,713,000 after purchasing an additional 2,924 shares during the last quarter. Advisors Asset Management Inc. raised its position in Tetra Tech by 16.8% during the fourth quarter. Advisors Asset Management Inc. now owns 98,306 shares of the industrial products company’s stock worth $3,917,000 after acquiring an additional 14,132 shares in the last quarter. Terra Alpha Investments LLC acquired a new stake in Tetra Tech in the fourth quarter valued at $1,869,000. Counterpoint Mutual Funds LLC bought a new position in shares of Tetra Tech in the 4th quarter valued at about $310,000. Finally, Polen Capital Management LLC increased its stake in shares of Tetra Tech by 86.7% during the 4th quarter. Polen Capital Management LLC now owns 43,162 shares of the industrial products company’s stock worth $1,720,000 after purchasing an additional 20,038 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TTEK shares. Maxim Group downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. KeyCorp reduced their target price on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Finally, Royal Bank of Canada set a $49.00 price target on Tetra Tech in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tetra Tech has a consensus rating of “Moderate Buy” and an average target price of $47.92.

Insider Transactions at Tetra Tech

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

Tetra Tech Price Performance

Tetra Tech stock opened at $29.72 on Wednesday. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 31.22 and a beta of 0.93. The stock’s 50 day moving average is $34.05 and its 200-day moving average is $41.17. 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 $28.17 and a 12 month high of $51.20.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. Equities research analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.058 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.78%. Tetra Tech’s payout ratio is presently 24.21%.

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.