Segall Bryant & Hamill LLC Has $24.07 Million Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Segall Bryant & Hamill LLC lessened its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 604,152 shares of the industrial products company’s stock after selling 56,982 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.23% of Tetra Tech worth $24,069,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in Tetra Tech by 406.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company’s stock worth $222,466,000 after buying an additional 3,785,189 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Tetra Tech by 357.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company’s stock valued at $97,644,000 after buying an additional 1,618,211 shares during the last quarter. King Luther Capital Management Corp grew its position in shares of Tetra Tech by 324.0% in the 4th quarter. King Luther Capital Management Corp now owns 1,278,295 shares of the industrial products company’s stock valued at $50,927,000 after buying an additional 976,810 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Tetra Tech by 365.0% during the third quarter. Rockefeller Capital Management L.P. now owns 1,138,716 shares of the industrial products company’s stock worth $53,739,000 after buying an additional 893,827 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Tetra Tech by 365.5% in the third quarter. Wellington Management Group LLP now owns 1,077,828 shares of the industrial products company’s stock valued at $50,830,000 after buying an additional 846,284 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Buying and Selling

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 60,196 shares of the company’s stock, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.40% of the stock is currently owned by insiders.

Tetra Tech Trading Up 1.1 %

Shares of Tetra Tech stock opened at $29.37 on Tuesday. Tetra Tech, Inc. has a 1 year low of $28.17 and a 1 year high of $51.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $7.87 billion, a PE ratio of 30.85 and a beta of 0.93. The company has a 50 day simple moving average of $33.16 and a two-hundred day simple moving average of $40.68.

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

Tetra Tech Dividend Announcement

The firm also recently declared 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. This represents a $0.23 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech’s payout ratio is 24.21%.

Analysts Set New Price Targets

TTEK has been the subject of a number of recent research reports. Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a report on Friday, January 31st. KeyCorp lowered their target price on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Maxim Group lowered Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $47.92.

Tetra Tech Company 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.