WINTON GROUP Ltd Sells 5,281 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

WINTON GROUP Ltd trimmed its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 329,989 shares of the industrial products company’s stock after selling 5,281 shares during the quarter. Tetra Tech comprises approximately 0.9% of WINTON GROUP Ltd’s portfolio, making the stock its 19th biggest position. WINTON GROUP Ltd owned about 0.12% of Tetra Tech worth $13,147,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TTEK. Thrivent Financial for Lutherans raised its stake in Tetra Tech by 386.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 63,336 shares of the industrial products company’s stock valued at $2,987,000 after buying an additional 50,311 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Tetra Tech by 470.7% in the third quarter. PNC Financial Services Group Inc. now owns 22,982 shares of the industrial products company’s stock worth $1,084,000 after purchasing an additional 18,955 shares during the last quarter. Intech Investment Management LLC boosted its position in Tetra Tech by 65.9% in the third quarter. Intech Investment Management LLC now owns 13,407 shares of the industrial products company’s stock worth $632,000 after purchasing an additional 5,324 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of 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 valued at $97,644,000 after purchasing an additional 1,618,211 shares during the period. Finally, Pitcairn Co. increased its position in shares of Tetra Tech by 284.6% during the 3rd quarter. Pitcairn Co. now owns 6,796 shares of the industrial products company’s stock valued at $320,000 after purchasing an additional 5,029 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Maxim Group lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. KeyCorp cut their price objective 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. Finally, Royal Bank of Canada set a $49.00 target price on Tetra Tech in a report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.92.

Tetra Tech Stock Performance

TTEK opened at $29.33 on Thursday. The firm has a market cap of $7.86 billion, a P/E ratio of 30.81 and a beta of 0.93. Tetra Tech, Inc. has a 1-year low of $28.17 and a 1-year high of $51.20. The company has a 50 day simple moving average of $32.91 and a two-hundred day simple moving average of $40.56. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29.

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

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued 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 was Wednesday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is currently 24.21%.

Insider Activity

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

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.