Oak Thistle LLC Cuts Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Oak Thistle LLC lowered its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 53.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,023 shares of the industrial products company’s stock after selling 23,292 shares during the quarter. Oak Thistle LLC’s holdings in Tetra Tech were worth $798,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. ELCO Management Co. LLC lifted its position in shares of Tetra Tech by 4.8% during the 2nd quarter. ELCO Management Co. LLC now owns 1,313 shares of the industrial products company’s stock valued at $268,000 after buying an additional 60 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Tetra Tech by 0.8% during the second quarter. Victory Capital Management Inc. now owns 11,229 shares of the industrial products company’s stock valued at $2,296,000 after purchasing an additional 86 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Tetra Tech by 561.3% in the second quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 174 shares during the period. American Century Companies Inc. increased its stake in shares of Tetra Tech by 3.3% during the second quarter. American Century Companies Inc. now owns 5,841 shares of the industrial products company’s stock worth $1,194,000 after purchasing an additional 185 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Tetra Tech during the 2nd quarter worth about $54,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Price Performance

NASDAQ:TTEK opened at $41.88 on Thursday. Tetra Tech, Inc. has a one year low of $31.61 and a one year high of $51.20. The stock has a market cap of $11.21 billion, a PE ratio of 33.99 and a beta of 0.90. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a 50 day moving average price of $41.67 and a 200 day moving average price of $44.27.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Wednesday, November 27th. Tetra Tech’s dividend payout ratio (DPR) is presently 18.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price target on shares of Tetra Tech in a research report on Friday, November 15th. Robert W. Baird raised their price objective on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, KeyCorp dropped their target price on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.32.

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.