Tetra Tech, Inc. (TTEK) Holdings Lessened by Systematic Financial Management LP

Systematic Financial Management LP trimmed its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 10.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 218,764 shares of the industrial products company’s stock after selling 25,217 shares during the period. Systematic Financial Management LP owned about 0.39% of Tetra Tech worth $10,708,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TTEK. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Tetra Tech by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,054 shares of the industrial products company’s stock valued at $147,000 after acquiring an additional 1,019 shares in the last quarter. Deutsche Bank AG raised its position in shares of Tetra Tech by 28.9% during the 4th quarter. Deutsche Bank AG now owns 437,152 shares of the industrial products company’s stock valued at $21,045,000 after acquiring an additional 98,088 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Tetra Tech by 54.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 172,344 shares of the industrial products company’s stock valued at $8,298,000 after acquiring an additional 60,787 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Tetra Tech by 12.3% during the 4th quarter. Wells Fargo & Company MN now owns 357,520 shares of the industrial products company’s stock valued at $17,214,000 after acquiring an additional 39,037 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of Tetra Tech by 10.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 80,861 shares of the industrial products company’s stock valued at $3,893,000 after acquiring an additional 7,361 shares in the last quarter. 85.17% of the stock is currently owned by institutional investors.

TTEK has been the topic of several research reports. BidaskClub raised Tetra Tech from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Boenning Scattergood reissued a “buy” rating and set a $65.00 price target on shares of Tetra Tech in a research report on Thursday, March 15th. ValuEngine raised Tetra Tech from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Stifel Nicolaus upped their price target on Tetra Tech from $52.00 to $53.00 and gave the company a “hold” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research lowered Tetra Tech from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $56.83.



Shares of Tetra Tech opened at $53.55 on Wednesday, according to MarketBeat.com. The firm has a market cap of $2.99 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.54 and a beta of 1.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.49. Tetra Tech, Inc. has a 12 month low of $39.95 and a 12 month high of $54.45.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, May 2nd. The industrial products company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. The firm had revenue of $532.79 million during the quarter, compared to the consensus estimate of $509.14 million. Tetra Tech had a return on equity of 14.38% and a net margin of 4.83%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 EPS. equities analysts forecast that Tetra Tech, Inc. will post 2.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Wednesday, May 16th will be paid a dividend of $0.12 per share. This is an increase from Tetra Tech’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Tuesday, May 15th. Tetra Tech’s dividend payout ratio is presently 22.54%.

In related news, Chairman Dan L. Batrack sold 68,270 shares of the company’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $51.62, for a total transaction of $3,524,097.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Richard A. Lemmon sold 1,661 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $52.23, for a total value of $86,754.03. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 123,581 shares of company stock valued at $6,333,406. 3.40% of the stock is owned by company insiders.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through two segments, Water, Environment and Infrastructure (WEI); and Resource Management and Energy (RME). The WEI segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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.

Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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