Natixis Advisors LLC Sells 16,164 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Natixis Advisors LLC cut its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 18.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,497 shares of the industrial products company’s stock after selling 16,164 shares during the quarter. Natixis Advisors LLC’s holdings in Tetra Tech were worth $2,888,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TTEK. Canton Hathaway LLC lifted its position in Tetra Tech by 400.0% in the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock worth $30,000 after buying an additional 516 shares during the last quarter. Banque Cantonale Vaudoise lifted its position in Tetra Tech by 400.0% in the third quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company’s stock worth $33,000 after buying an additional 556 shares during the last quarter. Millburn Ridgefield Corp lifted its position in Tetra Tech by 346.9% in the third quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company’s stock worth $37,000 after buying an additional 621 shares during the last quarter. R Squared Ltd bought a new stake in Tetra Tech in the fourth quarter worth $39,000. Finally, Asset Planning Inc bought a new stake in Tetra Tech in the fourth quarter worth $40,000. 93.89% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 transaction, the director now owns 60,196 shares in the company, 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 is accessible through this link. Insiders own 0.40% of the company’s stock.

Tetra Tech Stock Performance

Shares of Tetra Tech stock opened at $29.04 on Monday. The firm has a market cap of $7.78 billion, a P/E ratio of 30.50 and a beta of 0.93. 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. The stock’s fifty day moving average price is $33.41 and its 200-day moving average price is $40.81.

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

Tetra Tech Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.058 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.80%. Tetra Tech’s dividend payout ratio is currently 24.21%.

Wall Street Analysts Forecast Growth

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

Tetra Tech 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.