O Shaughnessy Asset Management LLC Sells 5,977 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

O Shaughnessy Asset Management LLC cut its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 16.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,869 shares of the industrial products company’s stock after selling 5,977 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Tetra Tech were worth $1,190,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. R Squared Ltd bought a new stake in Tetra Tech during the 4th quarter valued at about $39,000. Asset Planning Inc purchased a new stake in shares of Tetra Tech during the fourth quarter valued at approximately $40,000. Jones Financial Companies Lllp increased its position in shares of Tetra Tech by 98.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 495 shares in the last quarter. Blue Trust Inc. raised its holdings in Tetra Tech by 235.8% in the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 1,014 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Tetra Tech by 171.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,644 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 1,039 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the business’s stock in a transaction dated 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 sale, the director now 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.40% of the stock is currently owned by company insiders.

Tetra Tech Stock Down 3.0 %

Tetra Tech stock opened at $29.10 on Monday. Tetra Tech, Inc. has a one year low of $28.17 and a one year high of $51.20. The stock has a fifty day moving average of $31.02 and a 200 day moving average of $39.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $7.80 billion, a PE ratio of 30.57 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last released 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 net margin of 4.81% and a return on equity of 22.58%. As a group, sell-side analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders 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 dividend yield of 0.80%. 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 several recent analyst reports. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a research note on Friday, January 31st. Maxim Group lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, KeyCorp dropped their price target on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.92.

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.