Yousif Capital Management LLC Sells 3,962 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Yousif Capital Management LLC decreased its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 4.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 95,438 shares of the industrial products company’s stock after selling 3,962 shares during the period. Yousif Capital Management LLC’s holdings in Tetra Tech were worth $3,802,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Allworth Financial LP lifted its position in Tetra Tech by 629.3% in the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock worth $26,000 after buying an additional 472 shares during the last quarter. LGT Financial Advisors LLC lifted its holdings in shares of Tetra Tech by 400.0% in the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 444 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Tetra Tech by 3,261.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 587 shares during the period. Canton Hathaway LLC grew its holdings in Tetra Tech by 400.0% during the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 516 shares during the last quarter. Finally, USA Financial Formulas raised its position in Tetra Tech by 332.3% in the 3rd quarter. USA Financial Formulas now owns 709 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 545 shares during the period. Institutional investors own 93.89% of the company’s stock.

Insiders Place Their Bets

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

Tetra Tech Price Performance

Shares of TTEK stock opened at $33.40 on Friday. Tetra Tech, Inc. has a twelve month low of $31.09 and a twelve month high of $51.20. The company has a current ratio of 1.29, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $40.16 and a two-hundred day simple moving average of $44.02. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 35.08 and a beta of 0.89.

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

Tetra Tech Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Wednesday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is 24.16%.

Wall Street Analysts Forecast Growth

TTEK has been the subject of several recent analyst reports. KeyCorp dropped 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. Robert W. Baird upped their price objective on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Tetra Tech in a research note on Friday, November 15th. Maxim Group lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Three equities 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 company has an average rating of “Moderate Buy” and an average price target of $48.52.

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.