Tetra Tech, Inc. (NASDAQ:TTEK) Position Lowered by Guinness Asset Management LTD

Guinness Asset Management LTD trimmed its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 2.3% in the fourth quarter, Holdings Channel reports. The firm owned 12,789 shares of the industrial products company’s stock after selling 296 shares during the quarter. Guinness Asset Management LTD’s holdings in Tetra Tech were worth $509,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ELCO Management Co. LLC increased its holdings in shares of Tetra Tech by 4.8% in the 2nd quarter. ELCO Management Co. LLC now owns 1,313 shares of the industrial products company’s stock valued at $268,000 after acquiring an additional 60 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Tetra Tech by 561.3% during 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 last quarter. American Century Companies Inc. raised its holdings 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 during the period. Quarry LP bought a new position in shares of Tetra Tech in the 2nd quarter worth about $54,000. Finally, Insigneo Advisory Services LLC boosted its holdings in shares of Tetra Tech by 19.9% in the 2nd quarter. Insigneo Advisory Services LLC now owns 1,668 shares of the industrial products company’s stock valued at $376,000 after buying an additional 277 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Stock Performance

Shares of NASDAQ TTEK opened at $42.58 on Monday. Tetra Tech, Inc. has a 12-month low of $31.61 and a 12-month high of $51.20. The company has a market cap of $11.40 billion, a PE ratio of 34.56 and a beta of 0.90. The stock has a 50 day simple moving average of $41.49 and a 200-day simple moving average of $44.28. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $0.058 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.23 annualized dividend and a dividend yield of 0.54%. Tetra Tech’s payout ratio is 18.67%.

Wall Street Analyst Weigh In

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