Machina Capital S.A.S. Has $203,000 Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Machina Capital S.A.S. lowered its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 16.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,089 shares of the industrial products company’s stock after selling 1,002 shares during the quarter. Machina Capital S.A.S.’s holdings in Tetra Tech were worth $203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTEK. US Bancorp DE increased its position in shares of Tetra Tech by 401.8% during the 3rd quarter. US Bancorp DE now owns 17,093 shares of the industrial products company’s stock worth $806,000 after purchasing an additional 13,687 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Tetra Tech by 461.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,548 shares of the industrial products company’s stock worth $167,000 after purchasing an additional 2,916 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Tetra Tech by 250.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 42,647 shares of the industrial products company’s stock worth $2,011,000 after purchasing an additional 30,468 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Tetra Tech during the 3rd quarter worth approximately $206,000. Finally, Concurrent Investment Advisors LLC raised its stake in shares of Tetra Tech by 385.0% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 6,630 shares of the industrial products company’s stock worth $313,000 after purchasing an additional 5,263 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

TTEK has been the topic of a number of analyst reports. KeyCorp dropped their price objective on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a research note on Friday, January 31st. Robert W. Baird boosted their target price on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, Maxim Group lowered Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.92.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the company’s 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 of the company’s stock, valued at $2,066,528.68. This represents a 14.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.40% of the company’s stock.

Tetra Tech Stock Up 5.1 %

TTEK stock opened at $30.02 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $8.05 billion, a PE ratio of 31.53 and a beta of 0.93. Tetra Tech, Inc. has a 1-year low of $28.17 and a 1-year high of $51.20. The business’s 50 day simple moving average is $35.52 and its 200 day simple moving average is $42.03.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results 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 return on equity of 22.58% and a net margin of 4.81%. As a group, research analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Wednesday, February 12th. Tetra Tech’s dividend payout ratio is 24.21%.

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.