TT International Asset Management LTD Has $656,000 Position in Tetra Tech, Inc. (NASDAQ:TTEK)

TT International Asset Management LTD cut its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 22.4% in the fourth quarter, Holdings Channel reports. The fund owned 16,478 shares of the industrial products company’s stock after selling 4,755 shares during the period. TT International Asset Management LTD’s holdings in Tetra Tech were worth $656,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in TTEK. Sarasin & Partners LLP grew its position in shares of Tetra Tech by 330.9% during the 3rd quarter. Sarasin & Partners LLP now owns 4,950,383 shares of the industrial products company’s stock worth $233,460,000 after buying an additional 3,801,435 shares during the period. Geode Capital Management LLC lifted its stake in Tetra Tech by 406.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company’s stock valued at $222,466,000 after acquiring an additional 3,785,189 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Tetra Tech by 387.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,299,418 shares of the industrial products company’s stock valued at $155,601,000 after acquiring an additional 2,622,288 shares in the last quarter. abrdn plc lifted its stake in Tetra Tech by 353.0% in the 3rd quarter. abrdn plc now owns 2,110,076 shares of the industrial products company’s stock valued at $98,477,000 after acquiring an additional 1,644,267 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Tetra Tech by 357.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company’s stock valued at $97,644,000 after acquiring an additional 1,618,211 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TTEK has been the topic of a number of analyst reports. Robert W. Baird upped their price objective on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Tetra Tech in a report on Friday, November 15th. KeyCorp decreased their price objective on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Finally, StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.32.

Tetra Tech Stock Performance

TTEK opened at $41.02 on Monday. The firm has a market cap of $10.98 billion, a P/E ratio of 33.30 and a beta of 0.90. Tetra Tech, Inc. has a 52-week low of $31.61 and a 52-week high of $51.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. The business’s fifty day moving average is $42.09 and its 200-day moving average is $44.29.

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Wednesday, November 27th. Tetra Tech’s dividend payout ratio (DPR) is currently 18.70%.

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.