Securian Asset Management Inc. Sells 560 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Securian Asset Management Inc. lessened its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 2.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,239 shares of the industrial products company’s stock after selling 560 shares during the period. Securian Asset Management Inc.’s holdings in Tetra Tech were worth $806,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC raised its stake in Tetra Tech by 3,261.1% during the third quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock worth $29,000 after buying an additional 587 shares during the last quarter. Canton Hathaway LLC raised its stake in Tetra Tech by 400.0% during the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock worth $30,000 after buying an additional 516 shares during the last quarter. Banque Cantonale Vaudoise raised its stake in Tetra Tech by 400.0% during the third quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company’s stock worth $33,000 after buying an additional 556 shares during the last quarter. Millburn Ridgefield Corp raised its stake in Tetra Tech by 346.9% during the third quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company’s stock worth $37,000 after buying an additional 621 shares during the last quarter. Finally, R Squared Ltd bought a new position in Tetra Tech during the fourth quarter worth $39,000. 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 company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of the sale, the director now directly owns 60,196 shares of the company’s stock, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their position. The sale 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 insiders.

Tetra Tech Trading Up 1.5 %

NASDAQ:TTEK opened at $29.12 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50-day moving average of $34.45 and a 200-day moving average of $41.42. The company has a market cap of $7.81 billion, a PE ratio of 30.59 and a beta of 0.93. Tetra Tech, Inc. has a one year low of $28.17 and a one year high of $51.20.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, topping 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, equities research analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech’s payout ratio is presently 24.21%.

Analyst Ratings Changes

TTEK has been the subject of a number of analyst reports. Maxim Group downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a research note on Friday, January 31st. Finally, KeyCorp decreased their price target on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.92.

Tetra Tech 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.