Tetra Tech, Inc. (NASDAQ:TTEK) Holdings Reduced by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lowered its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 195,681 shares of the industrial products company’s stock after selling 1,567 shares during the quarter. GHP Investment Advisors Inc. owned about 0.07% of Tetra Tech worth $7,796,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Osprey Private Wealth LLC grew its position in Tetra Tech by 0.3% in the 4th quarter. Osprey Private Wealth LLC now owns 170,850 shares of the industrial products company’s stock valued at $6,807,000 after buying an additional 525 shares in the last quarter. Stratos Investment Management LLC bought a new position in shares of Tetra Tech in the fourth quarter valued at approximately $1,337,000. Tanager Wealth Management LLP acquired a new position in shares of Tetra Tech during the fourth quarter valued at approximately $259,000. Ninety One North America Inc. raised its holdings in Tetra Tech by 2.6% during the fourth quarter. Ninety One North America Inc. now owns 272,713 shares of the industrial products company’s stock worth $10,865,000 after purchasing an additional 6,968 shares in the last quarter. Finally, abrdn plc lifted its position in Tetra Tech by 7.6% in the fourth quarter. abrdn plc now owns 2,269,777 shares of the industrial products company’s stock worth $90,031,000 after purchasing an additional 159,701 shares during the period. Institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TTEK. Maxim Group cut Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 target price on shares of Tetra Tech in a report on Friday, November 15th. KeyCorp cut their price target on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Robert W. Baird lifted their price objective on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Finally, StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Tetra Tech has an average rating of “Moderate Buy” and a consensus target price of $48.52.

Tetra Tech Price Performance

TTEK stock opened at $34.09 on Thursday. Tetra Tech, Inc. has a one year low of $31.09 and a one year high of $51.20. The firm has a 50-day moving average of $40.32 and a two-hundred day moving average of $44.07. The firm has a market capitalization of $9.14 billion, a PE ratio of 35.81 and a beta of 0.89. The company has a current ratio of 1.29, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating 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%. On average, analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, February 12th. Tetra Tech’s payout ratio is 24.16%.

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.