Martingale Asset Management L P Sells 400 Shares of Tetra Tech, Inc. (TTEK)

Martingale Asset Management L P reduced its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 0.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 143,329 shares of the industrial products company’s stock after selling 400 shares during the quarter. Martingale Asset Management L P owned about 0.25% of Tetra Tech worth $6,558,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new position in shares of Tetra Tech during the 1st quarter worth about $185,000. LS Investment Advisors LLC grew its position in shares of Tetra Tech by 117.6% during the 1st quarter. LS Investment Advisors LLC now owns 4,872 shares of the industrial products company’s stock worth $199,000 after buying an additional 2,633 shares during the period. Strs Ohio grew its position in shares of Tetra Tech by 45.2% during the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock worth $205,000 after buying an additional 1,400 shares during the period. Tocqueville Asset Management L.P. acquired a new position in shares of Tetra Tech during the 2nd quarter worth about $206,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Tetra Tech during the 2nd quarter worth about $210,000. Institutional investors own 84.78% of the company’s stock.

Several equities analysts have recently issued reports on the company. Stifel Nicolaus restated a “hold” rating and set a $47.00 target price on shares of Tetra Tech in a research report on Thursday, September 7th. Robert W. Baird restated a “hold” rating and set a $47.00 target price on shares of Tetra Tech in a research report on Tuesday, September 5th. Boenning Scattergood restated an “outperform” rating on shares of Tetra Tech in a research report on Tuesday, September 5th. Canaccord Genuity restated a “buy” rating and set a $52.00 target price on shares of Tetra Tech in a research report on Friday, August 4th. Finally, BidaskClub lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Tetra Tech has a consensus rating of “Hold” and an average price target of $49.50.

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Tetra Tech, Inc. (TTEK) opened at 43.05 on Wednesday. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 21.82 and a beta of 1.05. Tetra Tech, Inc. has a 52-week low of $34.76 and a 52-week high of $48.35. The stock’s 50 day moving average price is $42.96 and its 200 day moving average price is $43.51.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The company had revenue of $498.47 million for the quarter, compared to the consensus estimate of $535.18 million. During the same quarter last year, the business earned $0.50 earnings per share. Tetra Tech’s revenue was up .0% compared to the same quarter last year. On average, equities analysts anticipate that Tetra Tech, Inc. will post $2.11 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, August 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.93%. Tetra Tech’s dividend payout ratio (DPR) is 20.30%.

About Tetra Tech

Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.

Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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