Centiva Capital LP Sells 33,475 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Centiva Capital LP lessened its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 70.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,880 shares of the industrial products company’s stock after selling 33,475 shares during the quarter. Centiva Capital LP’s holdings in Tetra Tech were worth $553,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in shares of Tetra Tech in the 4th quarter valued at approximately $39,000. Asset Planning Inc acquired a new stake in Tetra Tech in the fourth quarter valued at $40,000. Jones Financial Companies Lllp grew its position in shares of Tetra Tech by 98.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 495 shares during the period. Blue Trust Inc. raised its holdings in shares of Tetra Tech by 235.8% in the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 1,014 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in Tetra Tech in the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analyst Upgrades and Downgrades

TTEK has been the topic of several research analyst reports. KeyCorp upped their price objective on Tetra Tech from $34.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday. Robert W. Baird raised their price target on Tetra Tech from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday. Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a report on Friday, January 31st. Finally, Maxim Group cut shares of Tetra Tech from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $44.15.

Tetra Tech Stock Up 1.7 %

TTEK stock opened at $35.49 on Friday. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $51.20. 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 stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 37.28 and a beta of 0.92. The business’s fifty day moving average price is $30.07 and its two-hundred day moving average price is $36.47.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business posted $0.28 EPS. The business’s revenue was up 25.9% compared to the same quarter last year. On average, equities analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.065 per share. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, May 23rd. Tetra Tech’s dividend payout ratio is 24.21%.

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.