Arkadios Wealth Advisors Sells 1,626 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Arkadios Wealth Advisors lessened its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,684 shares of the industrial products company’s stock after selling 1,626 shares during the quarter. Arkadios Wealth Advisors’ holdings in Tetra Tech were worth $824,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in Tetra Tech by 3.3% during the 2nd quarter. American Century Companies Inc. now owns 5,841 shares of the industrial products company’s stock worth $1,194,000 after acquiring an additional 185 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Tetra Tech by 10.2% during the second quarter. Dimensional Fund Advisors LP now owns 434,568 shares of the industrial products company’s stock worth $88,888,000 after purchasing an additional 40,106 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Tetra Tech by 18.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,961 shares of the industrial products company’s stock worth $1,014,000 after purchasing an additional 782 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Tetra Tech in the 2nd quarter valued at about $1,653,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Tetra Tech during the 2nd quarter worth approximately $123,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Trading Up 0.6 %

Shares of TTEK opened at $42.58 on Tuesday. Tetra Tech, Inc. has a fifty-two week low of $31.61 and a fifty-two week high of $51.20. The business has a 50-day moving average of $41.38 and a 200 day moving average of $44.30. The firm has a market cap of $11.40 billion, a P/E ratio of 34.56 and a beta of 0.90. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a dividend of $0.058 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.54%. Tetra Tech’s payout ratio is 18.70%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TTEK shares. StockNews.com downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Robert W. Baird lifted their target price on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. KeyCorp cut their price target on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Tetra Tech 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $49.32.

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.