AEGON ASSET MANAGEMENT UK Plc Has $48.91 Million Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

AEGON ASSET MANAGEMENT UK Plc decreased its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 16.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,227,732 shares of the industrial products company’s stock after selling 238,653 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.46% of Tetra Tech worth $48,913,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tributary Capital Management LLC grew its holdings in Tetra Tech by 46.8% during the 4th quarter. Tributary Capital Management LLC now owns 36,855 shares of the industrial products company’s stock worth $1,468,000 after acquiring an additional 11,746 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Tetra Tech by 866.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 49,271 shares of the industrial products company’s stock worth $1,963,000 after purchasing an additional 44,173 shares during the period. Brighton Jones LLC bought a new stake in shares of Tetra Tech in the fourth quarter worth $225,000. Janney Montgomery Scott LLC increased its holdings in Tetra Tech by 2.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 43,830 shares of the industrial products company’s stock valued at $1,746,000 after purchasing an additional 1,183 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Tetra Tech by 45.3% in the fourth quarter. SG Americas Securities LLC now owns 12,915 shares of the industrial products company’s stock valued at $515,000 after purchasing an additional 4,029 shares during the period. Institutional investors own 93.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Robert W. Baird upped their price target on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Tetra Tech in a report on Friday, November 15th. StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, KeyCorp dropped their price target on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Tetra Tech has an average rating of “Moderate Buy” and an average price target of $49.32.

Tetra Tech Trading Down 2.6 %

NASDAQ TTEK opened at $38.37 on Friday. Tetra Tech, Inc. has a one year low of $31.61 and a one year high of $51.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50 day simple moving average of $41.06 and a 200 day simple moving average of $44.30. The stock has a market capitalization of $10.28 billion, a P/E ratio of 31.14 and a beta of 0.90.

Tetra Tech Announces Dividend

The business also recently announced 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. This represents a $0.23 annualized dividend and a yield of 0.60%. The ex-dividend date was Wednesday, November 27th. Tetra Tech’s dividend payout ratio is presently 18.67%.

Tetra Tech Company 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.