Versant Capital Management Inc Has $30,000 Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Versant Capital Management Inc trimmed its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 34.7% in the fourth quarter, HoldingsChannel reports. The firm owned 754 shares of the industrial products company’s stock after selling 400 shares during the period. Versant Capital Management Inc’s holdings in Tetra Tech were worth $30,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in TTEK. Allworth Financial LP raised its position in shares of Tetra Tech by 629.3% during the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 472 shares during the last quarter. LGT Financial Advisors LLC lifted its position in Tetra Tech by 400.0% during the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 444 shares during the period. Venturi Wealth Management LLC grew its position in shares of Tetra Tech by 3,261.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock worth $29,000 after buying an additional 587 shares during the period. Canton Hathaway LLC raised its stake in shares of Tetra Tech by 400.0% during the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock worth $30,000 after buying an additional 516 shares during the last quarter. Finally, USA Financial Formulas lifted its holdings in Tetra Tech by 332.3% in the third quarter. USA Financial Formulas now owns 709 shares of the industrial products company’s stock valued at $33,000 after buying an additional 545 shares during the period. 93.89% of the stock is owned by institutional investors.

Tetra Tech Stock Performance

Shares of TTEK opened at $39.53 on Wednesday. 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 company has a market cap of $10.58 billion, a PE ratio of 32.09 and a beta of 0.90. Tetra Tech, Inc. has a one year low of $31.61 and a one year high of $51.20. The firm has a 50-day moving average of $42.63 and a 200-day moving average of $44.32.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were given a $0.058 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.59%. Tetra Tech’s payout ratio is 18.70%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. StockNews.com downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. KeyCorp reduced their target price on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price target on shares of Tetra Tech in a research note on Friday, November 15th. Finally, 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.32.

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.