New England Research & Management Inc. Purchases Shares of 14,950 Tetra Tech, Inc. (NASDAQ:TTEK)

New England Research & Management Inc. bought a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,950 shares of the industrial products company's stock, valued at approximately $596,000.

Several other large investors also recently modified their holdings of TTEK. AQR Capital Management LLC raised its holdings in Tetra Tech by 14.1% in the 2nd quarter. AQR Capital Management LLC now owns 4,056 shares of the industrial products company's stock worth $829,000 after purchasing an additional 502 shares in the last quarter. Quarry LP purchased a new stake in Tetra Tech in the second quarter worth about $54,000. Point72 Asset Management L.P. boosted its position in Tetra Tech by 37.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 4,800 shares of the industrial products company's stock valued at $982,000 after acquiring an additional 1,300 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Tetra Tech by 17.8% during the 2nd quarter. Cetera Investment Advisers now owns 10,137 shares of the industrial products company's stock worth $2,073,000 after acquiring an additional 1,532 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of Tetra Tech in the 2nd quarter worth approximately $995,000. 93.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TTEK has been the topic of several recent research reports. Robert W. Baird upped their price target on Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. StockNews.com lowered shares of Tetra Tech from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. KeyCorp dropped their price objective on shares of Tetra Tech from $56.00 to $49.00 and set an "overweight" rating on the stock in a research note on Friday, November 15th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $52.00 target price on shares of Tetra Tech in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $49.32.

Tetra Tech Stock Performance

Shares of TTEK stock traded down $0.73 during trading hours on Thursday, reaching $36.94. The company had a trading volume of 13,740,445 shares, compared to its average volume of 3,074,963. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. The business has a fifty day moving average price of $40.91 and a 200-day moving average price of $44.26. Tetra Tech, Inc. has a one year low of $31.09 and a one year high of $51.20. The firm has a market cap of $9.90 billion, a PE ratio of 29.99 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Tetra Tech had a net margin of 6.41% and a return on equity of 20.64%. Sell-side analysts predict that Tetra Tech, Inc. will post 1.45 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, November 27th. Tetra Tech's dividend payout ratio is presently 18.67%.

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.