Quantbot Technologies LP bought a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 40,642 shares of the industrial products company's stock, valued at approximately $1,619,000.
Other large investors have also modified their holdings of the company. Canton Hathaway LLC raised its position in shares of Tetra Tech by 400.0% during the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company's stock valued at $30,000 after buying an additional 516 shares during the period. Millburn Ridgefield Corp lifted its position in Tetra Tech by 346.9% in the third quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company's stock valued at $37,000 after buying an additional 621 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Tetra Tech during the fourth quarter valued at about $39,000. Asset Planning Inc acquired a new position in shares of Tetra Tech in the 4th quarter worth approximately $40,000. Finally, Jones Financial Companies Lllp boosted its position in shares of Tetra Tech by 98.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock worth $40,000 after purchasing an additional 495 shares during the period. Institutional investors and hedge funds own 93.89% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have commented on TTEK shares. Maxim Group cut Tetra Tech from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Royal Bank of Canada set a $49.00 target price on Tetra Tech in a research note on Friday, January 31st. Finally, KeyCorp lowered their target price on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $47.92.
View Our Latest Stock Analysis on Tetra Tech
Insider Transactions at Tetra Tech
In related news, Director Kirsten M. Volpi sold 10,116 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total value of $347,282.28. Following the transaction, the director now directly owns 60,196 shares of the company's stock, valued at $2,066,528.68. This trade represents a 14.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.40% of the company's stock.
Tetra Tech Stock Down 1.2 %
TTEK stock traded down $0.35 during mid-day trading on Friday, reaching $29.15. The company had a trading volume of 1,151,746 shares, compared to its average volume of 1,962,040. The firm has a fifty day simple moving average of $32.13 and a 200 day simple moving average of $40.21. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 30.62 and a beta of 0.93. Tetra Tech, Inc. has a fifty-two week low of $28.17 and a fifty-two week high of $51.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. Analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.
Tetra Tech Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $0.058 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.80%. Tetra Tech's payout ratio is currently 24.21%.
About Tetra Tech
(
Free Report)
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.
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