Advisors Asset Management Inc. raised its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,306 shares of the industrial products company's stock after buying an additional 14,132 shares during the period. Advisors Asset Management Inc.'s holdings in Tetra Tech were worth $3,917,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Terra Alpha Investments LLC purchased a new stake in shares of Tetra Tech in the 4th quarter worth $1,869,000. Counterpoint Mutual Funds LLC purchased a new stake in Tetra Tech in the fourth quarter worth about $310,000. Polen Capital Management LLC increased its position in Tetra Tech by 86.7% in the fourth quarter. Polen Capital Management LLC now owns 43,162 shares of the industrial products company's stock worth $1,720,000 after buying an additional 20,038 shares in the last quarter. Harbour Investments Inc. raised its stake in shares of Tetra Tech by 374.1% in the fourth quarter. Harbour Investments Inc. now owns 23,719 shares of the industrial products company's stock worth $945,000 after buying an additional 18,716 shares during the period. Finally, Corient Private Wealth LLC lifted its position in shares of Tetra Tech by 14.9% during the 4th quarter. Corient Private Wealth LLC now owns 2,613,259 shares of the industrial products company's stock valued at $104,112,000 after buying an additional 339,839 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors.
Insider Transactions at Tetra Tech
In related news, Director Kirsten M. Volpi sold 10,116 shares of the business's 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 sale, the director now owns 60,196 shares in the company, valued at approximately $2,066,528.68. The trade was a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.40% of the company's stock.
Tetra Tech Price Performance
Shares of NASDAQ:TTEK traded up $0.07 during midday trading on Tuesday, reaching $29.44. 2,035,653 shares of the company were exchanged, compared to its average volume of 3,174,388. The stock has a market cap of $7.89 billion, a PE ratio of 30.92 and a beta of 0.93. The business's fifty day moving average is $33.16 and its two-hundred day moving average is $40.68. Tetra Tech, Inc. has a one year low of $28.17 and a one year high of $51.20. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating 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%. As a group, analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.
Tetra Tech Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.058 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.79%. Tetra Tech's dividend payout ratio (DPR) is 24.21%.
Analyst Upgrades and Downgrades
TTEK has been the subject of several analyst reports. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a report on Friday, January 31st. Maxim Group downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, KeyCorp lowered their target price on shares of Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $47.92.
Check Out Our Latest Research Report on TTEK
Tetra Tech Company Profile
(
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.
Read More
Before you consider Tetra Tech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tetra Tech wasn't on the list.
While Tetra Tech currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
