Tetra Tech, Inc. (NASDAQ:TTEK) Shares Purchased by Amundi

Amundi boosted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,873,176 shares of the industrial products company's stock after purchasing an additional 117,304 shares during the quarter. Amundi owned about 1.82% of Tetra Tech worth $194,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings in Tetra Tech by 401.8% in the third quarter. US Bancorp DE now owns 17,093 shares of the industrial products company's stock worth $806,000 after acquiring an additional 13,687 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Tetra Tech by 461.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,548 shares of the industrial products company's stock valued at $167,000 after purchasing an additional 2,916 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Tetra Tech by 250.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 42,647 shares of the industrial products company's stock worth $2,011,000 after purchasing an additional 30,468 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in Tetra Tech during the 3rd quarter worth approximately $206,000. Finally, Concurrent Investment Advisors LLC grew its position in Tetra Tech by 385.0% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 6,630 shares of the industrial products company's stock worth $313,000 after purchasing an additional 5,263 shares during the last quarter. Institutional investors own 93.89% of the company's stock.

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Tetra Tech Stock Performance

NASDAQ TTEK traded down $0.64 on Wednesday, hitting $28.69. 1,690,402 shares of the company's stock traded hands, compared to its average volume of 3,293,960. 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, Inc. has a 1-year low of $28.17 and a 1-year high of $51.20. The firm's 50-day moving average price is $35.12 and its two-hundred day moving average price is $41.80. The firm has a market capitalization of $7.69 billion, a PE ratio of 30.14 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced 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 expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.058 dividend. This represents a $0.23 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Wednesday, February 12th. Tetra Tech's dividend payout ratio is currently 24.21%.

Insider Activity 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 completion of the transaction, the director now directly owns 60,196 shares in the company, valued at $2,066,528.68. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

TTEK has been the topic of several research analyst reports. StockNews.com downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. KeyCorp dropped 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 report on Friday, January 31st. Robert W. Baird boosted their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a research report on Friday, January 31st. Finally, Maxim Group downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $47.92.

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.