Aviva PLC increased its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 46.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 823,738 shares of the industrial products company's stock after buying an additional 260,913 shares during the quarter. Aviva PLC owned about 0.31% of Tetra Tech worth $32,818,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Tetra Tech in the fourth quarter valued at approximately $39,000. Asset Planning Inc purchased a new position in shares of Tetra Tech in the 4th quarter valued at $40,000. Jones Financial Companies Lllp lifted its holdings 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 valued at $40,000 after acquiring an additional 495 shares in the last quarter. Blue Trust Inc. boosted its position in Tetra Tech by 235.8% during the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock worth $58,000 after purchasing an additional 1,014 shares during the period. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in Tetra Tech in the 4th quarter valued at $63,000. Institutional investors and hedge funds own 93.89% of the company's stock.
Tetra Tech Stock Up 2.4 %
Shares of NASDAQ:TTEK traded up $0.70 during trading on Friday, hitting $29.96. The company's stock had a trading volume of 372,700 shares, compared to its average volume of 1,998,411. The company has a market capitalization of $8.03 billion, a PE ratio of 31.42 and a beta of 0.89. Tetra Tech, Inc. has a fifty-two week low of $27.27 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. The stock's 50-day moving average price is $30.03 and its two-hundred day moving average price is $38.89.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its earnings results 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 return on equity of 22.58% and a net margin of 4.81%. As a group, sell-side analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.
Tetra Tech Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Wednesday, February 12th. Tetra Tech's dividend payout ratio is currently 24.21%.
Insider Buying and Selling
In other Tetra Tech 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 transaction of $347,282.28. Following the sale, the director now directly owns 60,196 shares of the company's stock, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of research analysts have commented on TTEK shares. Maxim Group cut Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. KeyCorp reduced their price target on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Finally, Royal Bank of Canada set a $49.00 price target on Tetra Tech in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Tetra Tech presently has an average rating of "Moderate Buy" and an average price target of $47.92.
Get Our Latest Stock 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.
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