Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. lifted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,025,870 shares of the industrial products company's stock after buying an additional 11,145 shares during the period. Tetra Tech accounts for approximately 2.2% of Bowen Hanes & Co. Inc.'s portfolio, making the stock its 12th largest holding. Bowen Hanes & Co. Inc. owned approximately 0.76% of Tetra Tech worth $80,711,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its holdings in shares of Tetra Tech by 3,261.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock worth $29,000 after acquiring an additional 587 shares during the period. Canton Hathaway LLC increased its position in Tetra Tech by 400.0% during the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company's stock worth $30,000 after purchasing an additional 516 shares during the last quarter. Banque Cantonale Vaudoise boosted its holdings in shares of Tetra Tech by 400.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 556 shares during the last quarter. Millburn Ridgefield Corp increased its holdings in shares of Tetra Tech by 346.9% during the 3rd quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company's stock worth $37,000 after buying an additional 621 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Tetra Tech in the fourth quarter valued at $39,000. 93.89% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

TTEK has been the topic of a number of research reports. Maxim Group downgraded Tetra Tech from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. KeyCorp cut their price target on shares of Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Finally, Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $47.92.

Tetra Tech Stock Up 1.1 %

NASDAQ:TTEK traded up $0.32 during trading hours on Monday, hitting $29.44. The stock had a trading volume of 1,546,620 shares, compared to its average volume of 1,859,123. The company has a market cap of $7.89 billion, a PE ratio of 30.92 and a beta of 0.93. The business has a 50 day simple moving average of $34.45 and a two-hundred day simple moving average of $41.42. Tetra Tech, Inc. has a 1-year low of $28.17 and a 1-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 results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. Analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders 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 yield of 0.79%. Tetra Tech's dividend payout ratio is presently 24.21%.

Insider Buying and Selling at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction dated Tuesday, February 4th. The stock was 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 approximately $2,066,528.68. This trade represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is currently owned by corporate insiders.

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.