Empowered Funds LLC Buys 9,460 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Empowered Funds LLC raised its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 34.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 37,186 shares of the industrial products company's stock after acquiring an additional 9,460 shares during the period. Empowered Funds LLC's holdings in Tetra Tech were worth $1,481,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Lecap Asset Management Ltd. lifted its holdings in shares of Tetra Tech by 71.3% in the fourth quarter. Lecap Asset Management Ltd. now owns 44,769 shares of the industrial products company's stock valued at $1,784,000 after purchasing an additional 18,635 shares in the last quarter. Osprey Private Wealth LLC lifted its holdings in shares of Tetra Tech by 0.3% in the fourth quarter. Osprey Private Wealth LLC now owns 170,850 shares of the industrial products company's stock valued at $6,807,000 after purchasing an additional 525 shares in the last quarter. Stratos Investment Management LLC bought a new position in shares of Tetra Tech in the fourth quarter valued at approximately $1,337,000. Tanager Wealth Management LLP bought a new position in shares of Tetra Tech in the fourth quarter valued at approximately $259,000. Finally, Ninety One North America Inc. lifted its holdings in shares of Tetra Tech by 2.6% in the fourth quarter. Ninety One North America Inc. now owns 272,713 shares of the industrial products company's stock valued at $10,865,000 after purchasing an additional 6,968 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.

Tetra Tech Stock Performance

NASDAQ:TTEK traded down $0.56 during trading hours on Thursday, reaching $29.96. The stock had a trading volume of 2,024,214 shares, compared to its average volume of 3,412,498. The stock has a market cap of $8.03 billion, a P/E ratio of 31.47 and a beta of 0.89. Tetra Tech, Inc. has a 12-month low of $29.95 and a 12-month 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 has a 50 day simple moving average of $38.21 and a 200 day simple moving average of $43.38.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share 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%. On average, research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a yield of 0.77%. The ex-dividend date is Wednesday, February 12th. Tetra Tech's payout ratio is 24.16%.

Insider Buying and Selling

In other Tetra Tech 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 transaction of $347,282.28. Following the completion of the sale, the director now owns 60,196 shares of the company's stock, valued at $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 available at this hyperlink. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TTEK. Maxim Group lowered Tetra Tech from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. StockNews.com lowered Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Robert W. Baird lifted their price target on Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. Royal Bank of Canada reiterated an "outperform" rating and set a $52.00 price target on shares of Tetra Tech in a report on Friday, November 15th. Finally, KeyCorp dropped their price target on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $48.52.

Tetra Tech Company 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.