Evexia Wealth LLC Takes Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Evexia Wealth LLC purchased a new position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,775 shares of the industrial products company's stock, valued at approximately $549,000.

Other institutional investors have also recently made changes to their positions in the company. Walleye Capital LLC increased its position in shares of Tetra Tech by 2,141.2% during the 3rd quarter. Walleye Capital LLC now owns 6,096 shares of the industrial products company's stock valued at $287,000 after purchasing an additional 5,824 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Tetra Tech by 436.3% during the third quarter. HighTower Advisors LLC now owns 124,407 shares of the industrial products company's stock worth $5,883,000 after acquiring an additional 101,208 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Tetra Tech by 327.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 20,515 shares of the industrial products company's stock valued at $967,000 after purchasing an additional 15,715 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of Tetra Tech by 2,817.5% during the 3rd quarter. Quantinno Capital Management LP now owns 66,724 shares of the industrial products company's stock valued at $3,147,000 after purchasing an additional 64,437 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in Tetra Tech by 465.0% in the third quarter. Stifel Financial Corp now owns 149,265 shares of the industrial products company's stock worth $7,039,000 after purchasing an additional 122,846 shares during the last quarter. Institutional investors own 93.89% of the company's stock.

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Tetra Tech Trading Up 0.1 %

NASDAQ TTEK traded up $0.02 during trading on Monday, hitting $30.21. The company had a trading volume of 497,339 shares, compared to its average volume of 2,003,862. The company's fifty day moving average is $29.95 and its 200-day moving average is $38.72. Tetra Tech, Inc. has a one year low of $27.27 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. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 31.73 and a beta of 0.89.

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 (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%. On average, sell-side 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 declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.058 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.23 annualized dividend and a yield of 0.77%. Tetra Tech's payout ratio is 24.21%.

Insider Buying and Selling

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the company's stock in a transaction dated 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. 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 can be accessed through this link. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TTEK. Maxim Group downgraded Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a research report on Friday, January 31st. Finally, KeyCorp dropped their price objective on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Tetra Tech has an average rating of "Moderate Buy" and a consensus price target of $47.92.

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.