Geode Capital Management LLC boosted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,729,696 shares of the industrial products company's stock after acquiring an additional 13,616 shares during the period. Geode Capital Management LLC owned 1.76% of Tetra Tech worth $188,487,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Tetra Tech during the 4th quarter worth about $39,000. Asset Planning Inc acquired a new position in shares of Tetra Tech during the fourth quarter worth approximately $40,000. Jones Financial Companies Lllp boosted its position in shares of Tetra Tech by 98.0% in the fourth 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 during the period. Blue Trust Inc. grew its stake in shares of Tetra Tech by 235.8% in the fourth quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock worth $58,000 after acquiring an additional 1,014 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Tetra Tech during the fourth quarter worth $63,000. 93.89% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Tetra Tech
In other 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 sale, the director now owns 60,196 shares in the company, valued at approximately $2,066,528.68. The trade was a 14.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.40% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a report on Friday, January 31st. KeyCorp reduced their target price on shares of Tetra Tech from $49.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Finally, Maxim Group lowered Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $47.92.
Check Out Our Latest Stock Analysis on TTEK
Tetra Tech Price Performance
Shares of NASDAQ:TTEK traded up $0.93 during midday trading on Friday, reaching $30.19. 1,957,705 shares of the company's stock were exchanged, compared to its average volume of 2,007,587. 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 company's 50 day simple moving average is $30.03 and its two-hundred day simple moving average is $38.89. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $51.20. The firm has a market capitalization of $8.09 billion, a PE ratio of 31.71 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 EPS for the quarter, topping 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%. Equities research analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.
Tetra Tech Announces Dividend
The business 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. This represents a $0.23 annualized dividend and a yield of 0.77%. The ex-dividend date was Wednesday, February 12th. Tetra Tech's dividend payout ratio is 24.21%.
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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