Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by Harbour Investments Inc.

Harbour Investments Inc. grew its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 374.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,719 shares of the industrial products company's stock after purchasing an additional 18,716 shares during the period. Harbour Investments Inc.'s holdings in Tetra Tech were worth $945,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its position in Tetra Tech by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company's stock worth $2,172,000 after acquiring an additional 400 shares in the last quarter. Nordea Investment Management AB lifted its position in Tetra Tech by 0.9% during the 4th quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company's stock worth $1,809,000 after acquiring an additional 411 shares in the last quarter. CIBC Asset Management Inc lifted its position in Tetra Tech by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company's stock worth $331,000 after acquiring an additional 438 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Tetra Tech by 13.0% during the 4th quarter. Farther Finance Advisors LLC now owns 4,009 shares of the industrial products company's stock worth $160,000 after acquiring an additional 461 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in 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 worth $40,000 after acquiring an additional 495 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

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Tetra Tech Stock Performance

Shares of NASDAQ TTEK traded down $0.22 during trading on Friday, reaching $29.04. The stock had a trading volume of 4,631,518 shares, compared to its average volume of 1,906,553. Tetra Tech, Inc. has a one year low of $28.17 and a one year 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 market cap of $7.78 billion, a PE ratio of 30.50 and a beta of 0.93. The firm's 50 day moving average price is $33.41 and its two-hundred day moving average price is $40.81.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued 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 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 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $0.058 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a yield of 0.80%. Tetra Tech's payout ratio is currently 24.21%.

Insider Buying and Selling

In related news, Director Kirsten M. Volpi sold 10,116 shares of the company's stock in a transaction on 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 transaction, the director now directly owns 60,196 shares in the company, valued at $2,066,528.68. This represents a 14.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TTEK has been the topic of several analyst reports. KeyCorp dropped their price objective on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Maxim Group downgraded Tetra Tech from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada set a $49.00 price objective on Tetra Tech 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's stock. According to data from MarketBeat, Tetra Tech presently has an average rating of "Moderate Buy" and a consensus target price 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.