HighTower Advisors LLC Increases Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

HighTower Advisors LLC raised its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,065 shares of the industrial products company's stock after buying an additional 17,658 shares during the quarter. HighTower Advisors LLC owned about 0.05% of Tetra Tech worth $5,660,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Tetra Tech by 406.6% in the third quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company's stock valued at $222,466,000 after purchasing an additional 3,785,189 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Tetra Tech by 357.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company's stock valued at $97,644,000 after purchasing an additional 1,618,211 shares during the period. Premier Fund Managers Ltd grew its holdings in shares of Tetra Tech by 400.0% in the third quarter. Premier Fund Managers Ltd now owns 1,500,000 shares of the industrial products company's stock valued at $69,615,000 after purchasing an additional 1,200,000 shares during the period. King Luther Capital Management Corp grew its holdings in shares of Tetra Tech by 324.0% in the fourth quarter. King Luther Capital Management Corp now owns 1,278,295 shares of the industrial products company's stock valued at $50,927,000 after purchasing an additional 976,810 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its stake in Tetra Tech by 365.0% during the third quarter. Rockefeller Capital Management L.P. now owns 1,138,716 shares of the industrial products company's stock worth $53,739,000 after buying an additional 893,827 shares during the period. Hedge funds and other institutional investors own 93.89% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Maxim Group lowered shares of Tetra Tech from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. KeyCorp lowered 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, Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $47.92.

Insider Activity at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $2,066,528.68. This trade represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Tetra Tech Stock Down 0.8 %

Shares of TTEK traded down $0.22 during mid-day trading on Friday, hitting $29.04. 4,631,518 shares of the company's stock were exchanged, compared to its average volume of 1,906,553. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 30.50 and a beta of 0.93. Tetra Tech, Inc. has a fifty-two week low of $28.17 and a fifty-two week 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's 50-day moving average is $33.41 and its 200-day moving average 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 (EPS) for the quarter, topping 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 anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.058 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 annualized dividend and a yield of 0.80%. Tetra Tech's dividend payout ratio (DPR) is 24.21%.

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.