LBP AM SA acquired a new stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 44,361 shares of the industrial products company's stock, valued at approximately $1,767,000.
Other hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC increased its stake in Tetra Tech by 3,261.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 587 shares in the last quarter. Canton Hathaway LLC grew its stake in shares of Tetra Tech by 400.0% in the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company's stock worth $30,000 after acquiring an additional 516 shares in the last quarter. Banque Cantonale Vaudoise grew its stake in shares of Tetra Tech by 400.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company's stock worth $33,000 after acquiring an additional 556 shares in the last quarter. Millburn Ridgefield Corp grew its stake in shares of Tetra Tech by 346.9% in the 3rd quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company's stock worth $37,000 after acquiring an additional 621 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Tetra Tech in the 4th quarter worth $39,000. Institutional investors own 93.89% of the company's stock.
Insider Buying and Selling at Tetra Tech
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 transaction of $347,282.28. Following the sale, the director now directly owns 60,196 shares of the company's stock, valued at $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.40% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently issued reports on TTEK shares. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a research note on Friday, January 31st. Maxim Group lowered shares of Tetra Tech from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $47.92.
Check Out Our Latest Research Report on TTEK
Tetra Tech Stock Performance
Shares of NASDAQ:TTEK traded down $1.09 during midday trading on Thursday, reaching $29.26. The company had a trading volume of 4,199,515 shares, compared to its average volume of 1,883,742. The company's 50 day moving average price is $34.05 and its 200 day moving average price is $41.17. 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 stock has a market cap of $7.84 billion, a P/E ratio of 30.74 and a beta of 0.93. Tetra Tech, Inc. has a 52-week low of $28.17 and a 52-week high of $51.20.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 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%. As a group, sell-side analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.
Tetra Tech Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech's dividend payout ratio (DPR) is presently 24.21%.
Tetra Tech Profile
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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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