Tetra Tech, Inc. (NASDAQ:TTEK) Stock Position Lifted by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. raised its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 71.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,769 shares of the industrial products company's stock after acquiring an additional 18,635 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Tetra Tech were worth $1,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in TTEK. Allworth Financial LP raised its holdings in Tetra Tech by 629.3% in the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company's stock worth $26,000 after purchasing an additional 472 shares in the last quarter. LGT Financial Advisors LLC grew its stake in shares of Tetra Tech by 400.0% during the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 444 shares during the period. Venturi Wealth Management LLC increased its holdings in Tetra Tech by 3,261.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 587 shares during the last quarter. Canton Hathaway LLC lifted 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 valued at $30,000 after purchasing an additional 516 shares during the last quarter. Finally, Banque Cantonale Vaudoise lifted its stake in shares of Tetra Tech by 400.0% during 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 during the last quarter. 93.89% of the stock is owned by institutional investors.

Tetra Tech Stock Performance

TTEK traded down $0.97 during trading on Tuesday, hitting $32.25. 1,272,555 shares of the stock were exchanged, compared to its average volume of 3,584,535. The company has a quick ratio of 1.25, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a 1-year low of $31.09 and a 1-year high of $51.20. The stock has a fifty day moving average price of $39.83 and a two-hundred day moving average price of $43.91. The firm has a market capitalization of $8.64 billion, a P/E ratio of 33.94 and a beta of 0.89.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted 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%. As a group, sell-side analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $0.058 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.72%. Tetra Tech's dividend payout ratio is currently 24.16%.

Insider Buying and Selling

In related news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the transaction, the director now owns 60,196 shares in the company, valued at approximately $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 can be accessed through the SEC website. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Robert W. Baird increased their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. Royal Bank of Canada restated an "outperform" rating and set a $52.00 price target on shares of Tetra Tech in a research report on Friday, November 15th. StockNews.com downgraded Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Maxim Group cut Tetra Tech from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, KeyCorp cut 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Tetra Tech has a consensus rating of "Moderate Buy" and a consensus target price of $48.52.

Tetra Tech 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.