MetLife Investment Management LLC Boosts Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

MetLife Investment Management LLC lifted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,417 shares of the industrial products company's stock after buying an additional 12,578 shares during the period. MetLife Investment Management LLC owned about 0.06% of Tetra Tech worth $6,112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd purchased a new position in Tetra Tech in the 4th quarter worth $39,000. Asset Planning Inc bought a new position in shares of Tetra Tech during the fourth quarter valued at about $40,000. Jones Financial Companies Lllp increased its holdings 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 worth $40,000 after buying an additional 495 shares during the period. Blue Trust Inc. lifted its stake in shares of Tetra Tech by 235.8% in the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 1,014 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in Tetra Tech during the 4th quarter valued at about $63,000. Hedge funds and other institutional investors own 93.89% of the company's stock.

Insider Transactions at Tetra Tech

In other 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 value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.40% of the company's stock.

Tetra Tech Price Performance

Shares of Tetra Tech stock opened at $30.65 on Wednesday. The business has a 50 day moving average of $29.60 and a 200 day moving average of $38.00. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $51.20. The company has a market cap of $8.22 billion, a PE ratio of 32.20 and a beta of 0.89. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 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, equities research analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

The company also recently announced 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. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.76%. Tetra Tech's dividend payout ratio (DPR) is 24.21%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Maxim Group downgraded Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a research note on Friday, January 31st. Finally, KeyCorp dropped their price target on shares of Tetra Tech from $45.00 to $34.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Tetra Tech presently has an average rating of "Moderate Buy" and an average target price of $45.72.

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.

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