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

Mirova lifted its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,710 shares of the industrial products company's stock after acquiring an additional 10,455 shares during the quarter. Mirova's holdings in Tetra Tech were worth $4,849,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Tetra Tech by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 25,912,103 shares of the industrial products company's stock worth $1,032,338,000 after buying an additional 127,757 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in Tetra Tech by 2.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 14,018,887 shares of the industrial products company's stock valued at $558,512,000 after acquiring an additional 381,437 shares in the last quarter. Amundi lifted its holdings in shares of Tetra Tech by 2.5% during the fourth quarter. Amundi now owns 4,873,176 shares of the industrial products company's stock valued at $194,314,000 after purchasing an additional 117,304 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Tetra Tech by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 4,729,696 shares of the industrial products company's stock valued at $188,487,000 after buying an additional 13,616 shares during the last quarter. Finally, Norges Bank bought a new stake in Tetra Tech in the 4th quarter worth about $121,390,000. 93.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TTEK has been the topic of several research reports. Maxim Group cut shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a report on Friday, January 31st. Finally, KeyCorp reduced their target price on shares of Tetra Tech from $45.00 to $34.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.72.

Insiders Place Their Bets

In other news, Director Kirsten M. Volpi sold 10,116 shares of the stock in a transaction dated 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 directly owns 60,196 shares of the company's stock, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is owned by insiders.

Tetra Tech Trading Up 0.9 %

Shares of NASDAQ:TTEK traded up $0.27 on Wednesday, hitting $30.92. 2,057,217 shares of the company's stock were exchanged, compared to its average volume of 2,002,312. The business's 50 day simple moving average is $29.59 and its two-hundred day simple moving average is $37.95. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of 32.48 and a beta of 0.89. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $51.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings data 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%. Analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders 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 dividend yield of 0.75%. Tetra Tech's payout ratio is 24.21%.

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.