one8zero8 LLC acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 451,300 shares of the industrial products company's stock, valued at approximately $17,980,000. Tetra Tech accounts for about 3.9% of one8zero8 LLC's holdings, making the stock its 4th biggest position. one8zero8 LLC owned about 0.17% of Tetra Tech as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Venturi Wealth Management LLC boosted its holdings in Tetra Tech by 3,261.1% in the third quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock worth $29,000 after acquiring an additional 587 shares in the last quarter. Canton Hathaway LLC lifted its holdings 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 purchasing an additional 516 shares in the last quarter. Banque Cantonale Vaudoise grew its position in Tetra Tech by 400.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 556 shares during the period. Millburn Ridgefield Corp increased its stake in Tetra Tech by 346.9% during the 3rd quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 621 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Tetra Tech during the fourth quarter worth $39,000. Institutional investors own 93.89% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. KeyCorp decreased 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 report on Friday, January 31st. Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a research note on Friday, January 31st. Finally, Maxim Group cut Tetra Tech from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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's stock had a trading volume of 4,200,706 shares, compared to its average volume of 1,883,742. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $7.84 billion, a P/E ratio of 30.74 and a beta of 0.93. The firm has a 50 day moving average price of $34.05 and a 200-day moving average price of $41.17. Tetra Tech, Inc. has a 12-month low of $28.17 and a 12-month high of $51.20.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) 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%. As a group, equities 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 announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Wednesday, February 12th. Tetra Tech's payout ratio is 24.21%.
Insider Activity
In related news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech 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 approximately $2,066,528.68. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.40% of the company's stock.
About Tetra Tech
(
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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