Rathbones Group PLC Raises Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Rathbones Group PLC raised its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 87.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,285 shares of the industrial products company's stock after purchasing an additional 10,835 shares during the period. Rathbones Group PLC's holdings in Tetra Tech were worth $928,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Walleye Capital LLC boosted its stake in Tetra Tech by 2,141.2% during the third quarter. Walleye Capital LLC now owns 6,096 shares of the industrial products company's stock valued at $287,000 after buying an additional 5,824 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Tetra Tech by 436.3% during the 3rd quarter. HighTower Advisors LLC now owns 124,407 shares of the industrial products company's stock valued at $5,883,000 after acquiring an additional 101,208 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Tetra Tech by 327.4% in the third quarter. Point72 Asset Management L.P. now owns 20,515 shares of the industrial products company's stock valued at $967,000 after purchasing an additional 15,715 shares in the last quarter. Quantinno Capital Management LP increased its position in Tetra Tech by 2,817.5% in the third quarter. Quantinno Capital Management LP now owns 66,724 shares of the industrial products company's stock worth $3,147,000 after purchasing an additional 64,437 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in Tetra Tech by 465.0% during the third quarter. Stifel Financial Corp now owns 149,265 shares of the industrial products company's stock valued at $7,039,000 after purchasing an additional 122,846 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

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Analyst Ratings Changes

A number of research firms have recently weighed in on TTEK. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a report on Friday, January 31st. KeyCorp decreased their price objective on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Finally, Maxim Group cut Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tetra Tech presently has an average rating of "Moderate Buy" and a consensus price target of $47.92.

Tetra Tech Stock Up 0.1 %

Shares of TTEK stock traded up $0.03 during mid-day trading on Monday, hitting $30.22. The stock had a trading volume of 314,956 shares, compared to its average volume of 2,003,280. 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, Inc. has a 12-month low of $27.27 and a 12-month high of $51.20. The firm's 50-day moving average is $29.95 and its two-hundred day moving average is $38.72. The firm has a market capitalization of $8.10 billion, a P/E ratio of 31.74 and a beta of 0.89.

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, beating analysts' consensus estimates of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. On average, analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share 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 paid a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a yield of 0.77%. The ex-dividend date was Wednesday, February 12th. Tetra Tech's payout ratio is 24.21%.

Insider Buying and Selling

In related news, Director Kirsten M. Volpi sold 10,116 shares of the business's stock in a transaction 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 completion of the transaction, the director now directly owns 60,196 shares in the company, valued at $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 is available at the SEC website. 0.40% of the stock is currently owned by corporate insiders.

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.