Robeco Institutional Asset Management B.V. Raises Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Robeco Institutional Asset Management B.V. lifted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 382.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 580,284 shares of the industrial products company's stock after acquiring an additional 459,899 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.22% of Tetra Tech worth $23,119,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its position in shares of Tetra Tech by 630.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company's stock worth $1,718,000 after purchasing an additional 31,445 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Tetra Tech by 615.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company's stock valued at $1,052,000 after buying an additional 19,193 shares during the last quarter. SFE Investment Counsel grew its stake in Tetra Tech by 374.8% in the third quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company's stock valued at $1,713,000 after purchasing an additional 28,679 shares in the last quarter. Perpetual Ltd lifted its stake in Tetra Tech by 9.6% in the 4th quarter. Perpetual Ltd now owns 215,042 shares of the industrial products company's stock valued at $8,567,000 after purchasing an additional 18,842 shares during the last quarter. Finally, Caldwell Investment Management Ltd. boosted its stake in shares of Tetra Tech by 400.0% during the 3rd quarter. Caldwell Investment Management Ltd. now owns 46,500 shares of the industrial products company's stock worth $2,157,000 after acquiring an additional 37,200 shares during the period. Institutional investors own 93.89% of the company's stock.

Tetra Tech Stock Down 6.9 %

NASDAQ:TTEK traded down $2.55 on Monday, hitting $34.25. The stock had a trading volume of 5,467,556 shares, compared to its average volume of 3,509,469. The stock has a market cap of $9.18 billion, a P/E ratio of 35.93 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.25 and a current ratio of 1.29. The firm's fifty day simple moving average is $40.75 and its two-hundred day simple moving average is $44.21. Tetra Tech, Inc. has a 1 year low of $31.09 and a 1 year high of $51.20.

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 for the quarter, beating 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%. Analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

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 $0.058 dividend. This represents a $0.23 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Wednesday, February 12th. Tetra Tech's dividend payout ratio (DPR) is 24.16%.

Analyst Upgrades and Downgrades

TTEK has been the topic of a number of analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $52.00 target price on shares of Tetra Tech in a research report on Friday, November 15th. KeyCorp dropped their target price on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday. Robert W. Baird increased their price target on Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. Finally, StockNews.com downgraded Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Tetra Tech has a consensus rating of "Moderate Buy" and a consensus price target of $48.52.

About Tetra Tech

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.