Robeco Schweiz AG Grows Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

Robeco Schweiz AG raised its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 26.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,449,875 shares of the industrial products company's stock after acquiring an additional 512,931 shares during the quarter. Tetra Tech makes up about 2.1% of Robeco Schweiz AG's investment portfolio, making the stock its 14th biggest position. Robeco Schweiz AG owned about 0.91% of Tetra Tech worth $97,603,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Geode Capital Management LLC lifted its stake in Tetra Tech by 406.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company's stock worth $222,466,000 after purchasing an additional 3,785,189 shares in the last quarter. abrdn plc increased its holdings in shares of Tetra Tech by 353.0% in the third quarter. abrdn plc now owns 2,110,076 shares of the industrial products company's stock worth $98,477,000 after purchasing an additional 1,644,267 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Tetra Tech by 357.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company's stock worth $97,644,000 after buying an additional 1,618,211 shares in the last quarter. Premier Fund Managers Ltd boosted its stake in Tetra Tech by 400.0% during the third quarter. Premier Fund Managers Ltd now owns 1,500,000 shares of the industrial products company's stock valued at $69,615,000 after buying an additional 1,200,000 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc grew its holdings in Tetra Tech by 337.0% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,466,385 shares of the industrial products company's stock valued at $69,081,000 after buying an additional 1,130,842 shares in the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TTEK. Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a report on Friday, January 31st. StockNews.com downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Maxim Group cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. KeyCorp decreased their target price on shares of 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, Robert W. Baird increased their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $47.92.

Tetra Tech Trading Down 1.8 %

Shares of TTEK traded down $0.52 during midday trading on Friday, hitting $29.19. The stock had a trading volume of 4,326,482 shares, compared to its average volume of 3,355,938. The stock's 50 day moving average is $36.62 and its 200 day moving average is $42.60. The firm has a market cap of $7.82 billion, a PE ratio of 30.66 and a beta of 0.89. 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 1 year low of $28.98 and a 1 year high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, topping 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%. As a group, analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $0.058 per share. 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 currently 24.21%.

Insider Buying and Selling at Tetra Tech

In other news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total transaction of $347,282.28. Following the completion of the sale, the director now directly owns 60,196 shares in the company, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by corporate insiders.

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.