Schroder Investment Management Group Increases Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Schroder Investment Management Group lifted its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 867,592 shares of the industrial products company's stock after purchasing an additional 30,975 shares during the period. Schroder Investment Management Group owned 0.32% of Tetra Tech worth $34,565,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TTEK. Millburn Ridgefield Corp increased its stake in Tetra Tech by 346.9% in the third 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. R Squared Ltd acquired a new stake in shares of Tetra Tech in the 4th quarter valued at about $39,000. Asset Planning Inc bought a new stake in Tetra Tech in the 4th quarter valued at about $40,000. Jones Financial Companies Lllp raised its stake in Tetra Tech by 98.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock worth $40,000 after buying an additional 495 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Tetra Tech by 235.8% in the fourth quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock worth $58,000 after acquiring an additional 1,014 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.

Insider Transactions 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 sale, 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 this hyperlink. Company insiders own 0.40% of the company's stock.

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Tetra Tech Stock Down 3.0 %

Tetra Tech stock traded down $0.91 during trading on Friday, hitting $29.10. 2,658,646 shares of the company were exchanged, compared to its average volume of 1,980,660. The company has a market capitalization of $7.80 billion, a P/E ratio of 30.57 and a beta of 0.93. The business's 50 day moving average is $31.02 and its 200 day moving average is $39.54. Tetra Tech, Inc. has a 52 week low of $28.17 and a 52 week high of $51.20. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.058 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.80%. Tetra Tech's dividend payout ratio is currently 24.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. KeyCorp decreased their price objective on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Maxim Group lowered shares of Tetra Tech from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a research note on Friday, January 31st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $47.92.

Tetra Tech Company 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.