Semanteon Capital Management LP bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 27,398 shares of the industrial products company's stock, valued at approximately $1,092,000.
A number of other institutional investors have also recently modified their holdings of the stock. Amundi boosted its stake in Tetra Tech by 2.5% in the 4th quarter. Amundi now owns 4,873,176 shares of the industrial products company's stock worth $194,314,000 after purchasing an additional 117,304 shares in the last quarter. Geode Capital Management LLC raised its holdings in Tetra Tech by 406.6% in the third quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company's stock worth $222,466,000 after buying an additional 3,785,189 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of Tetra Tech by 14.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,613,259 shares of the industrial products company's stock worth $104,112,000 after buying an additional 339,839 shares in the last quarter. Robeco Schweiz AG grew its holdings in shares of Tetra Tech by 26.5% during the fourth quarter. Robeco Schweiz AG now owns 2,449,875 shares of the industrial products company's stock valued at $97,603,000 after buying an additional 512,931 shares during the last quarter. Finally, abrdn plc increased its position in shares of Tetra Tech by 7.6% during the fourth quarter. abrdn plc now owns 2,269,777 shares of the industrial products company's stock valued at $90,031,000 after acquiring an additional 159,701 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Tetra Tech
In related news, Director Kirsten M. Volpi sold 10,116 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the transaction, the director now directly owns 60,196 shares of the company's stock, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.40% of the company's stock.
Tetra Tech Stock Performance
Shares of NASDAQ TTEK traded up $0.07 during midday trading on Tuesday, hitting $29.44. 2,035,653 shares of the stock traded hands, compared to its average volume of 1,906,159. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. Tetra Tech, Inc. has a one year low of $28.17 and a one year high of $51.20. The firm has a market capitalization of $7.89 billion, a P/E ratio of 30.92 and a beta of 0.93. The firm has a 50-day moving average of $33.16 and a two-hundred day moving average of $40.68.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced 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 return on equity of 22.58% and a net margin of 4.81%. On average, equities analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.
Tetra Tech Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.058 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 annualized dividend and a yield of 0.79%. Tetra Tech's payout ratio is presently 24.21%.
Analyst Ratings Changes
Several analysts have commented on TTEK shares. Royal Bank of Canada set a $49.00 target price on Tetra Tech in a research note on Friday, January 31st. Maxim Group cut Tetra Tech from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, KeyCorp reduced 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. Three 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $47.92.
Check Out Our Latest Research Report on TTEK
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.
See Also
Before you consider Tetra Tech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tetra Tech wasn't on the list.
While Tetra Tech currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
