Stratos Investment Management LLC Purchases Shares of 33,568 Tetra Tech, Inc. (NASDAQ:TTEK)

Stratos Investment Management LLC purchased a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 33,568 shares of the industrial products company's stock, valued at approximately $1,337,000.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in shares of Tetra Tech by 629.3% in the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company's stock worth $26,000 after buying an additional 472 shares in the last quarter. LGT Financial Advisors LLC lifted its holdings in shares of Tetra Tech by 400.0% in the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company's stock worth $26,000 after buying an additional 444 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Tetra Tech by 3,261.1% in the third quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock worth $29,000 after buying an additional 587 shares in the last quarter. Canton Hathaway LLC lifted its holdings in shares of Tetra Tech by 400.0% in the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company's stock worth $30,000 after buying an additional 516 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its holdings in shares of Tetra Tech by 400.0% in the third quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company's stock worth $33,000 after buying an additional 556 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

Insider Transactions at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 60,196 shares of the company's stock, valued at $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. KeyCorp reduced their price target 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. Robert W. Baird boosted their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Royal Bank of Canada restated an "outperform" rating and issued a $52.00 price target on shares of Tetra Tech in a research report on Friday, November 15th. Maxim Group cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, StockNews.com cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $48.52.

Tetra Tech Trading Down 1.1 %

TTEK stock traded down $0.38 during mid-day trading on Friday, reaching $33.40. 4,317,914 shares of the stock traded hands, compared to its average volume of 4,005,325. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.25 and a current ratio of 1.29. Tetra Tech, Inc. has a one year low of $31.09 and a one year high of $51.20. The stock has a market capitalization of $8.95 billion, a PE ratio of 35.08 and a beta of 0.89. The business has a 50-day moving average price of $40.00 and a two-hundred day moving average price of $43.97.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS 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%. Equities research analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Wednesday, February 12th. Tetra Tech's payout ratio is presently 24.16%.

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.