Terra Alpha Investments LLC Takes $1.87 Million Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Terra Alpha Investments LLC bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 46,922 shares of the industrial products company's stock, valued at approximately $1,869,000. Tetra Tech accounts for approximately 1.9% of Terra Alpha Investments LLC's investment portfolio, making the stock its 18th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its position in Tetra Tech by 3,261.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock valued at $29,000 after buying an additional 587 shares during the period. Canton Hathaway LLC grew its stake 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 purchasing an additional 516 shares during the last quarter. Banque Cantonale Vaudoise increased its holdings in Tetra Tech by 400.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 556 shares during the period. Millburn Ridgefield Corp raised its position in Tetra Tech by 346.9% during the 3rd 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 during the last quarter. Finally, R Squared Ltd purchased a new stake in Tetra Tech in the 4th quarter worth approximately $39,000. 93.89% of the stock is owned by institutional investors.

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Insider Activity at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction dated Tuesday, February 4th. The stock was 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 in the company, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TTEK shares. Maxim Group downgraded Tetra Tech from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a report on Friday, January 31st. Finally, KeyCorp cut 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 note on Friday, January 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $47.92.

Tetra Tech Stock Down 0.8 %

Shares of Tetra Tech stock traded down $0.22 during midday trading on Friday, hitting $29.04. The company had a trading volume of 4,631,518 shares, compared to its average volume of 1,898,508. The company has a 50 day moving average of $33.65 and a 200 day moving average of $40.93. The stock has a market capitalization of $7.78 billion, a P/E ratio of 30.50 and a beta of 0.93. Tetra Tech, Inc. has a 52-week low of $28.17 and a 52-week high of $51.20. 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 (NASDAQ:TTEK - Get Free Report) last issued 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 return on equity of 22.58% and a net margin of 4.81%. On average, equities analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

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

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.