Victory Capital Management Inc. Purchases 126,424 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Victory Capital Management Inc. boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 135.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,812 shares of the industrial products company's stock after purchasing an additional 126,424 shares during the quarter. Victory Capital Management Inc. owned about 0.08% of Tetra Tech worth $8,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTEK. Assetmark Inc. raised its stake in shares of Tetra Tech by 495.6% during the third quarter. Assetmark Inc. now owns 4,729 shares of the industrial products company's stock valued at $223,000 after acquiring an additional 3,935 shares during the last quarter. Atria Investments Inc increased its position in shares of Tetra Tech by 321.9% during the third quarter. Atria Investments Inc now owns 7,114 shares of the industrial products company's stock valued at $335,000 after buying an additional 5,428 shares during the period. Covestor Ltd raised its stake in Tetra Tech by 342.2% in the third quarter. Covestor Ltd now owns 1,972 shares of the industrial products company's stock worth $93,000 after buying an additional 1,526 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in Tetra Tech during the 3rd quarter valued at approximately $208,000. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Tetra Tech by 505.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 20,840 shares of the industrial products company's stock worth $982,000 after acquiring an additional 17,398 shares during the period. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the 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 transaction, the director now 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Tetra Tech Stock Up 1.1 %

Shares of TTEK traded up $0.32 on Monday, hitting $29.44. 1,546,434 shares of the stock traded hands, compared to its average volume of 1,865,309. The business has a 50 day simple moving average of $34.45 and a 200 day simple moving average of $41.42. 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 company has a market capitalization of $7.89 billion, a PE ratio of 30.92 and a beta of 0.93.

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

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.058 dividend. This represents a $0.23 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech's dividend payout ratio is currently 24.21%.

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.