Corient Private Wealth LLC grew its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 14.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,613,259 shares of the industrial products company's stock after buying an additional 339,839 shares during the quarter. Corient Private Wealth LLC owned 0.97% of Tetra Tech worth $104,112,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its stake 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 acquiring an additional 587 shares during the last quarter. Canton Hathaway LLC boosted 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 acquiring an additional 516 shares during the last quarter. Banque Cantonale Vaudoise boosted its stake 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 acquiring an additional 556 shares during the last quarter. Millburn Ridgefield Corp boosted its stake in shares of Tetra Tech by 346.9% in the third quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company's stock worth $37,000 after acquiring an additional 621 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Tetra Tech during the fourth quarter worth $39,000. 93.89% of the stock is owned by institutional investors and hedge funds.
Tetra Tech Trading Down 3.6 %
NASDAQ:TTEK traded down $1.09 on Thursday, reaching $29.26. The company's stock had a trading volume of 4,200,702 shares, compared to its average volume of 1,883,742. Tetra Tech, Inc. has a 12-month low of $28.17 and a 12-month high of $51.20. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 30.74 and a beta of 0.93. The stock has a 50 day moving average price of $34.05 and a 200 day moving average price of $41.17.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating analysts' consensus estimates 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 anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.
Tetra Tech Dividend Announcement
The firm also recently announced 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 of this dividend was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a yield of 0.79%. Tetra Tech's dividend payout ratio is currently 24.21%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Maxim Group lowered Tetra Tech from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a research note on Friday, January 31st. Finally, KeyCorp lowered their price objective 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Tetra Tech currently has an average rating of "Moderate Buy" and an average target price of $47.92.
View Our Latest Report on Tetra Tech
Insider Activity at Tetra Tech
In related news, Director Kirsten M. Volpi sold 10,116 shares of the business'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 sale, the director now owns 60,196 shares in the company, valued at approximately $2,066,528.68. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.40% of the company's stock.
Tetra Tech Profile
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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.
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