Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC increased its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 44.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,036,856 shares of the industrial products company's stock after purchasing an additional 321,151 shares during the period. TimesSquare Capital Management LLC owned 0.39% of Tetra Tech worth $41,308,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in TTEK. New England Research & Management Inc. bought a new stake in Tetra Tech in the 4th quarter worth approximately $596,000. Harbor Capital Advisors Inc. increased its stake in Tetra Tech by 630.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company's stock worth $1,718,000 after acquiring an additional 31,445 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Tetra Tech by 615.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company's stock worth $1,052,000 after acquiring an additional 19,193 shares during the last quarter. Lecap Asset Management Ltd. increased its stake in Tetra Tech by 71.3% in the 4th quarter. Lecap Asset Management Ltd. now owns 44,769 shares of the industrial products company's stock worth $1,784,000 after acquiring an additional 18,635 shares during the last quarter. Finally, Perpetual Ltd increased its position in shares of Tetra Tech by 9.6% during the 4th quarter. Perpetual Ltd now owns 215,042 shares of the industrial products company's stock valued at $8,567,000 after purchasing an additional 18,842 shares during the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Trading Down 0.1 %

TTEK traded down $0.03 during trading hours on Friday, reaching $29.93. 3,064,435 shares of the company's stock traded hands, compared to its average volume of 3,402,266. The firm has a 50-day moving average price of $37.73 and a 200 day moving average price of $43.15. Tetra Tech, Inc. has a 52-week low of $29.23 and a 52-week 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 capitalization of $8.02 billion, a PE ratio of 31.44 and a beta of 0.89.

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

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, February 12th. Tetra Tech's dividend payout ratio (DPR) is currently 24.16%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TTEK. StockNews.com downgraded Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Maxim Group downgraded Tetra Tech from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Robert W. Baird boosted their target price on Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. Royal Bank of Canada reissued an "outperform" rating and set a $52.00 target price on shares of Tetra Tech in a research report on Friday, November 15th. Finally, KeyCorp cut their target price on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a research 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $48.52.

Insider Buying and Selling

In related news, Director Kirsten M. Volpi sold 10,116 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total transaction of $347,282.28. Following the completion of the sale, the director now directly owns 60,196 shares in the company, valued at $2,066,528.68. This represents a 14.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.40% of the stock is currently owned by company insiders.

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.