Union Bancaire Privee UBP SA Makes New Investment in Tetra Tech, Inc. (NASDAQ:TTEK)

Union Bancaire Privee UBP SA purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 112,039 shares of the industrial products company's stock, valued at approximately $4,463,000.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP raised its stake in Tetra Tech by 629.3% during the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company's stock worth $26,000 after acquiring an additional 472 shares in the last quarter. LGT Financial Advisors LLC raised its holdings in Tetra Tech by 400.0% in the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company's stock valued at $26,000 after buying an additional 444 shares during the last quarter. 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 worth $29,000 after buying an additional 587 shares during the period. Canton Hathaway LLC grew its holdings in Tetra Tech by 400.0% during the 3rd 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. Finally, Banque Cantonale Vaudoise increased its position in Tetra Tech by 400.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 556 shares during the period. 93.89% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Kirsten M. Volpi sold 10,116 shares of the business's stock in a transaction that occurred 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 owns 60,196 shares in the company, valued at $2,066,528.68. The trade was a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.40% of the company's stock.

Tetra Tech Trading Up 0.4 %

Shares of NASDAQ:TTEK traded up $0.12 during midday trading on Tuesday, reaching $30.14. The company's stock had a trading volume of 2,998,645 shares, compared to its average volume of 3,366,004. Tetra Tech, Inc. has a fifty-two week low of $29.23 and a fifty-two 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. The firm has a 50 day moving average price of $37.27 and a two-hundred day moving average price of $42.94. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 31.66 and a beta of 0.89.

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

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a $0.058 dividend. This represents a $0.23 annualized dividend and a yield of 0.77%. The ex-dividend date is Wednesday, February 12th. Tetra Tech's dividend payout ratio (DPR) is currently 24.21%.

Analyst Ratings Changes

A number of equities analysts have recently commented on TTEK shares. Robert W. Baird lifted their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a research note on Friday, January 31st. StockNews.com lowered Tetra Tech from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Maxim Group downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, KeyCorp lowered their price target on shares of Tetra Tech from $49.00 to $45.00 and set an "overweight" rating for the company in a 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 company's stock. Based on data from MarketBeat.com, Tetra Tech has a consensus rating of "Moderate Buy" and a consensus target price of $47.92.

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.