Van ECK Associates Corp Boosts Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Van ECK Associates Corp increased its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 32.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 289,460 shares of the industrial products company's stock after buying an additional 70,610 shares during the period. Van ECK Associates Corp owned about 0.11% of Tetra Tech worth $11,532,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. New England Research & Management Inc. bought a new position in Tetra Tech in the fourth quarter worth approximately $596,000. Harbor Capital Advisors Inc. grew its holdings in shares of Tetra Tech by 630.8% during the third quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company's stock valued at $1,718,000 after buying an additional 31,445 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Tetra Tech by 615.8% during the third quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company's stock valued at $1,052,000 after buying an additional 19,193 shares during the last quarter. Lecap Asset Management Ltd. grew its holdings in shares of Tetra Tech by 71.3% during the fourth quarter. Lecap Asset Management Ltd. now owns 44,769 shares of the industrial products company's stock valued at $1,784,000 after buying an additional 18,635 shares during the last quarter. Finally, Perpetual Ltd grew its holdings in shares of Tetra Tech by 9.6% during the fourth quarter. Perpetual Ltd now owns 215,042 shares of the industrial products company's stock valued at $8,567,000 after buying an additional 18,842 shares during the last quarter. Institutional investors own 93.89% of the company's stock.

Insider Buying and Selling

In other Tetra Tech 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 sale, the director now owns 60,196 shares in the company, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company's stock.

Tetra Tech Price Performance

Shares of TTEK stock traded down $0.01 during mid-day trading on Wednesday, hitting $30.52. 1,793,028 shares of the stock were exchanged, compared to its average volume of 3,455,832. The firm has a fifty day moving average of $38.68 and a 200 day moving average of $43.54. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a 52-week low of $30.13 and a 52-week high of $51.20. The company has a market cap of $8.18 billion, a PE ratio of 32.06 and a beta of 0.89.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. Research analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $0.058 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.76%. Tetra Tech's dividend payout ratio (DPR) is presently 24.16%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TTEK shares. StockNews.com lowered shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Robert W. Baird boosted their price objective on shares of Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. KeyCorp lowered their price target on shares of Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $52.00 price target on shares of Tetra Tech in a report on Friday, November 15th. Finally, Maxim Group lowered shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Tetra Tech has an average rating of "Moderate Buy" and an average target price of $48.52.

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.