Vanguard Group Inc. Has $1.03 Billion Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Vanguard Group Inc. raised its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 0.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 25,912,103 shares of the industrial products company's stock after acquiring an additional 127,757 shares during the period. Vanguard Group Inc. owned approximately 9.67% of Tetra Tech worth $1,032,338,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its holdings in Tetra Tech by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company's stock valued at $2,172,000 after purchasing an additional 400 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Tetra Tech by 0.9% in the 4th quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company's stock valued at $1,809,000 after acquiring an additional 411 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Tetra Tech by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company's stock valued at $331,000 after acquiring an additional 438 shares during the period. Farther Finance Advisors LLC boosted its stake in Tetra Tech by 13.0% during the 4th quarter. Farther Finance Advisors LLC now owns 4,009 shares of the industrial products company's stock worth $160,000 after acquiring an additional 461 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Tetra Tech by 98.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 495 shares during the period. Institutional investors and hedge funds own 93.89% of the company's stock.

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Tetra Tech Stock Up 0.3 %

NASDAQ:TTEK traded up $0.10 during trading hours on Monday, reaching $29.25. 1,505,245 shares of the stock were exchanged, compared to its average volume of 1,960,219. Tetra Tech, Inc. has a twelve month low of $28.17 and a twelve month high of $51.20. The firm has a 50 day moving average of $32.13 and a 200 day moving average of $40.16. The stock has a market cap of $7.84 billion, a PE ratio of 30.72 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings results 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 net margin of 4.81% and a return on equity of 22.58%. On average, equities analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TTEK. Maxim Group cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. KeyCorp decreased their target price on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Finally, Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a research report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $47.92.

Insider Buying and Selling

In other news, Director Kirsten M. Volpi sold 10,116 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the transaction, the director now directly owns 60,196 shares in the company, valued at $2,066,528.68. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by corporate 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.