Wellington Management Group LLP Has $47.57 Million Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Wellington Management Group LLP raised its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 10.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,193,963 shares of the industrial products company's stock after purchasing an additional 116,135 shares during the period. Wellington Management Group LLP owned 0.45% of Tetra Tech worth $47,567,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC lifted its position in shares of Tetra Tech by 406.6% in the third quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company's stock worth $222,466,000 after buying an additional 3,785,189 shares in the last quarter. Norges Bank bought a new position in Tetra Tech in the fourth quarter worth approximately $121,390,000. King Luther Capital Management Corp grew its stake in Tetra Tech by 324.0% in the fourth quarter. King Luther Capital Management Corp now owns 1,278,295 shares of the industrial products company's stock worth $50,927,000 after purchasing an additional 976,810 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in Tetra Tech by 130.8% during the fourth quarter. Teacher Retirement System of Texas now owns 1,383,025 shares of the industrial products company's stock worth $55,100,000 after buying an additional 783,736 shares during the period. Finally, Groupama Asset Managment purchased a new stake in Tetra Tech during the third quarter worth $35,370,000. Institutional investors own 93.89% of the company's stock.

Insider Activity

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the transaction, the director now directly owns 60,196 shares of the company's stock, 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 at this hyperlink. 0.40% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

TTEK has been the subject of several analyst reports. Maxim Group lowered Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Royal Bank of Canada set a $49.00 target price on Tetra Tech in a research report on Friday, January 31st. Finally, KeyCorp decreased their price target on shares of 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 given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $47.92.

Tetra Tech Price Performance

Shares of NASDAQ TTEK traded down $0.60 during trading on Thursday, reaching $29.27. The company had a trading volume of 446,862 shares, compared to its average volume of 1,993,281. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The stock has a market capitalization of $7.85 billion, a PE ratio of 31.05 and a beta of 0.89. The stock has a 50-day moving average price of $30.13 and a two-hundred day moving average price of $39.02. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released 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 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 earnings per share for the current year.

Tetra Tech Announces Dividend

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

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.