WINTON GROUP Ltd bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 18,900 shares of the industrial products company’s stock, valued at approximately $634,000.
A number of other institutional investors also recently bought and sold shares of the stock. Neumeier Poma Investment Counsel LLC raised its position in Tetra Tech by 15.0% during the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 1,126,603 shares of the industrial products company’s stock worth $37,786,000 after buying an additional 147,215 shares during the last quarter. Vise Technologies Inc. purchased a new position in Tetra Tech during the 4th quarter worth approximately $220,000. State of Wyoming raised its position in Tetra Tech by 20.3% during the 4th quarter. State of Wyoming now owns 18,457 shares of the industrial products company’s stock worth $619,000 after buying an additional 3,115 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Tetra Tech during the 4th quarter worth approximately $202,000. Finally, Dover Advisors LLC purchased a new position in Tetra Tech during the 4th quarter worth approximately $456,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.
Tetra Tech Price Performance
NASDAQ:TTEK opened at $27.15 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 16.26 and a beta of 0.93. The company has a 50 day moving average price of $29.55 and a 200-day moving average price of $33.13. Tetra Tech, Inc. has a 1-year low of $25.81 and a 1-year high of $43.14.
Tetra Tech Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were issued a dividend of $0.072 per share. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.29 annualized dividend and a dividend yield of 1.1%. Tetra Tech’s payout ratio is presently 17.37%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on TTEK shares. Weiss Ratings lowered shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Robert W. Baird set a $35.00 price target on shares of Tetra Tech in a research report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.00.
Check Out Our Latest Stock Report on TTEK
Insider Buying and Selling at Tetra Tech
In other news, Director Jeffrey R. Feeler bought 1,900 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of $26.41 per share, with a total value of $50,179.00. Following the acquisition, the director directly owned 1,900 shares in the company, valued at $50,179. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by company insiders.
Tetra Tech Profile
Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.
The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.
Featured Articles
- Five stocks we like better than Tetra Tech
- As Shares Fall, Analyst Are Boosting their Broadcom Price Targets
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
Want to see what other hedge funds are holding TTEK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tetra Tech, Inc. (NASDAQ:TTEK – Free Report).
Receive News & Ratings for Tetra Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Tech and related companies with MarketBeat.com's FREE daily email newsletter.
