Hunter Associates Investment Management LLC Boosts Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Hunter Associates Investment Management LLC lifted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEKFree Report) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,320 shares of the industrial products company’s stock after acquiring an additional 86 shares during the period. Hunter Associates Investment Management LLC’s holdings in Tetra Tech were worth $654,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Tetra Tech in the 2nd quarter worth approximately $29,000. Meeder Asset Management Inc. grew its position in Tetra Tech by 165.9% in the 4th quarter. Meeder Asset Management Inc. now owns 242 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 151 shares during the period. Millburn Ridgefield Corp bought a new stake in Tetra Tech in the 3rd quarter worth approximately $37,000. ST Germain D J Co. Inc. bought a new stake in Tetra Tech in the 2nd quarter worth approximately $38,000. Finally, Farther Finance Advisors LLC grew its position in Tetra Tech by 79.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 241 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 107 shares during the period. Institutional investors own 87.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. KeyCorp assumed coverage on shares of Tetra Tech in a research report on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 target price for the company. Robert W. Baird lifted their price target on shares of Tetra Tech from $172.00 to $180.00 and gave the stock a “neutral” rating in a research note on Thursday, November 16th. Finally, Royal Bank of Canada lifted their price target on shares of Tetra Tech from $192.00 to $203.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.25.

Get Our Latest Analysis on TTEK

Insiders Place Their Bets

In other Tetra Tech news, SVP Brian N. Carter sold 1,474 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $165.58, for a total value of $244,064.92. Following the sale, the senior vice president now owns 8,360 shares in the company, valued at approximately $1,384,248.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Dan L. Batrack sold 22,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $161.51, for a total value of $3,553,220.00. Following the sale, the chief executive officer now directly owns 48,566 shares in the company, valued at approximately $7,843,894.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Brian N. Carter sold 1,474 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $165.58, for a total transaction of $244,064.92. Following the completion of the sale, the senior vice president now owns 8,360 shares in the company, valued at $1,384,248.80. The disclosure for this sale can be found here. Insiders have sold a total of 47,760 shares of company stock worth $7,794,178 in the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

Tetra Tech Stock Up 2.3 %

TTEK opened at $178.08 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.25. Tetra Tech, Inc. has a fifty-two week low of $131.19 and a fifty-two week high of $178.65. The firm’s fifty day moving average is $165.34 and its 200 day moving average is $161.11. The stock has a market cap of $9.47 billion, a price-to-earnings ratio of 41.22 and a beta of 0.95.

Tetra Tech (NASDAQ:TTEKGet Free Report) last released its earnings results on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $974.00 million. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. During the same quarter in the previous year, the company earned $1.34 EPS. On average, sell-side analysts forecast that Tetra Tech, Inc. will post 6.07 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Wednesday, February 14th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, February 13th. Tetra Tech’s payout ratio is currently 24.07%.

About Tetra Tech

(Free Report)

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.

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Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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