First Pacific Financial Cuts Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

First Pacific Financial lessened its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,074 shares of the industrial products company’s stock after selling 107 shares during the quarter. First Pacific Financial’s holdings in Tetra Tech were worth $847,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Contravisory Investment Management Inc. bought a new position in shares of Tetra Tech during the 4th quarter valued at approximately $26,000. Meeder Asset Management Inc. lifted its position in Tetra Tech by 165.9% during the fourth quarter. Meeder Asset Management Inc. now owns 242 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 151 shares during the last quarter. Millburn Ridgefield Corp purchased a new position in shares of Tetra Tech in the 3rd quarter worth $37,000. ST Germain D J Co. Inc. bought a new stake in shares of Tetra Tech in the 2nd quarter worth about $38,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Tetra Tech by 79.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 241 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

Insider Buying and Selling

In other Tetra Tech news, CFO Steven M. Burdick sold 7,128 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $165.01, for a total transaction of $1,176,191.28. Following the sale, the chief financial officer now owns 37,405 shares of the company’s stock, valued at approximately $6,172,199.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Tetra Tech news, CFO Steven M. Burdick sold 7,128 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $165.01, for a total value of $1,176,191.28. Following the completion of the transaction, the chief financial officer now directly owns 37,405 shares in the company, valued at $6,172,199.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Kenneth Thompson sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $177.24, for a total transaction of $620,340.00. Following the completion of the sale, the director now owns 10,985 shares in the company, valued at $1,946,981.40. The disclosure for this sale can be found here. Insiders sold 32,123 shares of company stock valued at $5,487,673 over the last 90 days. Corporate insiders own 0.61% of the company’s stock.

Tetra Tech Trading Up 1.2 %

Shares of NASDAQ TTEK opened at $184.64 on Thursday. Tetra Tech, Inc. has a twelve month low of $132.29 and a twelve month high of $190.14. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $175.15 and a two-hundred day simple moving average of $165.15. The firm has a market cap of $9.88 billion, a PE ratio of 42.74 and a beta of 0.96.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $974.00 million. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. During the same period in the prior year, the firm earned $1.34 earnings per share. Analysts expect that Tetra Tech, Inc. will post 6.07 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Wednesday, February 14th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.56%. The ex-dividend date was Tuesday, February 13th. Tetra Tech’s payout ratio is 24.07%.

Analysts Set New Price Targets

A number of analysts have weighed in on TTEK shares. KeyCorp began coverage on Tetra Tech in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 target price on the stock. Royal Bank of Canada lifted their price objective on shares of Tetra Tech from $192.00 to $203.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.25.

Tetra Tech 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.