GHP Investment Advisors Inc. Sells 1,555 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

GHP Investment Advisors Inc. lowered its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,220 shares of the industrial products company’s stock after selling 1,555 shares during the quarter. GHP Investment Advisors Inc. owned approximately 0.08% of Tetra Tech worth $6,714,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TTEK. Raymond James & Associates grew its stake in Tetra Tech by 6.7% in the first quarter. Raymond James & Associates now owns 22,259 shares of the industrial products company’s stock worth $3,671,000 after purchasing an additional 1,395 shares in the last quarter. American Century Companies Inc. lifted its holdings in Tetra Tech by 20.0% during the first quarter. American Century Companies Inc. now owns 3,178 shares of the industrial products company’s stock worth $524,000 after buying an additional 529 shares during the period. US Bancorp DE lifted its holdings in Tetra Tech by 4.2% during the first quarter. US Bancorp DE now owns 2,170 shares of the industrial products company’s stock worth $358,000 after buying an additional 87 shares during the period. Cetera Advisor Networks LLC purchased a new stake in Tetra Tech during the first quarter worth $421,000. Finally, Bank of Montreal Can lifted its holdings in Tetra Tech by 8.2% during the first quarter. Bank of Montreal Can now owns 6,868 shares of the industrial products company’s stock worth $1,163,000 after buying an additional 522 shares during the period. Institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Royal Bank of Canada upped their target price on Tetra Tech from $192.00 to $203.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. KeyCorp began coverage on Tetra Tech in a report on Wednesday, January 10th. They set an “overweight” rating and a $191.00 price objective for the company. Two equities 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $197.25.

Tetra Tech Price Performance

Shares of TTEK opened at $192.11 on Thursday. The business’s 50-day moving average is $180.74 and its two-hundred day moving average is $167.51. The company has a market capitalization of $10.28 billion, a P/E ratio of 44.47 and a beta of 0.96. 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 $132.29 and a fifty-two week high of $194.99.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.05. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $974.00 million. During the same period last year, the firm earned $1.34 EPS. Research analysts predict that Tetra Tech, Inc. will post 6.07 earnings per share for the current year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Tuesday, February 13th. Tetra Tech’s dividend payout ratio (DPR) is presently 24.07%.

Insider Buying and Selling

In related news, Director J Kenneth Thompson sold 8,400 shares of Tetra Tech stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $165.00, for a total value of $1,386,000.00. Following the sale, the director now directly owns 14,485 shares in the company, valued at approximately $2,390,025. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Tetra Tech news, CFO Steven M. Burdick sold 7,128 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 37,405 shares of the company’s stock, valued at approximately $6,172,199.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J Kenneth Thompson sold 8,400 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $165.00, for a total transaction of $1,386,000.00. Following the completion of the transaction, the director now directly owns 14,485 shares in the company, valued at $2,390,025. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,123 shares of company stock worth $5,487,673. Insiders own 0.61% of the company’s stock.

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.