We Are One Seven LLC acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,821 shares of the industrial products company’s stock, valued at approximately $184,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Segall Bryant & Hamill LLC increased its holdings in shares of Tetra Tech by 33.2% during the fourth quarter. Segall Bryant & Hamill LLC now owns 125,356 shares of the industrial products company’s stock worth $6,036,000 after buying an additional 31,252 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Tetra Tech during the fourth quarter worth approximately $1,237,000. Macquarie Group Ltd. increased its holdings in shares of Tetra Tech by 9.2% in the fourth quarter. Macquarie Group Ltd. now owns 746,162 shares of the industrial products company’s stock valued at $35,928,000 after purchasing an additional 63,040 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Tetra Tech in the fourth quarter valued at approximately $396,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Tetra Tech in the fourth quarter valued at approximately $254,000. 87.27% of the stock is owned by institutional investors.
A number of brokerages recently weighed in on TTEK. Zacks Investment Research lowered shares of Tetra Tech from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Boenning Scattergood reissued a “buy” rating and issued a $65.00 price target on shares of Tetra Tech in a report on Thursday, March 15th. BidaskClub lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Canaccord Genuity reissued a “buy” rating and issued a $60.00 price target on shares of Tetra Tech in a report on Thursday, February 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $56.14.
Tetra Tech, Inc. (TTEK) opened at $48.50 on Monday. Tetra Tech, Inc. has a 52 week low of $39.00 and a 52 week high of $53.40. The stock has a market cap of $2,708.77, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 1.45 and a beta of 1.00. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.46.
Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.12. Tetra Tech had a net margin of 4.83% and a return on equity of 14.26%. The firm had revenue of $544.85 million for the quarter, compared to analysts’ expectations of $510.22 million. During the same period last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. equities research analysts predict that Tetra Tech, Inc. will post 2.49 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Wednesday, February 14th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.82%. Tetra Tech’s payout ratio is presently 16.74%.
About Tetra Tech
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.
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