15,033 Shares in Tetra Tech, Inc. (NASDAQ:TTEK) Bought by Trust Point Inc.

Trust Point Inc. bought a new stake in Tetra Tech, Inc. (NASDAQ:TTEKFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 15,033 shares of the industrial products company’s stock, valued at approximately $599,000.

A number of other large investors have also added to or reduced their stakes in the company. New England Research & Management Inc. purchased a new position in shares of Tetra Tech in the 4th quarter worth approximately $596,000. Harbor Capital Advisors Inc. grew its holdings in Tetra Tech by 630.8% in the third quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company’s stock worth $1,718,000 after purchasing an additional 31,445 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of Tetra Tech by 615.8% during the third quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock worth $1,052,000 after purchasing an additional 19,193 shares in the last quarter. SFE Investment Counsel lifted its holdings in shares of Tetra Tech by 374.8% during the 3rd quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company’s stock valued at $1,713,000 after purchasing an additional 28,679 shares during the last quarter. Finally, Perpetual Ltd boosted its position in shares of Tetra Tech by 9.6% in the 4th quarter. Perpetual Ltd now owns 215,042 shares of the industrial products company’s stock worth $8,567,000 after purchasing an additional 18,842 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TTEK has been the subject of a number of research analyst reports. Robert W. Baird increased their price target on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. StockNews.com lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. KeyCorp cut their price target on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Tetra Tech in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $48.52.

Check Out Our Latest Research Report on Tetra Tech

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $34.54 on Wednesday. Tetra Tech, Inc. has a twelve month low of $31.09 and a twelve month high of $51.20. The company has a current ratio of 1.29, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53. The company has a market cap of $9.26 billion, a PE ratio of 36.28 and a beta of 0.89. The company’s 50 day moving average is $40.46 and its 200 day moving average is $44.11.

Tetra Tech (NASDAQ:TTEKGet Free Report) last issued its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. On average, sell-side analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $0.058 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.67%. Tetra Tech’s payout ratio is 24.16%.

Tetra Tech Company Profile

(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.

See Also

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

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