Terra Alpha Investments LLC Buys New Shares in Tetra Tech, Inc. (NASDAQ:TTEK)

Terra Alpha Investments LLC purchased a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the fourth quarter, Holdings Channel reports. The fund purchased 46,922 shares of the industrial products company’s stock, valued at approximately $1,869,000. Tetra Tech comprises about 1.9% of Terra Alpha Investments LLC’s holdings, making the stock its 18th biggest holding.

A number of other large investors have also recently bought and sold shares of TTEK. Amundi boosted its position in shares of Tetra Tech by 2.5% during the 4th quarter. Amundi now owns 4,873,176 shares of the industrial products company’s stock valued at $194,314,000 after purchasing an additional 117,304 shares in the last quarter. Geode Capital Management LLC lifted its stake in Tetra Tech by 406.6% in the third quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company’s stock valued at $222,466,000 after buying an additional 3,785,189 shares during the period. Corient Private Wealth LLC lifted its stake in Tetra Tech by 14.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,613,259 shares of the industrial products company’s stock valued at $104,112,000 after buying an additional 339,839 shares during the period. Robeco Schweiz AG boosted its holdings in shares of Tetra Tech by 26.5% during the 4th quarter. Robeco Schweiz AG now owns 2,449,875 shares of the industrial products company’s stock worth $97,603,000 after buying an additional 512,931 shares in the last quarter. Finally, abrdn plc grew its position in shares of Tetra Tech by 7.6% during the 4th quarter. abrdn plc now owns 2,269,777 shares of the industrial products company’s stock worth $90,031,000 after buying an additional 159,701 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

Shares of TTEK stock opened at $29.12 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $34.45 and a two-hundred day simple moving average of $41.42. Tetra Tech, Inc. has a 12 month low of $28.17 and a 12 month high of $51.20. The firm has a market capitalization of $7.81 billion, a PE ratio of 30.59 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. Analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.058 dividend. This represents a $0.23 annualized dividend and a yield of 0.80%. The ex-dividend date was Wednesday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is presently 24.21%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. KeyCorp dropped their target price on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a report on Friday, January 31st. Finally, Maxim Group downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.92.

Insider Buying and Selling at Tetra Tech

In other news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of the transaction, the director now directly owns 60,196 shares in the company, valued at approximately $2,066,528.68. The trade was a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

Tetra Tech Company 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.