Rathbones Group PLC Boosts Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Rathbones Group PLC increased its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 87.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,285 shares of the industrial products company’s stock after acquiring an additional 10,835 shares during the period. Rathbones Group PLC’s holdings in Tetra Tech were worth $928,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TTEK. R Squared Ltd purchased a new position in shares of Tetra Tech in the fourth quarter worth $39,000. Asset Planning Inc purchased a new position in Tetra Tech in the 4th quarter worth about $40,000. Jones Financial Companies Lllp lifted its stake in Tetra Tech by 98.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 495 shares during the period. Blue Trust Inc. boosted its holdings in shares of Tetra Tech by 235.8% during the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 1,014 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of Tetra Tech in the fourth quarter worth approximately $63,000. 93.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TTEK shares. Maxim Group cut shares of Tetra Tech from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. KeyCorp cut their price objective on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Royal Bank of Canada set a $49.00 target price on Tetra Tech in a report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Tetra Tech currently has an average rating of “Moderate Buy” and a consensus target price of $47.92.

Tetra Tech Price Performance

Shares of Tetra Tech stock opened at $28.01 on Wednesday. The stock has a market cap of $7.51 billion, a P/E ratio of 29.42 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The stock’s fifty day moving average is $30.41 and its 200 day moving average is $39.20. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share 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%. Sell-side analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.058 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a yield of 0.83%. Tetra Tech’s dividend payout ratio is presently 24.21%.

Insider Activity

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