Sterling Capital Management LLC Buys 4,309 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Sterling Capital Management LLC boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 47.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,324 shares of the industrial products company’s stock after acquiring an additional 4,309 shares during the period. Sterling Capital Management LLC’s holdings in Tetra Tech were worth $531,000 at the end of the most recent quarter.

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

Tetra Tech Trading Up 1.2 %

NASDAQ TTEK opened at $30.22 on Friday. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $51.20. The business has a 50 day moving average price of $29.73 and a 200-day moving average price of $38.49. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 31.74 and a beta of 0.89.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share 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%. As a group, equities analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid 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 0.77%. Tetra Tech’s dividend payout ratio (DPR) is currently 24.21%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Maxim Group cut Tetra Tech from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a research report on Friday, January 31st. Finally, KeyCorp dropped their target price on shares of Tetra Tech from $45.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.72.

Insiders Place Their Bets

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 transaction, the director now owns 60,196 shares of the company’s stock, valued at $2,066,528.68. The trade was a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate 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.