Robeco Schweiz AG Increases Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

Robeco Schweiz AG lifted its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 26.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,449,875 shares of the industrial products company’s stock after purchasing an additional 512,931 shares during the quarter. Tetra Tech comprises about 2.1% of Robeco Schweiz AG’s portfolio, making the stock its 14th largest holding. Robeco Schweiz AG’s holdings in Tetra Tech were worth $97,603,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TTEK. Geode Capital Management LLC raised its position in shares of Tetra Tech by 406.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company’s stock valued at $222,466,000 after purchasing an additional 3,785,189 shares during the last quarter. abrdn plc raised its position in Tetra Tech by 353.0% during the 3rd quarter. abrdn plc now owns 2,110,076 shares of the industrial products company’s stock worth $98,477,000 after buying an additional 1,644,267 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Tetra Tech by 357.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company’s stock worth $97,644,000 after buying an additional 1,618,211 shares during the last quarter. Premier Fund Managers Ltd raised its position in Tetra Tech by 400.0% during the 3rd quarter. Premier Fund Managers Ltd now owns 1,500,000 shares of the industrial products company’s stock worth $69,615,000 after buying an additional 1,200,000 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc raised its position in Tetra Tech by 337.0% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,466,385 shares of the industrial products company’s stock worth $69,081,000 after buying an additional 1,130,842 shares during the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction on Tuesday, February 4th. The shares were 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 $2,066,528.68. The trade was a 14.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Tetra Tech Price Performance

Tetra Tech stock opened at $29.64 on Thursday. The company’s fifty day moving average price is $37.05 and its 200 day moving average price is $42.83. Tetra Tech, Inc. has a 1 year low of $29.23 and a 1 year high of $51.20. The stock has a market capitalization of $7.94 billion, a P/E ratio of 31.13 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.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 research analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently announced 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 of this dividend was Wednesday, February 12th. This represents a $0.23 annualized dividend and a yield of 0.78%. Tetra Tech’s dividend payout ratio (DPR) is presently 24.21%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TTEK. Maxim Group lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Robert W. Baird raised their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. KeyCorp reduced their price target on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a research report on Friday, January 31st. Finally, StockNews.com lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Three equities research 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 a consensus rating of “Moderate Buy” and an average price target of $47.92.

Tetra Tech 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.