Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by Harbour Investments Inc.

Harbour Investments Inc. raised its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 374.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 23,719 shares of the industrial products company’s stock after buying an additional 18,716 shares during the quarter. Harbour Investments Inc.’s holdings in Tetra Tech were worth $945,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Tetra Tech by 406.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company’s stock worth $222,466,000 after purchasing an additional 3,785,189 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Tetra Tech by 357.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company’s stock worth $97,644,000 after acquiring an additional 1,618,211 shares in the last quarter. Premier Fund Managers Ltd raised its stake in shares of Tetra Tech by 400.0% in the 3rd quarter. Premier Fund Managers Ltd now owns 1,500,000 shares of the industrial products company’s stock valued at $69,615,000 after acquiring an additional 1,200,000 shares during the period. King Luther Capital Management Corp lifted its holdings in shares of Tetra Tech by 324.0% during the 4th quarter. King Luther Capital Management Corp now owns 1,278,295 shares of the industrial products company’s stock valued at $50,927,000 after acquiring an additional 976,810 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in Tetra Tech by 365.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,138,716 shares of the industrial products company’s stock worth $53,739,000 after purchasing an additional 893,827 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Up 2.1 %

Shares of NASDAQ TTEK opened at $30.35 on Thursday. 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, Inc. has a 1 year low of $28.17 and a 1 year high of $51.20. The stock’s 50-day simple moving average is $34.05 and its 200-day simple moving average is $41.17. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of 31.88 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data 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 return on equity of 22.58% and a net margin of 4.81%. As a group, equities analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.76%. Tetra Tech’s dividend payout ratio (DPR) is 24.21%.

Insiders Place Their Bets

In other news, Director Kirsten M. Volpi sold 10,116 shares of the stock in a transaction dated Tuesday, February 4th. The shares were 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 approximately $2,066,528.68. This trade represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TTEK has been the topic of several research reports. KeyCorp cut their price objective on 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 target price on Tetra Tech in a report on Friday, January 31st. Finally, Maxim Group cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.92.

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.