Clear Creek Financial Management LLC Increases Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Clear Creek Financial Management LLC increased its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 17.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,418 shares of the industrial products company’s stock after buying an additional 1,256 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Tetra Tech were worth $335,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TTEK. Allworth Financial LP grew its position in shares of Tetra Tech by 629.3% during the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 472 shares during the period. LGT Financial Advisors LLC lifted its stake in Tetra Tech by 400.0% in the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 444 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Tetra Tech by 3,261.1% during the third quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 587 shares during the period. Canton Hathaway LLC increased its position in Tetra Tech by 400.0% in the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock worth $30,000 after buying an additional 516 shares during the last quarter. Finally, USA Financial Formulas raised its stake in shares of Tetra Tech by 332.3% in the third quarter. USA Financial Formulas now owns 709 shares of the industrial products company’s stock valued at $33,000 after buying an additional 545 shares during the period. Institutional investors own 93.89% of the company’s stock.

Wall Street Analysts Forecast Growth

TTEK has been the subject of several research reports. KeyCorp cut their price target on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday. StockNews.com cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Tetra Tech in a research note on Friday, November 15th. Finally, Robert W. Baird increased their target price on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Tetra Tech has an average rating of “Moderate Buy” and a consensus price target of $48.52.

Tetra Tech Stock Performance

Tetra Tech stock opened at $36.80 on Monday. The firm’s 50 day simple moving average is $40.75 and its 200 day simple moving average is $44.21. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. Tetra Tech, Inc. has a 1-year low of $31.09 and a 1-year high of $51.20. The firm has a market capitalization of $9.86 billion, a PE ratio of 38.66 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results 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 22.57%. As a group, analysts expect that Tetra Tech, Inc. will post 1.45 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Wednesday, February 12th. Tetra Tech’s payout ratio is 24.21%.

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.