Lbp Am Sa Takes $1.77 Million Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Lbp Am Sa acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 44,361 shares of the industrial products company’s stock, valued at approximately $1,767,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTEK. Assetmark Inc. grew its holdings in Tetra Tech by 495.6% during the third quarter. Assetmark Inc. now owns 4,729 shares of the industrial products company’s stock worth $223,000 after acquiring an additional 3,935 shares during the period. Atria Investments Inc grew its holdings in Tetra Tech by 321.9% during the third quarter. Atria Investments Inc now owns 7,114 shares of the industrial products company’s stock worth $335,000 after acquiring an additional 5,428 shares during the period. 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 worth $29,000 after acquiring an additional 587 shares during the period. Harbour Investments Inc. grew its holdings in Tetra Tech by 403.3% during the third quarter. Harbour Investments Inc. now owns 5,003 shares of the industrial products company’s stock worth $236,000 after acquiring an additional 4,009 shares during the period. Finally, GSA Capital Partners LLP grew its holdings in Tetra Tech by 71.8% during the third quarter. GSA Capital Partners LLP now owns 7,640 shares of the industrial products company’s stock worth $360,000 after acquiring an additional 3,192 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on TTEK shares. KeyCorp decreased their target price 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. Maxim Group downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada set a $49.00 target price on Tetra Tech in a research report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $47.92.

Insider Activity at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of the transaction, the director now directly owns 60,196 shares in the company, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

Tetra Tech Stock Up 1.5 %

Shares of NASDAQ:TTEK opened at $29.12 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a 52-week low of $28.17 and a 52-week high of $51.20. The stock’s fifty day simple moving average is $34.45 and its 200-day simple moving average is $41.42. The company has a market capitalization of $7.81 billion, a P/E ratio of 30.59 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating 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 research analysts forecast 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. Stockholders of record on Wednesday, February 12th were given a $0.058 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.80%. Tetra Tech’s dividend payout ratio is currently 24.21%.

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.