Harbour Investments Inc. Boosts Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Harbour Investments Inc. boosted its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 374.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,719 shares of the industrial products company’s stock after purchasing an additional 18,716 shares during the period. Harbour Investments Inc.’s holdings in Tetra Tech were worth $945,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Corient Private Wealth LLC boosted its stake in shares of Tetra Tech by 14.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,613,259 shares of the industrial products company’s stock valued at $104,112,000 after buying an additional 339,839 shares in the last quarter. Gitterman Wealth Management LLC lifted its holdings in Tetra Tech by 24.0% in the fourth quarter. Gitterman Wealth Management LLC now owns 9,880 shares of the industrial products company’s stock valued at $394,000 after acquiring an additional 1,911 shares during the period. one8zero8 LLC purchased a new stake in shares of Tetra Tech during the 4th quarter worth $17,980,000. LBP AM SA acquired a new position in shares of Tetra Tech during the 4th quarter worth $1,767,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Tetra Tech by 10.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 31,887 shares of the industrial products company’s stock valued at $1,270,000 after purchasing an additional 2,957 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Insider Buying and Selling at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the firm’s stock in a transaction that occurred 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 in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on TTEK. Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a report on Friday, January 31st. Maxim Group lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, KeyCorp lowered their price target on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.92.

Tetra Tech Stock Up 2.1 %

Shares of NASDAQ TTEK opened at $30.35 on Thursday. The firm’s 50-day moving average is $34.05 and its two-hundred day moving average is $41.17. The company has a market capitalization of $8.13 billion, a PE ratio of 31.88 and a beta of 0.93. Tetra Tech, Inc. has a 12-month low of $28.17 and a 12-month high of $51.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. Equities analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.058 dividend. This represents a $0.23 annualized dividend and a yield of 0.76%. The ex-dividend date was Wednesday, February 12th. Tetra Tech’s payout ratio is 24.21%.

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.