Hunter Associates Investment Management LLC Grows Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

Hunter Associates Investment Management LLC increased its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 12.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,850 shares of the industrial products company’s stock after acquiring an additional 530 shares during the period. Hunter Associates Investment Management LLC’s holdings in Tetra Tech were worth $823,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new position in Tetra Tech in the fourth quarter worth $26,000. Meeder Asset Management Inc. boosted its position in Tetra Tech by 165.9% during the fourth quarter. Meeder Asset Management Inc. now owns 242 shares of the industrial products company’s stock valued at $35,000 after buying an additional 151 shares during the period. Millburn Ridgefield Corp purchased a new stake in Tetra Tech during the third quarter valued at about $37,000. Covestor Ltd boosted its position in Tetra Tech by 90.8% during the first quarter. Covestor Ltd now owns 248 shares of the industrial products company’s stock valued at $41,000 after buying an additional 118 shares during the period. Finally, 1832 Asset Management L.P. boosted its position in Tetra Tech by 88.7% during the first quarter. 1832 Asset Management L.P. now owns 268 shares of the industrial products company’s stock valued at $39,000 after buying an additional 126 shares during the period. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Trading Down 1.2 %

Shares of NASDAQ:TTEK traded down $2.16 during midday trading on Friday, hitting $184.67. 728,789 shares of the stock traded hands, compared to its average volume of 227,967. Tetra Tech, Inc. has a one year low of $132.29 and a one year high of $194.99. The stock has a market capitalization of $9.88 billion, a PE ratio of 42.75 and a beta of 0.96. The business’s 50 day moving average is $183.42 and its two-hundred day moving average is $169.18. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.61.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $974.00 million. During the same period in the prior year, the firm earned $1.34 earnings per share. As a group, research analysts forecast that Tetra Tech, Inc. will post 6.07 earnings per share for the current year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Tuesday, February 13th. Tetra Tech’s dividend payout ratio is 24.07%.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, Director J Kenneth Thompson sold 8,400 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $165.00, for a total transaction of $1,386,000.00. Following the completion of the transaction, the director now owns 14,485 shares of the company’s stock, valued at $2,390,025. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Steven M. Burdick sold 7,515 shares of Tetra Tech stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total transaction of $1,320,160.05. Following the transaction, the chief financial officer now owns 29,890 shares in the company, valued at approximately $5,250,776.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director J Kenneth Thompson sold 8,400 shares of Tetra Tech stock in a transaction on Monday, February 5th. The shares were sold at an average price of $165.00, for a total transaction of $1,386,000.00. Following the transaction, the director now owns 14,485 shares in the company, valued at approximately $2,390,025. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,123 shares of company stock valued at $5,487,673. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on TTEK. Royal Bank of Canada upped their price target on shares of Tetra Tech from $192.00 to $203.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. KeyCorp assumed coverage on shares of Tetra Tech in a research report on Wednesday, January 10th. They set an “overweight” rating and a $191.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.25.

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.