Terra Alpha Investments LLC Takes $1.87 Million Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Terra Alpha Investments LLC bought a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 46,922 shares of the industrial products company’s stock, valued at approximately $1,869,000. Tetra Tech makes up about 1.9% of Terra Alpha Investments LLC’s investment portfolio, making the stock its 18th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Venturi Wealth Management LLC increased its holdings in Tetra Tech by 3,261.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock valued at $29,000 after buying an additional 587 shares during the period. Canton Hathaway LLC boosted its position in shares of Tetra Tech by 400.0% during the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 516 shares in the last quarter. Banque Cantonale Vaudoise raised its position in Tetra Tech by 400.0% during the third quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 556 shares in the last quarter. Millburn Ridgefield Corp raised its position in Tetra Tech by 346.9% during the third quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 621 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Tetra Tech during the fourth quarter worth $39,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a report on Friday, January 31st. KeyCorp lowered their target price on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Finally, Maxim Group cut shares of 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 issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.92.

Tetra Tech Price Performance

Shares of TTEK opened at $29.12 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a market cap of $7.81 billion, a PE ratio of 30.59 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 business has a 50-day simple moving average of $34.45 and a two-hundred day simple moving average of $41.42.

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 return on equity of 22.58% and a net margin of 4.81%. Analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech’s payout ratio is currently 24.21%.

Insider Transactions at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total transaction of $347,282.28. Following the completion of the transaction, the director now directly owns 60,196 shares of the company’s stock, valued at $2,066,528.68. This trade represents a 14.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is owned by company insiders.

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.