Ramsey Quantitative Systems 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 4,205 shares of the industrial products company’s stock, valued at approximately $218,000.
Several other hedge funds have also recently bought and sold shares of the company. Comerica Bank boosted its stake in shares of Tetra Tech by 0.7% during the 4th quarter. Comerica Bank now owns 54,167 shares of the industrial products company’s stock worth $2,633,000 after acquiring an additional 359 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Tetra Tech by 11.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,847 shares of the industrial products company’s stock worth $199,000 after acquiring an additional 387 shares in the last quarter. Enlightenment Research LLC purchased a new stake in shares of Tetra Tech during the 4th quarter worth about $31,000. Bank of Montreal Can boosted its stake in shares of Tetra Tech by 10.0% during the 4th quarter. Bank of Montreal Can now owns 7,294 shares of the industrial products company’s stock worth $377,000 after acquiring an additional 666 shares in the last quarter. Finally, Private Capital Group LLC boosted its stake in shares of Tetra Tech by 39.3% during the 4th quarter. Private Capital Group LLC now owns 2,792 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 787 shares in the last quarter. 85.70% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on TTEK shares. Maxim Group reissued a “buy” rating and set a $87.00 target price on shares of Tetra Tech in a research note on Friday, January 11th. Zacks Investment Research raised shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Saturday, January 5th. Boenning Scattergood reissued a “buy” rating and set a $80.00 target price on shares of Tetra Tech in a research note on Thursday, December 6th. BidaskClub raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Thursday, November 8th. Finally, Roth Capital decreased their price target on shares of Tetra Tech from $73.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday, January 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $70.00.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, January 30th. The industrial products company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.08. The firm had revenue of $553.36 million for the quarter, compared to analyst estimates of $558.46 million. Tetra Tech had a net margin of 4.55% and a return on equity of 16.02%. Tetra Tech’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.65 EPS. Sell-side analysts forecast that Tetra Tech, Inc. will post 2.96 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Wednesday, February 13th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Tuesday, February 12th. Tetra Tech’s dividend payout ratio is presently 18.18%.
In other Tetra Tech news, SVP Brian N. Carter sold 8,215 shares of the stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $62.28, for a total value of $511,630.20. Following the completion of the sale, the senior vice president now owns 7,430 shares in the company, valued at approximately $462,740.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Craig L. Christensen sold 4,025 shares of the stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of $52.79, for a total transaction of $212,479.75. The disclosure for this sale can be found here. Insiders sold a total of 40,374 shares of company stock worth $2,258,489 over the last ninety days. 3.00% of the stock is currently owned by corporate insiders.
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About Tetra Tech
Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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.
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