New England Research & Management Inc. Acquires Shares of 14,950 Tetra Tech, Inc. (NASDAQ:TTEK)

New England Research & Management Inc. acquired a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the 4th quarter, Holdings Channel.com reports. The fund acquired 14,950 shares of the industrial products company’s stock, valued at approximately $596,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP raised its stake in shares of Tetra Tech by 629.3% in the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 472 shares during the last quarter. LGT Financial Advisors LLC grew its holdings in shares of Tetra Tech by 400.0% in the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 444 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Tetra Tech by 3,261.1% in the third quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 587 shares in the last quarter. Canton Hathaway LLC grew its holdings in Tetra Tech by 400.0% during the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 516 shares during the period. Finally, USA Financial Formulas grew its holdings in Tetra Tech by 332.3% during the third quarter. USA Financial Formulas now owns 709 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 545 shares during the period. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

Shares of NASDAQ TTEK opened at $37.67 on Thursday. The stock has a market cap of $10.10 billion, a PE ratio of 30.58 and a beta of 0.90. The firm has a fifty day moving average price of $40.91 and a 200-day moving average price of $44.26. Tetra Tech, Inc. has a 1 year low of $31.61 and a 1 year high of $51.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.25.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 6.41% and a return on equity of 20.64%. Equities analysts anticipate that Tetra Tech, Inc. will post 1.45 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a $0.058 dividend. This represents a $0.23 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Wednesday, November 27th. Tetra Tech’s dividend payout ratio is currently 18.67%.

Analyst Upgrades and Downgrades

TTEK has been the subject of several research reports. KeyCorp reduced their price objective on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Tetra Tech in a research report on Friday, November 15th. Robert W. Baird increased their target price on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, StockNews.com downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.32.

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.