Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC boosted its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 12.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,850 shares of the industrial products company’s stock after buying an additional 530 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Tetra Tech were worth $823,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new position in shares of Tetra Tech during the fourth quarter worth about $26,000. Meeder Asset Management Inc. lifted its position in shares of Tetra Tech by 165.9% in the 4th quarter. Meeder Asset Management Inc. now owns 242 shares of the industrial products company’s stock worth $35,000 after buying an additional 151 shares during the last quarter. Millburn Ridgefield Corp acquired a new position in Tetra Tech in the third quarter valued at approximately $37,000. 1832 Asset Management L.P. boosted its stake in Tetra Tech by 88.7% in the first quarter. 1832 Asset Management L.P. now owns 268 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 126 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Tetra Tech in the 2nd quarter worth approximately $39,000. 93.89% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director J Kenneth Thompson sold 3,500 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $177.24, for a total transaction of $620,340.00. Following the completion of the sale, the director now directly owns 10,985 shares of the company’s stock, valued at $1,946,981.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director J Kenneth Thompson sold 3,500 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $177.24, for a total transaction of $620,340.00. Following the sale, the director now directly owns 10,985 shares of the company’s stock, valued at $1,946,981.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven M. Burdick sold 7,515 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total value of $1,320,160.05. Following the sale, the chief financial officer now directly owns 29,890 shares of the company’s stock, valued at $5,250,776.30. The disclosure for this sale can be found here. Insiders have sold a total of 32,123 shares of company stock valued at $5,487,673 over the last three months. Company insiders own 0.61% of the company’s stock.

Tetra Tech Stock Performance

TTEK stock traded down $2.16 during trading on Friday, reaching $184.67. 728,789 shares of the company’s stock were exchanged, compared to its average volume of 227,967. The firm has a market cap of $9.88 billion, a PE ratio of 42.75 and a beta of 0.96. 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, Inc. has a 1-year low of $132.29 and a 1-year high of $194.99. The company’s fifty day moving average price is $183.42 and its 200-day moving average price is $169.18.

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

Tetra Tech Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently commented on TTEK shares. Royal Bank of Canada upped their price objective on Tetra Tech from $192.00 to $203.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. KeyCorp assumed coverage on shares of Tetra Tech in a research report on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $197.25.

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.