1,000 Shares in Tetra Tech, Inc. (NASDAQ:TTEK) Acquired by Asset Planning Inc

Asset Planning Inc purchased a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,000 shares of the industrial products company’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nordea Investment Management AB grew its stake in shares of Tetra Tech by 0.9% during the fourth quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company’s stock worth $1,809,000 after purchasing an additional 411 shares during the period. LGT Financial Advisors LLC grew its stake in shares of Tetra Tech by 400.0% during the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 444 shares during the period. Allworth Financial LP grew its stake in shares of Tetra Tech by 629.3% during 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 period. Canton Hathaway LLC grew its stake in shares of Tetra Tech by 400.0% during the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 516 shares during the period. Finally, Osprey Private Wealth LLC grew its stake in shares of Tetra Tech by 0.3% during the fourth quarter. Osprey Private Wealth LLC now owns 170,850 shares of the industrial products company’s stock worth $6,807,000 after purchasing an additional 525 shares during the period. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

Shares of Tetra Tech stock opened at $30.60 on Friday. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 32.14 and a beta of 0.89. The stock’s 50-day moving average is $38.92 and its 200-day moving average is $43.63. Tetra Tech, Inc. has a one year low of $30.42 and a one year high of $51.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.25.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. Equities analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Wednesday, February 12th. Tetra Tech’s dividend payout ratio is currently 24.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Tetra Tech in a report on Friday, November 15th. Maxim Group lowered Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Robert W. Baird lifted their target price on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, KeyCorp reduced their target price on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tetra Tech currently has a consensus rating of “Moderate Buy” and an average target price of $48.52.

Insider Activity at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the sale, the director now owns 60,196 shares of the company’s stock, valued at approximately $2,066,528.68. The trade was a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by company insiders.

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.