Aigen Investment Management LP Acquires Shares of 13,672 Tetra Tech, Inc. (NASDAQ:TTEK)

Aigen Investment Management LP acquired a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,672 shares of the industrial products company’s stock, valued at approximately $545,000.

Several other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC lifted its position in Tetra Tech by 406.6% during the third quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company’s stock valued at $222,466,000 after purchasing an additional 3,785,189 shares during the last quarter. Robeco Schweiz AG lifted its holdings in shares of Tetra Tech by 26.5% in the 4th quarter. Robeco Schweiz AG now owns 2,449,875 shares of the industrial products company’s stock worth $97,603,000 after acquiring an additional 512,931 shares during the last quarter. abrdn plc lifted its holdings in shares of Tetra Tech by 7.6% in the 4th quarter. abrdn plc now owns 2,269,777 shares of the industrial products company’s stock worth $90,031,000 after acquiring an additional 159,701 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Tetra Tech by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,081,839 shares of the industrial products company’s stock worth $82,940,000 after acquiring an additional 11,356 shares during the last quarter. Finally, Premier Fund Managers Ltd lifted its holdings in shares of Tetra Tech by 400.0% in the 3rd quarter. Premier Fund Managers Ltd now owns 1,500,000 shares of the industrial products company’s stock worth $69,615,000 after acquiring an additional 1,200,000 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Trading Up 5.1 %

Shares of TTEK opened at $30.02 on Friday. Tetra Tech, Inc. has a 1-year low of $28.17 and a 1-year high of $51.20. The company has a 50-day moving average of $35.72 and a 200 day moving average of $42.14. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 31.53 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29.

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

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Wednesday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is 24.21%.

Analysts Set New Price Targets

TTEK has been the subject of several analyst reports. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a report on Friday, January 31st. Maxim Group lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. KeyCorp lowered their target price on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 31st. StockNews.com lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Robert W. Baird lifted their price objective on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.92.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the transaction, the director now owns 60,196 shares of the company’s stock, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.40% of the company’s stock.

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.