one8zero8 LLC Purchases Shares of 451,300 Tetra Tech, Inc. (NASDAQ:TTEK)

one8zero8 LLC purchased a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 451,300 shares of the industrial products company’s stock, valued at approximately $17,980,000. Tetra Tech makes up approximately 3.9% of one8zero8 LLC’s holdings, making the stock its 4th largest position. one8zero8 LLC owned approximately 0.17% of Tetra Tech as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its holdings in shares of Tetra Tech by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company’s stock valued at $2,172,000 after buying an additional 400 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Tetra Tech by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company’s stock valued at $1,809,000 after buying an additional 411 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Tetra Tech by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company’s stock valued at $331,000 after buying an additional 438 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Tetra Tech by 13.0% during the 4th quarter. Farther Finance Advisors LLC now owns 4,009 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 461 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in Tetra Tech by 98.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 495 shares during the period. Institutional investors own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on TTEK shares. KeyCorp cut their target price on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a research note on Friday, January 31st. Finally, Maxim Group downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.92.

Insider Buying and Selling

In related news, Director Kirsten M. Volpi sold 10,116 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of the sale, the director now directly owns 60,196 shares in the company, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.40% of the stock is currently owned by corporate insiders.

Tetra Tech Trading Up 1.5 %

Tetra Tech stock opened at $29.12 on Friday. The company’s fifty day simple moving average is $34.45 and its 200-day simple moving average is $41.42. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a 12 month low of $28.17 and a 12 month high of $51.20. The stock has a market cap of $7.81 billion, a P/E ratio of 30.59 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. As a group, sell-side analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Wednesday, February 12th. Tetra Tech’s dividend payout ratio is presently 24.21%.

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.