4 hours Ago By ABMN Staff
AlphaQuest LLC cut its stake in Tetra Tech, Inc. ( NASDAQ:TTEK – Free Report ) by 60.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 3,696 shares of the industrial products company’s stock after selling 5,683 shares during the period. AlphaQuest LLC’s holdings in Tetra Tech were worth $147,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company.
New England Research & Management Inc. acquired a new position in Tetra Tech in the 4th quarter valued at $596,000. Nicola Wealth Management LTD.
increased its stake in shares of Tetra Tech by 36.8% in the 4th quarter. Nicola Wealth Management LTD.
now owns 65,000 shares of the industrial products company’s stock valued at $2,590,000 after purchasing an additional 17,500 shares during the last quarter. Lecap Asset Management Ltd. increased its stake in shares of Tetra Tech by 71.
3% in the 4th quarter. Lecap Asset Management Ltd. now owns 44,769 shares of the industrial products company’s stock valued at $1,784,000 after purchasing an additional 18,635 shares during the last quarter.
Y Intercept Hong Kong Ltd increased its stake in shares of Tetra Tech by 53.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 39,150 shares of the industrial products company’s stock valued at $1,560,000 after purchasing an additional 13,606 shares during the last quarter.
Finally, Perpetual Ltd grew its position in Tetra Tech by 9.6% during the 4th quarter. Perpetual Ltd now owns 215,042 shares of the industrial products company’s stock worth $8,567,000 after acquiring an additional 18,842 shares during the last quarter.
93.89% of the stock is owned by institutional investors and hedge funds. Wall Street Analyst Weigh In A number of equities research analysts recently weighed in on TTEK shares.
Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a research report on Friday, January 31st. KeyCorp dropped their price target on Tetra Tech from $49.
00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Maxim Group downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th.
Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Tetra Tech has a consensus rating of “Moderate Buy” and an average 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 stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.
33, for a total transaction of $347,282.28. Following the completion of the transaction, the director now directly owns 60,196 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link . 0.40% of the stock is owned by corporate insiders.
Tetra Tech Stock Performance TTEK stock opened at $29.44 on Tuesday. The firm has a market cap of $7.
89 billion, a PE ratio of 30.92 and a beta of 0.93.
The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.
53. The business has a 50 day moving average of $34.45 and a 200-day moving average of $41.
42. Tetra Tech, Inc. has a 12-month low of $28.
17 and a 12-month high of $51.20. Tetra Tech ( NASDAQ:TTEK – Get Free Report ) last released its earnings results on Wednesday, January 29th.
The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.
01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.
81%. As a group, sell-side analysts expect that Tetra Tech, Inc. will post 1.
37 earnings per share for the current year. Tetra Tech Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.
058 per share. This represents a $0.23 annualized dividend and a yield of 0.
79%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is 24.
21%. Tetra Tech Company Profile ( Free Report ) 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. See Also Receive News & Ratings for Tetra Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Tech and related companies with MarketBeat.com's FREE daily email newsletter .
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