one8zero8 LLC Makes New $17.98 Million Investment in Tetra Tech, Inc. (NASDAQ:TTEK)

one8zero8 LLC bought a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 451,300 shares of the industrial products company’s stock, valued at approximately $17,980,000. Tetra Tech comprises 3.9% of one8zero8 LLC’s portfolio, making the stock its 4th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTEK. Venturi Wealth Management LLC lifted its position in Tetra Tech by 3,261.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 587 shares during the last quarter. Canton Hathaway LLC lifted its position in Tetra Tech by 400.0% during the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 516 shares during the last quarter. Banque Cantonale Vaudoise lifted its position in Tetra Tech by 400.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 556 shares during the last quarter. Millburn Ridgefield Corp lifted its position in Tetra Tech by 346.9% during the 3rd quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 621 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Tetra Tech during the 4th quarter worth $39,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insiders Place Their Bets

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the company’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 sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $29.12 on Friday. Tetra Tech, Inc. has a 12-month low of $28.17 and a 12-month high of $51.20. 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 firm has a market capitalization of $7.81 billion, a PE ratio of 30.59 and a beta of 0.93. The firm has a 50-day moving average price of $34.45 and a 200 day moving average price of $41.42.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, topping 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%. Research analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

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

Wall Street Analyst Weigh In

TTEK has been the subject of a number of research analyst reports. Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a research report on Friday, January 31st. Maxim Group lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, KeyCorp dropped their price target on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Three 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 presently has an average rating of “Moderate Buy” and a consensus price target of $47.92.

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.