Aigen Investment Management LP Invests $545,000 in Tetra Tech, Inc. (NASDAQ:TTEK)

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

A number of other institutional investors and hedge funds have also recently modified their holdings of TTEK. US Bancorp DE grew its position in shares of Tetra Tech by 401.8% in the 3rd quarter. US Bancorp DE now owns 17,093 shares of the industrial products company’s stock worth $806,000 after buying an additional 13,687 shares during the last quarter. Farther Finance Advisors LLC grew its position in Tetra Tech by 461.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,548 shares of the industrial products company’s stock worth $167,000 after purchasing an additional 2,916 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Tetra Tech by 250.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 42,647 shares of the industrial products company’s stock worth $2,011,000 after purchasing an additional 30,468 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Tetra Tech by 313.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 120,385 shares of the industrial products company’s stock worth $5,677,000 after purchasing an additional 91,285 shares during the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in Tetra Tech during the 3rd quarter worth approximately $206,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

Shares of NASDAQ TTEK opened at $30.02 on Friday. The company has a current ratio of 1.29, a quick 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 company has a 50 day simple moving average of $35.72 and a two-hundred day simple moving average of $42.14. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 31.53 and a beta of 0.89.

Tetra Tech (NASDAQ:TTEK) last posted 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 net margin of 4.81% and a return on equity of 22.58%. As a group, analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.058 dividend. This represents a $0.23 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech’s dividend payout ratio is currently 24.21%.

Insider Activity at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the business’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 transaction, the director now directly owns 60,196 shares in the company, valued at $2,066,528.68. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on TTEK shares. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a research report on Friday, January 31st. StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Maxim Group downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. KeyCorp decreased their price objective on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. 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 research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.92.

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.