Tetra Tech, Inc. (NASDAQ:TTEK) Shares Purchased by PFG Advisors

PFG Advisors increased its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,415 shares of the industrial products company’s stock after purchasing an additional 1,035 shares during the period. PFG Advisors’ holdings in Tetra Tech were worth $335,000 at the end of the most recent quarter.

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

Insider Activity at Tetra Tech

In related 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 value of $347,282.28. Following the completion of the sale, the director now owns 60,196 shares in the company, valued at $2,066,528.68. This trade 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 available at this link. 0.40% of the stock is owned by insiders.

Tetra Tech Price Performance

Shares of TTEK opened at $29.12 on Friday. Tetra Tech, Inc. has a fifty-two week low of $28.17 and a fifty-two week high of $51.20. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 30.59 and a beta of 0.93. The firm has a 50-day simple moving average of $34.45 and a 200-day simple moving average of $41.42. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current 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 EPS 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, equities research analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

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

Analysts Set New Price Targets

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

About Tetra Tech

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.