Tetra Tech, Inc. (NASDAQ:TTEK) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich cut its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 1.2% during the 4th quarter, Holdings Channel reports. The firm owned 5,500 shares of the industrial products company’s stock after selling 68 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Tetra Tech were worth $918,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Arkadios Wealth Advisors increased its position in shares of Tetra Tech by 2.5% during the 4th quarter. Arkadios Wealth Advisors now owns 3,060 shares of the industrial products company’s stock valued at $511,000 after purchasing an additional 74 shares during the period. Guinness Asset Management LTD grew its holdings in shares of Tetra Tech by 2.6% in the 3rd quarter. Guinness Asset Management LTD now owns 3,332 shares of the industrial products company’s stock worth $507,000 after acquiring an additional 83 shares during the last quarter. Hunter Associates Investment Management LLC grew its holdings in shares of Tetra Tech by 2.0% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 4,320 shares of the industrial products company’s stock worth $654,000 after acquiring an additional 86 shares during the last quarter. State of Michigan Retirement System grew its holdings in shares of Tetra Tech by 0.8% in the 4th quarter. State of Michigan Retirement System now owns 12,808 shares of the industrial products company’s stock worth $2,138,000 after acquiring an additional 100 shares during the last quarter. Finally, Tributary Capital Management LLC grew its holdings in shares of Tetra Tech by 1.9% in the 4th quarter. Tributary Capital Management LLC now owns 6,379 shares of the industrial products company’s stock worth $1,065,000 after acquiring an additional 120 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTEK has been the topic of a number of recent research reports. KeyCorp initiated coverage on Tetra Tech in a report on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 target price on the stock. Royal Bank of Canada lifted their target price on Tetra Tech from $192.00 to $203.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $197.25.

Insider Transactions at Tetra Tech

In other news, CFO Steven M. Burdick sold 7,128 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $165.01, for a total value of $1,176,191.28. Following the completion of the sale, the chief financial officer now owns 37,405 shares of the company’s stock, valued at $6,172,199.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Steven M. Burdick sold 7,128 shares of Tetra Tech stock in a transaction on Monday, February 5th. The stock was sold at an average price of $165.01, for a total transaction of $1,176,191.28. Following the completion of the sale, the chief financial officer now owns 37,405 shares of the company’s stock, valued at $6,172,199.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director J Kenneth Thompson sold 8,400 shares of Tetra Tech stock in a transaction on Monday, February 5th. The shares were sold at an average price of $165.00, for a total value of $1,386,000.00. Following the sale, the director now directly owns 14,485 shares of the company’s stock, valued at approximately $2,390,025. The disclosure for this sale can be found here. Insiders sold a total of 32,123 shares of company stock valued at $5,487,673 over the last quarter. Company insiders own 0.61% of the company’s stock.

Tetra Tech Stock Performance

Shares of Tetra Tech stock opened at $192.50 on Friday. The stock has a market cap of $10.30 billion, a PE ratio of 44.56 and a beta of 0.96. The business has a fifty day simple moving average of $184.55 and a 200-day simple moving average of $170.37. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.61. Tetra Tech, Inc. has a 12 month low of $132.29 and a 12 month high of $194.99.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.35 by $0.05. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $974.00 million. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. During the same quarter last year, the firm posted $1.34 earnings per share. On average, sell-side analysts anticipate that Tetra Tech, Inc. will post 6.07 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Wednesday, February 14th were given a $0.26 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $1.04 annualized dividend and a dividend yield of 0.54%. Tetra Tech’s dividend payout ratio (DPR) is presently 24.07%.

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.