CANADA LIFE ASSURANCE Co Has $6.74 Million Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

CANADA LIFE ASSURANCE Co raised its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 17.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,463 shares of the industrial products company’s stock after buying an additional 5,332 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.07% of Tetra Tech worth $6,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TTEK. Retirement Systems of Alabama increased its position in Tetra Tech by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 77,406 shares of the industrial products company’s stock valued at $12,921,000 after acquiring an additional 205 shares in the last quarter. WCM Investment Management LLC raised its position in Tetra Tech by 2.5% in the 4th quarter. WCM Investment Management LLC now owns 339,938 shares of the industrial products company’s stock worth $57,127,000 after purchasing an additional 8,394 shares during the last quarter. Jump Financial LLC raised its position in Tetra Tech by 743.1% in the 4th quarter. Jump Financial LLC now owns 22,232 shares of the industrial products company’s stock worth $3,711,000 after purchasing an additional 19,595 shares during the last quarter. Spire Wealth Management lifted its holdings in Tetra Tech by 1,054.4% during the 4th quarter. Spire Wealth Management now owns 22,650 shares of the industrial products company’s stock worth $3,706,000 after buying an additional 20,688 shares in the last quarter. Finally, Natixis Advisors L.P. acquired a new stake in shares of Tetra Tech in the 4th quarter valued at $1,821,000. Institutional investors own 93.89% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Leslie L. Shoemaker sold 11,161 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $211.83, for a total value of $2,364,234.63. Following the completion of the sale, the executive vice president now directly owns 74,887 shares in the company, valued at $15,863,313.21. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.61% of the company’s stock.

Tetra Tech Stock Up 1.1 %

TTEK opened at $210.55 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.60. The stock’s fifty day simple moving average is $208.06 and its 200 day simple moving average is $191.81. Tetra Tech, Inc. has a 1-year low of $143.35 and a 1-year high of $221.40. The stock has a market cap of $11.26 billion, a PE ratio of 42.62 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, May 1st. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Tetra Tech had a net margin of 5.36% and a return on equity of 21.16%. Tetra Tech’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.17 EPS. As a group, research analysts expect that Tetra Tech, Inc. will post 6.22 earnings per share for the current year.

Tetra Tech Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.16 dividend on an annualized basis and a yield of 0.55%. This is an increase from Tetra Tech’s previous quarterly dividend of $0.26. Tetra Tech’s payout ratio is currently 23.48%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TTEK. Royal Bank of Canada reiterated an “outperform” rating and issued a $233.00 price target on shares of Tetra Tech in a report on Tuesday, July 9th. Robert W. Baird upped their price objective on Tetra Tech from $200.00 to $223.00 and gave the company a “neutral” rating in a report on Wednesday, May 15th. KeyCorp raised their target price on Tetra Tech from $231.00 to $234.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Maxim Group upped their price target on Tetra Tech from $234.00 to $268.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Finally, StockNews.com lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Tetra Tech has a consensus rating of “Moderate Buy” and an average target price of $236.60.

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.