Osprey Private Wealth LLC Has $6.81 Million Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

Osprey Private Wealth LLC increased its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,850 shares of the industrial products company’s stock after acquiring an additional 525 shares during the period. Tetra Tech makes up approximately 4.8% of Osprey Private Wealth LLC’s investment portfolio, making the stock its 6th biggest position. Osprey Private Wealth LLC owned approximately 0.06% of Tetra Tech worth $6,807,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TTEK. Nordea Investment Management AB lifted its stake in Tetra Tech by 0.9% during the fourth quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company’s stock valued at $1,809,000 after purchasing an additional 411 shares during the last quarter. LGT Financial Advisors LLC lifted its position in shares of Tetra Tech by 400.0% in the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 444 shares in the last quarter. Allworth Financial LP lifted its position in shares of Tetra Tech by 629.3% in the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 472 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Tetra Tech by 14.1% in the 2nd quarter. AQR Capital Management LLC now owns 4,056 shares of the industrial products company’s stock valued at $829,000 after acquiring an additional 502 shares in the last quarter. Finally, Canton Hathaway LLC lifted its position in shares of Tetra Tech by 400.0% in the 3rd 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. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Stock Performance

Shares of TTEK opened at $34.54 on Wednesday. The company’s fifty day moving average is $40.46 and its 200-day moving average is $44.11. Tetra Tech, Inc. has a 12 month low of $31.09 and a 12 month high of $51.20. The firm has a market cap of $9.26 billion, a price-to-earnings ratio of 36.28 and a beta of 0.89. The company has a quick ratio of 1.25, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS 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%. Equities analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.058 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.67%. Tetra Tech’s dividend payout ratio (DPR) is 24.16%.

Wall Street Analyst Weigh In

Several brokerages recently commented on TTEK. Robert W. Baird upped their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price target on shares of Tetra Tech in a research report on Friday, November 15th. StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, KeyCorp cut 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 report on Friday, January 31st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $48.52.

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.