Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 53.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,150 shares of the industrial products company’s stock after buying an additional 13,606 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Tetra Tech were worth $1,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of TTEK. Allworth Financial LP grew its stake in Tetra Tech by 629.3% during the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 472 shares in the last quarter. LGT Financial Advisors LLC grew its stake in Tetra Tech by 400.0% during the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 444 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Tetra Tech by 3,261.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 587 shares in the last quarter. Canton Hathaway LLC grew its stake in Tetra Tech by 400.0% during the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 516 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its stake in Tetra Tech by 400.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 556 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Stock Up 0.4 %

Shares of NASDAQ TTEK opened at $30.14 on Wednesday. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of 31.66 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The business has a 50-day moving average of $37.27 and a two-hundred day moving average of $42.94. Tetra Tech, Inc. has a 1 year low of $29.23 and a 1 year high of $51.20.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. On average, analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

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

Analyst Ratings Changes

TTEK has been the subject of several analyst reports. Robert W. Baird boosted their target price on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Maxim Group downgraded Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. KeyCorp decreased their price target on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Royal Bank of Canada set a $49.00 price target on Tetra Tech in a report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.92.

Insider Activity

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total transaction of $347,282.28. Following the completion of the sale, the director now directly owns 60,196 shares of the company’s stock, valued at $2,066,528.68. This represents a 14.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.40% of the company’s stock.

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.