Landscape Capital Management L.L.C. Buys 11,746 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Landscape Capital Management L.L.C. grew its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 92.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 24,470 shares of the industrial products company’s stock after acquiring an additional 11,746 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Tetra Tech were worth $975,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. R Squared Ltd bought a new stake in Tetra Tech during the fourth quarter worth about $39,000. Asset Planning Inc bought a new stake in shares of Tetra Tech during the 4th quarter worth approximately $40,000. Jones Financial Companies Lllp boosted its position in shares of Tetra Tech by 98.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 495 shares in the last quarter. Blue Trust Inc. increased its stake in Tetra Tech by 235.8% in the fourth quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 1,014 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in Tetra Tech during the fourth quarter worth $63,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

Shares of TTEK stock opened at $29.10 on Friday. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 30.57 and a beta of 0.93. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The business’s 50-day moving average price is $31.02 and its 200-day moving average price is $39.63. Tetra Tech, Inc. has a 12 month low of $28.17 and a 12 month high of $51.20.

Tetra Tech (NASDAQ:TTEK) last posted its 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 research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech’s payout ratio is presently 24.21%.

Insider Buying and Selling at Tetra Tech

In other news, Director Kirsten M. Volpi sold 10,116 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TTEK shares. Maxim Group cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. KeyCorp dropped their target price on shares of 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 shares of Tetra Tech in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.92.

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.