Catalyst Capital Advisors LLC lifted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,225 shares of the industrial products company’s stock after acquiring an additional 1,754 shares during the quarter. Catalyst Capital Advisors LLC owned 0.08% of Tetra Tech worth $2,151,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of Tetra Tech by 101.6% during the 3rd quarter. SG Americas Securities LLC now owns 27,842 shares of the industrial products company’s stock worth $1,296,000 after purchasing an additional 14,032 shares during the last quarter. Rhumbline Advisers raised its position in shares of Tetra Tech by 1.5% during the 3rd quarter. Rhumbline Advisers now owns 122,479 shares of the industrial products company’s stock worth $5,701,000 after purchasing an additional 1,820 shares during the last quarter. Advisor Group Inc. raised its position in shares of Tetra Tech by 42.3% during the 3rd quarter. Advisor Group Inc. now owns 4,666 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 1,387 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Tetra Tech by 36.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 29,410 shares of the industrial products company’s stock worth $1,369,000 after purchasing an additional 7,920 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Tetra Tech by 33.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 35,473 shares of the industrial products company’s stock worth $1,651,000 after purchasing an additional 8,924 shares during the last quarter. 85.84% of the stock is currently owned by institutional investors and hedge funds.
Tetra Tech, Inc. (NASDAQ:TTEK) traded up $0.60 during mid-day trading on Tuesday, hitting $48.55. The stock had a trading volume of 223,600 shares, compared to its average volume of 345,237. The firm has a market cap of $2,730.00, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 1.53 and a beta of 1.08. The company has a current ratio of 1.94, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. Tetra Tech, Inc. has a 1-year low of $38.85 and a 1-year high of $50.15.
Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $533.00 million during the quarter, compared to the consensus estimate of $517.90 million. Tetra Tech had a return on equity of 13.60% and a net margin of 4.28%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 EPS. equities analysts forecast that Tetra Tech, Inc. will post 2.32 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.82%. Tetra Tech’s payout ratio is 19.61%.
In other news, EVP Ronald J. Chu sold 42,395 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $50.00, for a total transaction of $2,119,750.00. Following the completion of the sale, the executive vice president now directly owns 58,624 shares in the company, valued at approximately $2,931,200. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ronald J. Chu sold 696 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $50.00, for a total value of $34,800.00. Following the sale, the insider now owns 37,800 shares of the company’s stock, valued at $1,890,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,203 shares of company stock valued at $2,860,150. Insiders own 4.00% of the company’s stock.
Several research analysts recently issued reports on the company. Roth Capital set a $52.00 price objective on Tetra Tech and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded Tetra Tech from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Robert W. Baird boosted their price target on Tetra Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Boenning Scattergood reiterated a “buy” rating and issued a $54.00 price target on shares of Tetra Tech in a report on Thursday, November 9th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $47.00 price target on shares of Tetra Tech in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Tetra Tech currently has a consensus rating of “Hold” and a consensus price target of $52.29.
About Tetra Tech
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.
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