Advisors Asset Management Inc. Buys 14,132 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Advisors Asset Management Inc. increased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 16.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,306 shares of the industrial products company’s stock after acquiring an additional 14,132 shares during the quarter. Advisors Asset Management Inc.’s holdings in Tetra Tech were worth $3,917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. New England Research & Management Inc. bought a new position in shares of Tetra Tech in the fourth quarter valued at $596,000. Nicola Wealth Management LTD. lifted its stake in shares of Tetra Tech by 36.8% in the fourth quarter. Nicola Wealth Management LTD. now owns 65,000 shares of the industrial products company’s stock valued at $2,590,000 after buying an additional 17,500 shares in the last quarter. Lecap Asset Management Ltd. lifted its stake in shares of Tetra Tech by 71.3% in the fourth quarter. Lecap Asset Management Ltd. now owns 44,769 shares of the industrial products company’s stock valued at $1,784,000 after buying an additional 18,635 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in shares of Tetra Tech by 53.3% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 39,150 shares of the industrial products company’s stock valued at $1,560,000 after buying an additional 13,606 shares in the last quarter. Finally, Perpetual Ltd lifted its stake in shares of Tetra Tech by 9.6% in the fourth quarter. Perpetual Ltd now owns 215,042 shares of the industrial products company’s stock valued at $8,567,000 after buying an additional 18,842 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Kirsten M. Volpi sold 10,116 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were 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 owns 60,196 shares in the company, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.40% of the stock is currently owned by corporate insiders.

Tetra Tech Stock Performance

Shares of TTEK stock opened at $29.26 on Friday. The firm has a 50-day moving average of $33.65 and a 200-day moving average of $40.93. The company has a market cap of $7.84 billion, a P/E ratio of 30.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. Tetra Tech, Inc. has a one year low of $28.17 and a one year high of $51.20.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating 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 fiscal year.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $0.058 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a yield of 0.79%. Tetra Tech’s dividend payout ratio (DPR) is presently 24.21%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TTEK. Maxim Group lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a research note on Friday, January 31st. Finally, KeyCorp lowered 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Tetra Tech currently has an average rating of “Moderate Buy” and a consensus target price of $47.92.

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.