Blueshift Asset Management LLC Buys New Shares in Tetra Tech, Inc. (NASDAQ:TTEK)

Blueshift Asset Management LLC bought a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,032 shares of the industrial products company’s stock, valued at approximately $599,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund raised its holdings in Tetra Tech by 0.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company’s stock valued at $2,172,000 after acquiring an additional 400 shares during the period. Nordea Investment Management AB raised its holdings 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 acquiring an additional 411 shares during the period. CIBC Asset Management Inc raised its holdings in Tetra Tech by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company’s stock valued at $331,000 after acquiring an additional 438 shares during the period. Farther Finance Advisors LLC raised its holdings in Tetra Tech by 13.0% during the fourth quarter. Farther Finance Advisors LLC now owns 4,009 shares of the industrial products company’s stock valued at $160,000 after acquiring an additional 461 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Tetra Tech by 98.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 495 shares during the period. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the business’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 transaction, the director now owns 60,196 shares in the company, valued at $2,066,528.68. The trade was a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TTEK. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a report on Friday, January 31st. KeyCorp decreased their price target on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, Maxim Group cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $47.92.

Tetra Tech Trading Down 3.6 %

Shares of TTEK stock opened at $29.26 on Friday. Tetra Tech, Inc. has a 12-month low of $28.17 and a 12-month high of $51.20. 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 stock’s 50-day moving average price is $33.65 and its 200-day moving average price is $40.93. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 30.74 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last released 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 return on equity of 22.58% and a net margin of 4.81%. Equities research analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $0.058 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 annualized dividend and a yield of 0.79%. Tetra Tech’s dividend payout ratio is currently 24.21%.

Tetra Tech Company 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.