Vanguard Group Inc. Has $1.03 Billion Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Vanguard Group Inc. boosted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,912,103 shares of the industrial products company’s stock after purchasing an additional 127,757 shares during the quarter. Vanguard Group Inc. owned about 9.67% of Tetra Tech worth $1,032,338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TTEK. Intech Investment Management LLC grew its stake in Tetra Tech by 65.9% in the 3rd quarter. Intech Investment Management LLC now owns 13,407 shares of the industrial products company’s stock valued at $632,000 after buying an additional 5,324 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Tetra Tech by 151.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 14,989 shares of the industrial products company’s stock worth $707,000 after acquiring an additional 9,027 shares during the period. Brown Brothers Harriman & Co. grew its position in shares of Tetra Tech by 400.0% in the third quarter. Brown Brothers Harriman & Co. now owns 1,080 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 864 shares during the last quarter. Private Trust Co. NA lifted its holdings in Tetra Tech by 398.0% during the 3rd quarter. Private Trust Co. NA now owns 1,250 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 999 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Tetra Tech by 376.5% in the 3rd quarter. Bank of Montreal Can now owns 176,550 shares of the industrial products company’s stock valued at $8,192,000 after purchasing an additional 139,501 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. KeyCorp lowered their price objective on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Maxim Group lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.92.

Insider Transactions at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the sale, the director now directly owns 60,196 shares of the company’s stock, valued at approximately $2,066,528.68. The trade was a 14.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by insiders.

Tetra Tech Stock Down 1.2 %

TTEK stock opened at $29.15 on Friday. The company has a market cap of $7.81 billion, a PE ratio of 30.62 and a beta of 0.93. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a 52 week low of $28.17 and a 52 week high of $51.20. The business has a 50-day simple moving average of $32.13 and a 200 day simple moving average of $40.21.

Tetra Tech (NASDAQ:TTEK) last issued 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%. Sell-side analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $0.058 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.80%. Tetra Tech’s payout ratio is 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.