Gitterman Wealth Management LLC Purchases 1,911 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Gitterman Wealth Management LLC raised its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 24.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,880 shares of the industrial products company’s stock after acquiring an additional 1,911 shares during the period. Gitterman Wealth Management LLC’s holdings in Tetra Tech were worth $394,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Venturi Wealth Management LLC lifted its stake in Tetra Tech by 3,261.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 587 shares in the last quarter. Canton Hathaway LLC lifted its stake in Tetra Tech by 400.0% during the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 516 shares in the last quarter. Banque Cantonale Vaudoise lifted its stake in Tetra Tech by 400.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 556 shares in the last quarter. Millburn Ridgefield Corp lifted its stake in Tetra Tech by 346.9% during the 3rd quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 621 shares in the last quarter. Finally, R Squared Ltd bought a new position in Tetra Tech during the 4th quarter valued at $39,000. 93.89% of the stock is currently owned by institutional investors.

Insider Activity

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

Tetra Tech Trading Up 1.5 %

Shares of Tetra Tech stock opened at $29.12 on Friday. Tetra Tech, Inc. has a 52-week low of $28.17 and a 52-week high of $51.20. The stock’s 50-day simple moving average is $34.45 and its 200 day simple moving average is $41.42. The stock has a market capitalization of $7.81 billion, a P/E ratio of 30.59 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. As a group, research analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech’s dividend payout ratio is currently 24.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a report on Friday, January 31st. Maxim Group downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, KeyCorp cut their price target on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tetra Tech currently has an average rating of “Moderate Buy” and an average 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.