Semanteon Capital Management LP Makes New Investment in Tetra Tech, Inc. (NASDAQ:TTEK)

Semanteon Capital Management LP bought a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,168 shares of the industrial products company’s stock, valued at approximately $696,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TTEK. Contravisory Investment Management Inc. bought a new stake in shares of Tetra Tech in the 4th quarter valued at $26,000. Millburn Ridgefield Corp purchased a new position in Tetra Tech during the third quarter worth about $37,000. GAMMA Investing LLC bought a new stake in Tetra Tech in the 4th quarter worth about $38,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Tetra Tech in the 4th quarter worth approximately $89,000. Finally, Fifth Third Bancorp grew its holdings in shares of Tetra Tech by 39.1% in the third quarter. Fifth Third Bancorp now owns 718 shares of the industrial products company’s stock valued at $109,000 after acquiring an additional 202 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TTEK has been the topic of several research analyst reports. Royal Bank of Canada boosted their price objective on Tetra Tech from $192.00 to $203.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. KeyCorp began coverage on Tetra Tech in a research note on Wednesday, January 10th. They set an “overweight” rating and a $191.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $197.25.

Insider Activity at Tetra Tech

In related news, CFO Steven M. Burdick sold 7,128 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $165.01, for a total transaction of $1,176,191.28. Following the transaction, the chief financial officer now directly owns 37,405 shares of the company’s stock, valued at approximately $6,172,199.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Tetra Tech news, Director J Kenneth Thompson sold 8,400 shares of Tetra Tech stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $165.00, for a total value of $1,386,000.00. Following the transaction, the director now directly owns 14,485 shares of the company’s stock, valued at approximately $2,390,025. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven M. Burdick sold 7,128 shares of Tetra Tech stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $165.01, for a total value of $1,176,191.28. Following the completion of the transaction, the chief financial officer now directly owns 37,405 shares in the company, valued at $6,172,199.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,123 shares of company stock valued at $5,487,673. Corporate insiders own 0.61% of the company’s stock.

Tetra Tech Price Performance

NASDAQ TTEK traded down $0.42 during trading hours on Friday, hitting $192.50. The company had a trading volume of 225,075 shares, compared to its average volume of 260,473. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 44.56 and a beta of 0.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50 day simple moving average of $184.29 and a 200 day simple moving average of $170.13. Tetra Tech, Inc. has a 52 week low of $132.29 and a 52 week high of $194.99.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $974.00 million. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. During the same quarter last year, the company posted $1.34 EPS. Equities research analysts expect that Tetra Tech, Inc. will post 6.07 earnings per share for the current year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Wednesday, February 14th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.54%. Tetra Tech’s dividend payout ratio is 24.07%.

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.