Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by Gitterman Wealth Management LLC

Gitterman Wealth Management LLC lifted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 15.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,659 shares of the industrial products company’s stock after acquiring an additional 223 shares during the period. Gitterman Wealth Management LLC’s holdings in Tetra Tech were worth $277,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Bahl & Gaynor Inc. grew its position in shares of Tetra Tech by 1.3% during the fourth quarter. Bahl & Gaynor Inc. now owns 38,346 shares of the industrial products company’s stock worth $6,401,000 after acquiring an additional 481 shares during the last quarter. Semanteon Capital Management LP bought a new position in shares of Tetra Tech during the fourth quarter worth about $696,000. GAMMA Investing LLC bought a new position in shares of Tetra Tech during the fourth quarter worth about $38,000. Duality Advisers LP grew its position in shares of Tetra Tech by 5.2% during the fourth quarter. Duality Advisers LP now owns 4,505 shares of the industrial products company’s stock worth $752,000 after acquiring an additional 221 shares during the last quarter. Finally, Cetera Trust Company N.A bought a new position in shares of Tetra Tech during the fourth quarter worth about $291,000. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Price Performance

TTEK traded down $0.42 on Friday, reaching $192.50. The company had a trading volume of 225,075 shares, compared to its average volume of 278,047. The company has a fifty day moving average of $184.55 and a 200-day moving average of $170.44. The company has a market capitalization of $10.30 billion, a P/E ratio of 44.56 and a beta of 0.96. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61. Tetra Tech, Inc. has a one year low of $132.29 and a one year high of $194.99.

Tetra Tech (NASDAQ:TTEK) last announced its 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. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $974.00 million. During the same quarter in the prior year, the firm posted $1.34 EPS. As a group, equities research analysts anticipate that Tetra Tech, Inc. will post 6.07 earnings per share for the current year.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, February 13th. This represents a $1.04 annualized dividend and a dividend yield of 0.54%. Tetra Tech’s dividend payout ratio (DPR) is 24.07%.

Insider Activity

In other news, SVP Brian N. Carter sold 5,580 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $176.52, for a total transaction of $984,981.60. Following the completion of the transaction, the senior vice president now owns 8,360 shares in the company, valued at approximately $1,475,707.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Tetra Tech news, SVP Brian N. Carter sold 5,580 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $176.52, for a total transaction of $984,981.60. Following the completion of the sale, the senior vice president now directly owns 8,360 shares of the company’s stock, valued at $1,475,707.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director J Kenneth Thompson sold 3,500 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $177.24, for a total transaction of $620,340.00. Following the sale, the director now directly owns 10,985 shares of the company’s stock, valued at $1,946,981.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,123 shares of company stock worth $5,487,673. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TTEK. KeyCorp started coverage on shares of Tetra Tech in a research report on Wednesday, January 10th. They set an “overweight” rating and a $191.00 price target for the company. Royal Bank of Canada increased their target price on shares of Tetra Tech from $192.00 to $203.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $197.25.

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.