Andina Capital Management LLC Purchases New Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Andina Capital Management LLC bought a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,560 shares of the industrial products company’s stock, valued at approximately $260,000.

Other hedge funds have also bought and sold shares of the company. AtonRa Partners increased its stake in shares of Tetra Tech by 1.9% during the fourth quarter. AtonRa Partners now owns 3,454 shares of the industrial products company’s stock worth $577,000 after purchasing an additional 65 shares during the period. Arkadios Wealth Advisors lifted its holdings in shares of Tetra Tech by 2.5% during the fourth quarter. Arkadios Wealth Advisors now owns 3,060 shares of the industrial products company’s stock worth $511,000 after buying an additional 74 shares in the last quarter. Guinness Asset Management LTD boosted its position in shares of Tetra Tech by 2.6% in the third quarter. Guinness Asset Management LTD now owns 3,332 shares of the industrial products company’s stock valued at $507,000 after acquiring an additional 83 shares during the period. Hunter Associates Investment Management LLC grew its stake in shares of Tetra Tech by 2.0% in the third quarter. Hunter Associates Investment Management LLC now owns 4,320 shares of the industrial products company’s stock valued at $654,000 after acquiring an additional 86 shares in the last quarter. Finally, State of Michigan Retirement System increased its position in Tetra Tech by 0.8% during the fourth quarter. State of Michigan Retirement System now owns 12,808 shares of the industrial products company’s stock worth $2,138,000 after acquiring an additional 100 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Trading Down 0.9 %

TTEK stock traded down $1.80 during midday trading on Wednesday, hitting $192.92. The stock had a trading volume of 183,709 shares, compared to its average volume of 262,755. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61. The firm has a market cap of $10.32 billion, a P/E ratio of 45.07 and a beta of 0.96. The business has a fifty day moving average price of $185.18 and a two-hundred day moving average price of $170.94. Tetra Tech, Inc. has a 1-year low of $132.29 and a 1-year high of $196.48.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.05. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $974.00 million. During the same period in the prior year, the firm earned $1.34 earnings per share. On average, sell-side analysts predict that Tetra Tech, Inc. will post 6.07 earnings per share for the current fiscal year.

Insider Transactions at Tetra Tech

In other news, Director J Kenneth Thompson sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $177.24, for a total value of $620,340.00. Following the completion of the transaction, the director now directly owns 10,985 shares of the company’s stock, valued at $1,946,981.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Steven M. Burdick sold 7,128 shares of the company’s stock in a transaction dated 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 approximately $6,172,199.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Kenneth Thompson sold 3,500 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $177.24, for a total transaction of $620,340.00. Following the completion of 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. Insiders sold a total of 32,123 shares of company stock valued at $5,487,673 over the last ninety days. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on Tetra Tech from $192.00 to $203.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Maxim Group increased their price objective on shares of Tetra Tech from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, KeyCorp initiated coverage on shares of Tetra Tech in a research report on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $201.00.

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.