Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC boosted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 11.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,025 shares of the industrial products company’s stock after purchasing an additional 850 shares during the quarter. Radnor Capital Management LLC’s holdings in Tetra Tech were worth $320,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Define Financial LLC acquired a new position in Tetra Tech during the 4th quarter valued at approximately $412,000. Harbor Capital Advisors Inc. boosted its position in Tetra Tech by 1.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 37,078 shares of the industrial products company’s stock valued at $1,477,000 after purchasing an additional 648 shares during the period. Nordea Investment Management AB boosted its position in Tetra Tech by 0.9% during the 4th quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company’s stock worth $1,809,000 after acquiring an additional 411 shares during the period. Principal Financial Group Inc. boosted its position in Tetra Tech by 279.4% during the 3rd quarter. Principal Financial Group Inc. now owns 754,702 shares of the industrial products company’s stock worth $35,592,000 after acquiring an additional 555,789 shares during the period. Finally, Retirement Systems of Alabama boosted its position in Tetra Tech by 393.4% during the 3rd quarter. Retirement Systems of Alabama now owns 390,476 shares of the industrial products company’s stock worth $18,415,000 after acquiring an additional 311,338 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Robert W. Baird boosted their price target on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. KeyCorp reduced their price target on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price target on shares of Tetra Tech in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.32.

Tetra Tech Stock Up 0.2 %

TTEK opened at $41.88 on Thursday. Tetra Tech, Inc. has a one year low of $31.61 and a one year high of $51.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s fifty day moving average is $41.67 and its 200-day moving average is $44.27. The company has a market capitalization of $11.21 billion, a PE ratio of 33.99 and a beta of 0.90.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, November 27th. Tetra Tech’s dividend payout ratio is presently 18.67%.

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.