Osprey Private Wealth LLC Purchases 525 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Osprey Private Wealth LLC boosted its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 170,850 shares of the industrial products company’s stock after acquiring an additional 525 shares during the quarter. Tetra Tech makes up approximately 4.8% of Osprey Private Wealth LLC’s investment portfolio, making the stock its 6th largest holding. Osprey Private Wealth LLC’s holdings in Tetra Tech were worth $6,807,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTEK. Sarasin & Partners LLP boosted its holdings in Tetra Tech by 330.9% in the 3rd quarter. Sarasin & Partners LLP now owns 4,950,383 shares of the industrial products company’s stock valued at $233,460,000 after purchasing an additional 3,801,435 shares during the period. Geode Capital Management LLC boosted its holdings in Tetra Tech by 406.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company’s stock valued at $222,466,000 after purchasing an additional 3,785,189 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Tetra Tech by 387.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,299,418 shares of the industrial products company’s stock valued at $155,601,000 after purchasing an additional 2,622,288 shares during the period. abrdn plc boosted its holdings in Tetra Tech by 353.0% in the 3rd quarter. abrdn plc now owns 2,110,076 shares of the industrial products company’s stock valued at $98,477,000 after purchasing an additional 1,644,267 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Tetra Tech by 357.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company’s stock worth $97,644,000 after acquiring an additional 1,618,211 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Robert W. Baird lifted their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. KeyCorp cut their price target on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Tetra Tech in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $48.52.

Tetra Tech Trading Up 1.0 %

TTEK opened at $34.54 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $9.26 billion, a PE ratio of 36.28 and a beta of 0.89. Tetra Tech, Inc. has a 1-year low of $31.09 and a 1-year high of $51.20. The firm has a 50-day moving average price of $40.46 and a two-hundred day moving average price of $44.11.

Tetra Tech (NASDAQ:TTEK) last issued 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 net margin of 4.81% and a return on equity of 22.58%. As a group, equities analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Wednesday, February 12th. Tetra Tech’s dividend payout ratio is currently 24.16%.

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.