Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 53.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 39,150 shares of the industrial products company’s stock after acquiring an additional 13,606 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Tetra Tech were worth $1,560,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TTEK. Geode Capital Management LLC grew its holdings in shares of 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 worth $222,466,000 after acquiring an additional 3,785,189 shares during the period. abrdn plc grew its holdings in shares of Tetra Tech by 353.0% in the 3rd quarter. abrdn plc now owns 2,110,076 shares of the industrial products company’s stock worth $98,477,000 after acquiring an additional 1,644,267 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Tetra Tech by 357.8% in 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. Premier Fund Managers Ltd grew its holdings in shares of Tetra Tech by 400.0% in the 3rd quarter. Premier Fund Managers Ltd now owns 1,500,000 shares of the industrial products company’s stock worth $69,615,000 after acquiring an additional 1,200,000 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc grew its holdings in Tetra Tech by 337.0% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,466,385 shares of the industrial products company’s stock valued at $69,081,000 after buying an additional 1,130,842 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Buying and Selling

In related news, Director Kirsten M. Volpi sold 10,116 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of the sale, the director now directly owns 60,196 shares in the company, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TTEK shares. KeyCorp lowered their target price on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Robert W. Baird increased their target price on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Royal Bank of Canada set a $49.00 target price on Tetra Tech in a report on Friday, January 31st. Finally, Maxim Group cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.92.

Tetra Tech Trading Up 0.4 %

Shares of Tetra Tech stock opened at $30.14 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The firm has a market cap of $8.08 billion, a PE ratio of 31.66 and a beta of 0.89. The business’s fifty day moving average is $37.27 and its two-hundred day moving average is $42.94. Tetra Tech, Inc. has a fifty-two week low of $29.23 and a fifty-two week high of $51.20.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. Analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a $0.058 dividend. This represents a $0.23 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Wednesday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is currently 24.21%.

Tetra Tech 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.