Nicola Wealth Management LTD. Buys 17,500 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Nicola Wealth Management LTD. increased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 36.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 65,000 shares of the industrial products company’s stock after purchasing an additional 17,500 shares during the period. Nicola Wealth Management LTD.’s holdings in Tetra Tech were worth $2,590,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTEK. Geode Capital Management LLC grew its holdings in Tetra Tech by 406.6% during the third quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company’s stock worth $222,466,000 after purchasing an additional 3,785,189 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Tetra Tech by 357.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company’s stock worth $97,644,000 after purchasing an additional 1,618,211 shares during the period. Premier Fund Managers Ltd grew its holdings in Tetra Tech by 400.0% during the third quarter. Premier Fund Managers Ltd now owns 1,500,000 shares of the industrial products company’s stock worth $69,615,000 after purchasing an additional 1,200,000 shares during the period. AEGON ASSET MANAGEMENT UK Plc grew its holdings in Tetra Tech by 337.0% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,466,385 shares of the industrial products company’s stock worth $69,081,000 after purchasing an additional 1,130,842 shares during the period. Finally, WCM Investment Management LLC grew its holdings in Tetra Tech by 316.9% during the third quarter. WCM Investment Management LLC now owns 1,431,099 shares of the industrial products company’s stock worth $66,403,000 after purchasing an additional 1,087,819 shares during the period. Institutional investors own 93.89% of the company’s stock.

Insider Activity

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the completion of the transaction, the director now directly owns 60,196 shares in the company, valued at $2,066,528.68. The trade was a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TTEK has been the subject of a number of research analyst reports. KeyCorp reduced their price target on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 31st. StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Maxim Group downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Robert W. Baird raised their price objective on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a research report on Friday, January 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.92.

Tetra Tech Stock Down 3.2 %

NASDAQ TTEK opened at $28.26 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a 1-year low of $28.17 and a 1-year high of $51.20. The company has a 50 day moving average of $36.62 and a 200-day moving average of $42.60. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 29.68 and a beta of 0.89.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share 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%. On average, equities research analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $0.058 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.82%. Tetra Tech’s payout ratio is 24.21%.

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.