1,447 Shares in Tetra Tech, Inc. (NASDAQ:TTEK) Bought by Private Advisor Group LLC

Private Advisor Group LLC acquired a new stake in Tetra Tech, Inc. (NASDAQ:TTEKFree Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,447 shares of the industrial products company’s stock, valued at approximately $220,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Tetra Tech by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 5,303,607 shares of the industrial products company’s stock valued at $874,777,000 after acquiring an additional 61,906 shares during the last quarter. State Street Corp grew its stake in Tetra Tech by 1.9% in the 1st quarter. State Street Corp now owns 1,707,196 shares of the industrial products company’s stock valued at $281,585,000 after acquiring an additional 31,942 shares during the last quarter. Sarasin & Partners LLP grew its stake in Tetra Tech by 12.6% in the 3rd quarter. Sarasin & Partners LLP now owns 1,032,879 shares of the industrial products company’s stock valued at $157,029,000 after acquiring an additional 115,765 shares during the last quarter. abrdn plc grew its stake in Tetra Tech by 16.5% in the 2nd quarter. abrdn plc now owns 945,428 shares of the industrial products company’s stock valued at $154,804,000 after acquiring an additional 133,793 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Tetra Tech by 7.5% during the 1st quarter. Invesco Ltd. now owns 917,617 shares of the industrial products company’s stock worth $151,353,000 after purchasing an additional 64,168 shares during the last quarter. 87.95% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Trading Up 2.4 %

NASDAQ TTEK opened at $174.38 on Thursday. Tetra Tech, Inc. has a one year low of $131.19 and a one year high of $174.82. The company’s 50 day moving average price is $164.71 and its 200 day moving average price is $161.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.12 and a current ratio of 1.25. The firm has a market capitalization of $9.32 billion, a price-to-earnings ratio of 40.37 and a beta of 0.95.

Tetra Tech (NASDAQ:TTEKGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.40 EPS for the quarter, beating 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 firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $974.00 million. During the same quarter last year, the firm posted $1.34 earnings per share. On average, sell-side analysts predict that Tetra Tech, Inc. will post 6.07 EPS for the current year.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, February 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.60%. Tetra Tech’s dividend payout ratio is currently 24.07%.

Analyst Ratings Changes

TTEK has been the topic of several analyst reports. KeyCorp initiated coverage on shares of Tetra Tech in a research note on Wednesday, January 10th. They set an “overweight” rating and a $191.00 price target on the stock. Robert W. Baird raised their price target on shares of Tetra Tech from $172.00 to $180.00 and gave the stock a “neutral” rating in a research note on Thursday, November 16th. Finally, Royal Bank of Canada raised their price target on shares of Tetra Tech from $192.00 to $203.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $197.25.

Get Our Latest Stock Analysis on Tetra Tech

Insider Activity

In other news, CEO Dan L. Batrack sold 22,000 shares of Tetra Tech stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $161.51, for a total transaction of $3,553,220.00. Following the sale, the chief executive officer now owns 48,566 shares in the company, valued at $7,843,894.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Steven M. Burdick sold 7,128 shares of Tetra Tech stock in a transaction on Monday, February 5th. The shares were sold at an average price of $165.01, for a total value of $1,176,191.28. Following the completion of the sale, the chief financial officer now owns 37,405 shares in the company, valued at $6,172,199.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dan L. Batrack sold 22,000 shares of Tetra Tech stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $161.51, for a total transaction of $3,553,220.00. Following the completion of the sale, the chief executive officer now owns 48,566 shares of the company’s stock, valued at approximately $7,843,894.66. The disclosure for this sale can be found here. Insiders have sold 47,760 shares of company stock worth $7,794,178 over the last 90 days. Company insiders own 0.61% of the company’s stock.

Tetra Tech Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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