HighTower Advisors LLC Has $5.66 Million Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

HighTower Advisors LLC boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 14.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 142,065 shares of the industrial products company’s stock after buying an additional 17,658 shares during the period. HighTower Advisors LLC’s holdings in Tetra Tech were worth $5,660,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Tetra Tech by 0.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company’s stock worth $2,172,000 after buying an additional 400 shares in the last quarter. Nordea Investment Management AB raised its stake in Tetra Tech by 0.9% in the 4th quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company’s stock worth $1,809,000 after purchasing an additional 411 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Tetra Tech by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company’s stock valued at $331,000 after purchasing an additional 438 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Tetra Tech by 98.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 495 shares during the period. Finally, Canton Hathaway LLC raised its position in shares of Tetra Tech by 400.0% in the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock valued at $30,000 after buying an additional 516 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a research report on Friday, January 31st. KeyCorp dropped their price target on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Finally, Maxim Group downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.92.

Insider Transactions at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech 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 sale, the director now directly owns 60,196 shares in the company, valued at $2,066,528.68. This trade represents a 14.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.40% of the company’s stock.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $30.35 on Thursday. Tetra Tech, Inc. has a twelve month low of $28.17 and a twelve month high of $51.20. 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 stock’s 50-day simple moving average is $34.05 and its 200 day simple moving average is $41.17. The firm has a market capitalization of $8.13 billion, a PE ratio of 31.88 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Wednesday, February 12th. 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.