Gitterman Wealth Management LLC Buys 223 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Gitterman Wealth Management LLC raised its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 15.5% in the fourth quarter, Holdings Channel reports. The fund owned 1,659 shares of the industrial products company’s stock after acquiring an additional 223 shares during the period. Gitterman Wealth Management LLC’s holdings in Tetra Tech were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTEK. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Tetra Tech during the fourth quarter valued at $82,209,000. International Assets Investment Management LLC lifted its holdings in shares of Tetra Tech by 16,621.9% during the fourth quarter. International Assets Investment Management LLC now owns 221,064 shares of the industrial products company’s stock valued at $36,902,000 after acquiring an additional 219,742 shares during the period. Sarasin & Partners LLP lifted its holdings in shares of Tetra Tech by 18.3% during the fourth quarter. Sarasin & Partners LLP now owns 1,221,928 shares of the industrial products company’s stock valued at $203,976,000 after acquiring an additional 189,049 shares during the period. Bank of Nova Scotia bought a new position in shares of Tetra Tech during the third quarter valued at $23,934,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Tetra Tech by 2,283.4% during the third quarter. Janney Montgomery Scott LLC now owns 148,581 shares of the industrial products company’s stock valued at $22,589,000 after acquiring an additional 142,347 shares during the period. 93.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Royal Bank of Canada lifted their price objective on Tetra Tech from $192.00 to $203.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. KeyCorp started coverage on Tetra Tech in a report on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 price target for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.25.

Insider Buying and Selling

In related news, Director J Kenneth Thompson sold 3,500 shares of Tetra Tech stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $177.24, for a total value of $620,340.00. Following the completion of the sale, the director now directly owns 10,985 shares in the company, valued at $1,946,981.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Brian N. Carter sold 5,580 shares of Tetra Tech stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $176.52, for a total value of $984,981.60. Following the completion of the sale, the senior vice president now directly owns 8,360 shares in the company, valued at $1,475,707.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director J Kenneth Thompson sold 3,500 shares of Tetra Tech stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $177.24, for a total value of $620,340.00. Following the completion of the sale, the director now owns 10,985 shares of the company’s stock, valued at $1,946,981.40. The disclosure for this sale can be found here. Insiders sold a total of 32,123 shares of company stock worth $5,487,673 over the last three months. 0.61% of the stock is currently owned by company insiders.

Tetra Tech Price Performance

Shares of Tetra Tech stock traded down $0.42 during trading on Friday, reaching $192.50. The company’s stock had a trading volume of 225,075 shares, compared to its average volume of 278,047. The stock has a 50-day moving average price of $184.55 and a two-hundred day moving average price of $170.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61. Tetra Tech, Inc. has a one year low of $132.29 and a one year high of $194.99. The stock has a market capitalization of $10.30 billion, a P/E ratio of 44.56 and a beta of 0.96.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $974.00 million. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. During the same period in the previous year, the business posted $1.34 earnings per share. As a group, sell-side analysts anticipate that Tetra Tech, Inc. will post 6.07 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Wednesday, February 14th were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.04 dividend on an annualized basis and a yield of 0.54%. Tetra Tech’s payout ratio is 24.07%.

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.