Tetra Tech, Inc. (NASDAQ:TTEK) Holdings Raised by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 135.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 219,812 shares of the industrial products company’s stock after buying an additional 126,424 shares during the period. Victory Capital Management Inc. owned about 0.08% of Tetra Tech worth $8,757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TTEK. Patten Group Inc. acquired a new position in Tetra Tech during the fourth quarter valued at approximately $851,000. Nicola Wealth Management LTD. raised its stake in shares of Tetra Tech by 36.8% in the fourth quarter. Nicola Wealth Management LTD. now owns 65,000 shares of the industrial products company’s stock valued at $2,590,000 after purchasing an additional 17,500 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Tetra Tech by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,081,839 shares of the industrial products company’s stock valued at $82,940,000 after acquiring an additional 11,356 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Tetra Tech by 98.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 495 shares during the period. Finally, VELA Investment Management LLC raised its stake in Tetra Tech by 6.9% during the fourth quarter. VELA Investment Management LLC now owns 62,538 shares of the industrial products company’s stock worth $2,492,000 after acquiring an additional 4,028 shares in the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $28.69 on Friday. Tetra Tech, Inc. has a 1-year low of $28.17 and a 1-year high of $51.20. The stock has a market cap of $7.69 billion, a P/E ratio of 30.14 and a beta of 0.93. The stock has a 50 day simple moving average of $34.90 and a 200 day simple moving average of $41.67. 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 (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, beating 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%. Research analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech’s payout ratio is 24.21%.

Insider Buying and Selling at Tetra Tech

In other news, Director Kirsten M. Volpi sold 10,116 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 60,196 shares of the company’s stock, valued at $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

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

Tetra Tech Company 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.