Ellevest Inc. Boosts Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Ellevest Inc. increased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEKGet Rating) by 180.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 404 shares of the industrial products company’s stock after buying an additional 260 shares during the period. Ellevest Inc.’s holdings in Tetra Tech were worth $52,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates raised its position in Tetra Tech by 6.7% in the 1st quarter. Raymond James & Associates now owns 22,259 shares of the industrial products company’s stock valued at $3,671,000 after purchasing an additional 1,395 shares in the last quarter. American Century Companies Inc. raised its holdings in Tetra Tech by 20.0% in the first quarter. American Century Companies Inc. now owns 3,178 shares of the industrial products company’s stock valued at $524,000 after acquiring an additional 529 shares in the last quarter. US Bancorp DE lifted its stake in Tetra Tech by 4.2% in the first quarter. US Bancorp DE now owns 2,170 shares of the industrial products company’s stock worth $358,000 after acquiring an additional 87 shares during the last quarter. Cetera Advisor Networks LLC acquired a new position in Tetra Tech during the 1st quarter worth approximately $421,000. Finally, Bank of Montreal Can increased its position in shares of Tetra Tech by 8.2% in the 1st quarter. Bank of Montreal Can now owns 6,868 shares of the industrial products company’s stock valued at $1,163,000 after purchasing an additional 522 shares during the last quarter. 85.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Dan L. Batrack sold 30,000 shares of the company’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $153.63, for a total value of $4,608,900.00. Following the completion of the sale, the chief executive officer now owns 48,487 shares in the company, valued at approximately $7,449,057.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Dan L. Batrack sold 30,000 shares of the firm’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $153.63, for a total transaction of $4,608,900.00. Following the transaction, the chief executive officer now owns 48,487 shares of the company’s stock, valued at $7,449,057.81. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kirsten M. Volpi sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $154.61, for a total value of $108,227.00. Following the sale, the director now directly owns 12,603 shares of the company’s stock, valued at $1,948,549.83. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,580 shares of company stock valued at $9,093,178. 0.76% of the stock is currently owned by company insiders.

Tetra Tech Trading Up 3.7 %

Shares of Tetra Tech stock opened at $151.91 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $149.79 and a 200-day simple moving average of $142.57. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 31.19 and a beta of 0.93. Tetra Tech, Inc. has a 12-month low of $118.55 and a 12-month high of $169.95.

Tetra Tech (NASDAQ:TTEKGet Rating) last released its quarterly earnings data on Wednesday, November 9th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.09. Tetra Tech had a net margin of 7.51% and a return on equity of 20.02%. The company had revenue of $736.10 million during the quarter, compared to the consensus estimate of $712.86 million. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Tetra Tech’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities analysts forecast that Tetra Tech, Inc. will post 4.84 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Monday, November 21st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, November 18th. Tetra Tech’s dividend payout ratio is currently 18.89%.

Analysts Set New Price Targets

A number of brokerages recently commented on TTEK. Maxim Group boosted their target price on shares of Tetra Tech from $190.00 to $200.00 in a research note on Friday, November 11th. StockNews.com raised Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, December 17th.

Tetra Tech Profile

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Tetra Tech, Inc engages in the provision of consulting and engineering services. It operates through the following segments: Government Services Group (GSG), Commercial and International Services Group (CIG), and Remediation and Construction Management (RCM). The GSG segment offers consulting and engineering services primarily to United States government clients such as federal, state and local, and development agencies worldwide.

Further Reading

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

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