Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,345 shares of the industrial products company’s stock after acquiring an additional 5,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in Tetra Tech were worth $2,723,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New England Research & Management Inc. acquired a new stake in shares of Tetra Tech in the fourth quarter valued at approximately $596,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Tetra Tech by 630.8% in the third quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company’s stock valued at $1,718,000 after acquiring an additional 31,445 shares during the period. Arkadios Wealth Advisors boosted its holdings in shares of Tetra Tech by 615.8% in the third quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock valued at $1,052,000 after acquiring an additional 19,193 shares during the period. Lecap Asset Management Ltd. boosted its holdings in shares of Tetra Tech by 71.3% in the fourth quarter. Lecap Asset Management Ltd. now owns 44,769 shares of the industrial products company’s stock valued at $1,784,000 after acquiring an additional 18,635 shares during the period. Finally, Perpetual Ltd raised its stake in shares of Tetra Tech by 9.6% during the fourth quarter. Perpetual Ltd now owns 215,042 shares of the industrial products company’s stock worth $8,567,000 after purchasing an additional 18,842 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Trading Up 0.3 %

NASDAQ:TTEK opened at $30.02 on Tuesday. The stock has a fifty day moving average price of $37.50 and a two-hundred day moving average price of $43.05. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 31.53 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. Tetra Tech, Inc. has a 1 year low of $29.23 and a 1 year high of $51.20.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data 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 return on equity of 22.58% and a net margin of 4.81%. As a group, sell-side analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a $0.058 dividend. This represents a $0.23 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, February 12th. Tetra Tech’s payout ratio is 24.21%.

Analyst Ratings Changes

Several research firms have recently commented on TTEK. 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 note on Thursday, November 14th. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a research note on Friday, January 31st. KeyCorp cut 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. Maxim Group cut Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Tetra Tech has a consensus rating of “Moderate Buy” and an average price target of $47.92.

Insiders Place Their Bets

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the company’s stock in a transaction 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 sale, the director now owns 60,196 shares of the company’s stock, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is currently owned by company insiders.

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.