Impact Investors Inc Buys New Shares in Tetra Tech, Inc. (NASDAQ:TTEK)

Impact Investors Inc purchased a new position in Tetra Tech, Inc. (NASDAQ:TTEK) in the 4th quarter, Holdings Channel.com reports. The fund purchased 6,655 shares of the industrial products company’s stock, valued at approximately $265,000.

Other hedge funds have also added to or reduced their stakes in the company. New England Research & Management Inc. purchased a new position in shares of Tetra Tech in the fourth quarter worth about $596,000. Harbor Capital Advisors Inc. increased its stake in Tetra Tech by 630.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company’s stock worth $1,718,000 after purchasing an additional 31,445 shares during the period. Lecap Asset Management Ltd. lifted its position in 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 purchasing an additional 18,635 shares during the last quarter. Perpetual Ltd boosted 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 valued at $8,567,000 after purchasing an additional 18,842 shares during the period. Finally, SFE Investment Counsel grew its holdings in shares of Tetra Tech by 374.8% in the third quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company’s stock worth $1,713,000 after purchasing an additional 28,679 shares during the last quarter. 93.89% of the stock is owned by institutional investors.

Tetra Tech Stock Performance

Shares of TTEK stock opened at $30.14 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of 31.66 and a beta of 0.89. Tetra Tech, Inc. has a one year low of $29.23 and a one year high of $51.20. The company’s 50-day moving average is $37.27 and its 200 day moving average is $42.94.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results 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 net margin of 4.81% and a return on equity of 22.58%. Sell-side analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Wednesday, February 12th. Tetra Tech’s payout ratio is currently 24.21%.

Insider Activity at Tetra Tech

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the transaction, the director now owns 60,196 shares in the company, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.