Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by Impax Asset Management Group plc

Impax Asset Management Group plc increased its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 51.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 23,754 shares of the industrial products company’s stock after buying an additional 8,064 shares during the period. Impax Asset Management Group plc’s holdings in Tetra Tech were worth $946,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TTEK. New England Research & Management Inc. bought a new stake in shares of Tetra Tech during the 4th quarter worth about $596,000. Harbor Capital Advisors Inc. grew its position in Tetra Tech by 630.8% during 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 purchasing an additional 31,445 shares in the last quarter. Lecap Asset Management Ltd. grew its position in Tetra Tech by 71.3% during 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 in the last quarter. Perpetual Ltd grew its position in 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 in the last quarter. Finally, SFE Investment Counsel grew its position in Tetra Tech by 374.8% during the third quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company’s stock valued at $1,713,000 after purchasing an additional 28,679 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the completion of the transaction, the director now directly owns 60,196 shares in the company, valued at $2,066,528.68. This represents a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.40% of the company’s stock.

Tetra Tech Price Performance

Shares of Tetra Tech stock opened at $30.14 on Wednesday. The firm has a fifty day simple moving average of $37.27 and a 200-day simple moving average of $42.94. 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, Inc. has a 1-year low of $29.23 and a 1-year high of $51.20. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 31.66 and a beta of 0.89.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. On average, sell-side analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $0.058 dividend. 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 24.21%.

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.