Stevens Capital Management LP Invests $300,000 in Tetra Tech, Inc. (NASDAQ:TTEK)

Stevens Capital Management LP purchased a new position in Tetra Tech, Inc. (NASDAQ:TTEK) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 7,523 shares of the industrial products company’s stock, valued at approximately $300,000.

Several other institutional investors have also added to or reduced their stakes in TTEK. Amundi increased its position in Tetra Tech by 2.5% in the fourth quarter. Amundi now owns 4,873,176 shares of the industrial products company’s stock worth $194,314,000 after purchasing an additional 117,304 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Tetra Tech by 406.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company’s stock worth $222,466,000 after buying an additional 3,785,189 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of Tetra Tech by 14.9% during the 4th quarter. Corient Private Wealth LLC now owns 2,613,259 shares of the industrial products company’s stock valued at $104,112,000 after buying an additional 339,839 shares in the last quarter. Robeco Schweiz AG lifted its holdings in shares of Tetra Tech by 26.5% in the 4th quarter. Robeco Schweiz AG now owns 2,449,875 shares of the industrial products company’s stock valued at $97,603,000 after acquiring an additional 512,931 shares during the last quarter. Finally, abrdn plc grew its position in Tetra Tech by 7.6% in the fourth quarter. abrdn plc now owns 2,269,777 shares of the industrial products company’s stock worth $90,031,000 after acquiring an additional 159,701 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Price Performance

Tetra Tech stock opened at $29.37 on Tuesday. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 30.85 and a beta of 0.93. The firm has a 50-day moving average of $33.16 and a two-hundred day moving average of $40.68. Tetra Tech, Inc. has a 1 year low of $28.17 and a 1 year high of $51.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29.

Tetra Tech (NASDAQ:TTEK) last announced 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%. On average, research analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is presently 24.21%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TTEK shares. Royal Bank of Canada set a $49.00 target price on Tetra Tech in a research report on Friday, January 31st. Maxim Group downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, KeyCorp lowered their target price on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Three investment 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.92.

Insiders Place Their Bets

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 shares were sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is owned by company insiders.

Tetra Tech 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.