Tetra Tech, Inc. (TTEK) Stake Raised by Premier Asset Management LLC
Premier Asset Management LLC lifted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,505 shares of the industrial products company’s stock after buying an additional 3,050 shares during the quarter. Premier Asset Management LLC owned about 0.29% of Tetra Tech worth $7,518,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of TTEK. Koch Industries Inc. acquired a new stake in shares of Tetra Tech during the second quarter worth $506,000. Allianz Asset Management GmbH increased its position in shares of Tetra Tech by 35.5% during the third quarter. Allianz Asset Management GmbH now owns 582,449 shares of the industrial products company’s stock worth $27,113,000 after buying an additional 152,695 shares during the period. PDT Partners LLC acquired a new stake in shares of Tetra Tech during the second quarter worth $6,519,000. Janus Henderson Group PLC increased its position in shares of Tetra Tech by 270.8% during the second quarter. Janus Henderson Group PLC now owns 193,166 shares of the industrial products company’s stock worth $8,833,000 after buying an additional 141,066 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Tetra Tech by 76.4% during the third quarter. Wells Fargo & Company MN now owns 318,483 shares of the industrial products company’s stock worth $14,825,000 after buying an additional 137,887 shares during the period. Institutional investors own 84.78% of the company’s stock.
In other Tetra Tech news, Chairman Dan L. Batrack sold 32,165 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $48.70, for a total value of $1,566,435.50. Following the transaction, the chairman now directly owns 286,533 shares of the company’s stock, valued at $13,954,157.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ronald J. Chu sold 14,112 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $50.00, for a total transaction of $705,600.00. Following the completion of the transaction, the insider now directly owns 51,216 shares in the company, valued at $2,560,800. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,411 shares of company stock worth $5,727,537. 3.80% of the stock is owned by insiders.
Tetra Tech, Inc. (NASDAQ:TTEK) opened at $48.27 on Friday. The stock has a market cap of $2,724.83, a price-to-earnings ratio of 22.96, a P/E/G ratio of 1.56 and a beta of 1.07. Tetra Tech, Inc. has a 12 month low of $38.85 and a 12 month high of $50.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.94 and a current ratio of 1.94.
Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The business had revenue of $533.00 million for the quarter, compared to analyst estimates of $517.90 million. Tetra Tech had a net margin of 4.28% and a return on equity of 13.60%. Tetra Tech’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 earnings per share. analysts predict that Tetra Tech, Inc. will post 2.33 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.83%. The ex-dividend date is Wednesday, November 29th. Tetra Tech’s dividend payout ratio is presently 19.61%.
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Tetra Tech Profile
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.
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