One Capital Management LLC boosted its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) by 68.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,040 shares of the industrial products company’s stock after purchasing an additional 28,816 shares during the period. One Capital Management LLC’s holdings in Tetra Tech were worth $2,383,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in TTEK. Capital International Investors increased its stake in shares of Tetra Tech by 249.1% in the 3rd quarter. Capital International Investors now owns 7,079,675 shares of the industrial products company’s stock valued at $236,320,000 after buying an additional 5,051,485 shares during the period. Norges Bank acquired a new stake in shares of Tetra Tech in the 4th quarter valued at $115,162,000. Impax Asset Management Group plc acquired a new stake in shares of Tetra Tech in the 4th quarter valued at $107,603,000. Sands Capital Management LLC increased its stake in shares of Tetra Tech by 38.0% in the 3rd quarter. Sands Capital Management LLC now owns 7,179,032 shares of the industrial products company’s stock valued at $239,636,000 after buying an additional 1,978,697 shares during the period. Finally, Corient Private Wealth LLC increased its stake in shares of Tetra Tech by 84.9% in the 2nd quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock valued at $147,095,000 after buying an additional 1,847,087 shares during the period. 93.89% of the stock is owned by institutional investors and hedge funds.
Tetra Tech Stock Down 4.1%
NASDAQ:TTEK opened at $27.13 on Wednesday. Tetra Tech, Inc. has a 12-month low of $25.81 and a 12-month high of $43.14. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $7.04 billion, a P/E ratio of 16.25 and a beta of 0.93. The stock’s fifty day simple moving average is $29.98 and its 200-day simple moving average is $33.51.
Tetra Tech Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were given a $0.072 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.29 annualized dividend and a dividend yield of 1.1%. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. Tetra Tech’s dividend payout ratio is 17.37%.
Wall Street Analyst Weigh In
TTEK has been the subject of several research reports. Robert W. Baird set a $35.00 target price on Tetra Tech in a research note on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research note on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.00.
Get Our Latest Research Report on TTEK
Insider Activity
In related news, Director Jeffrey R. Feeler purchased 1,900 shares of Tetra Tech stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the transaction, the director directly owned 1,900 shares of the company’s stock, valued at approximately $50,179. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.49% of the stock is owned by corporate insiders.
About Tetra Tech
Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.
The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.
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