Advisors Asset Management Inc. Purchases 14,132 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Advisors Asset Management Inc. increased its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 16.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 98,306 shares of the industrial products company’s stock after acquiring an additional 14,132 shares during the quarter. Advisors Asset Management Inc.’s holdings in Tetra Tech were worth $3,917,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its position in shares of Tetra Tech by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company’s stock valued at $2,172,000 after acquiring an additional 400 shares during the period. Nordea Investment Management AB boosted its position in shares of Tetra Tech by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company’s stock valued at $1,809,000 after acquiring an additional 411 shares during the period. CIBC Asset Management Inc boosted its position in shares of Tetra Tech by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company’s stock valued at $331,000 after acquiring an additional 438 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Tetra Tech by 13.0% in the fourth quarter. Farther Finance Advisors LLC now owns 4,009 shares of the industrial products company’s stock valued at $160,000 after acquiring an additional 461 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of Tetra Tech by 98.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 495 shares during the period. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Trading Down 3.6 %

TTEK stock opened at $29.26 on Friday. The company has a market capitalization of $7.84 billion, a PE ratio of 30.74 and a beta of 0.93. Tetra Tech, Inc. has a one year low of $28.17 and a one year high of $51.20. The company’s 50 day moving average price is $33.65 and its two-hundred day moving average price is $40.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, topping 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%. As a group, analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a dividend 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%.

Insiders Place Their Bets

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction that occurred 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 transaction, the director now directly owns 60,196 shares of the company’s stock, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. KeyCorp dropped their target price on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company 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. Finally, Maxim Group lowered 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 assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $47.92.

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.