Blueshift Asset Management LLC Buys Shares of 15,032 Tetra Tech, Inc. (NASDAQ:TTEK)

Blueshift Asset Management LLC purchased a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the fourth quarter, Holdings Channel reports. The firm purchased 15,032 shares of the industrial products company’s stock, valued at approximately $599,000.

A number of other large investors have also recently modified their holdings of TTEK. Atria Investments Inc boosted its holdings in shares of Tetra Tech by 321.9% in the third quarter. Atria Investments Inc now owns 7,114 shares of the industrial products company’s stock valued at $335,000 after purchasing an additional 5,428 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Tetra Tech by 71.8% in the third quarter. GSA Capital Partners LLP now owns 7,640 shares of the industrial products company’s stock valued at $360,000 after purchasing an additional 3,192 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Tetra Tech in the third quarter valued at approximately $236,000. Victory Capital Management Inc. raised its stake in Tetra Tech by 731.7% in the third quarter. Victory Capital Management Inc. now owns 93,388 shares of the industrial products company’s stock worth $4,404,000 after buying an additional 82,159 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its holdings in Tetra Tech by 335.8% during the third quarter. OneDigital Investment Advisors LLC now owns 8,184 shares of the industrial products company’s stock worth $386,000 after buying an additional 6,306 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Insider Transactions at Tetra Tech

In other news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech 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 sale, the director now directly owns 60,196 shares in the company, valued at approximately $2,066,528.68. The trade was a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Tetra Tech Stock Down 3.6 %

Tetra Tech stock opened at $29.26 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 30.74 and a beta of 0.93. Tetra Tech, Inc. has a 1-year low of $28.17 and a 1-year high of $51.20. The business has a fifty day moving average price of $33.65 and a 200-day moving average price of $40.93.

Tetra Tech (NASDAQ:TTEK) last posted 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 return on equity of 22.58% and a net margin of 4.81%. Equities research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.058 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.79%. Tetra Tech’s payout ratio is currently 24.21%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TTEK. Maxim Group downgraded Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. KeyCorp cut their price target on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, Royal Bank of Canada set a $49.00 price target on Tetra Tech in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.92.

Tetra Tech Company 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.