Semanteon Capital Management LP Makes New $1.09 Million Investment in Tetra Tech, Inc. (NASDAQ:TTEK)

Semanteon Capital Management LP purchased a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the fourth quarter, Holdings Channel.com reports. The fund purchased 27,398 shares of the industrial products company’s stock, valued at approximately $1,092,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TTEK. Geode Capital Management LLC increased its holdings in Tetra Tech by 406.6% in the third quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company’s stock valued at $222,466,000 after buying an additional 3,785,189 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Tetra Tech by 357.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company’s stock worth $97,644,000 after purchasing an additional 1,618,211 shares during the last quarter. King Luther Capital Management Corp boosted its position in Tetra Tech by 324.0% during the fourth quarter. King Luther Capital Management Corp now owns 1,278,295 shares of the industrial products company’s stock worth $50,927,000 after purchasing an additional 976,810 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in Tetra Tech by 365.0% in the third quarter. Rockefeller Capital Management L.P. now owns 1,138,716 shares of the industrial products company’s stock valued at $53,739,000 after purchasing an additional 893,827 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Tetra Tech by 365.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,077,828 shares of the industrial products company’s stock worth $50,830,000 after buying an additional 846,284 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TTEK shares. Maxim Group cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. KeyCorp reduced their target price on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.92.

Tetra Tech Trading Down 3.6 %

NASDAQ TTEK opened at $29.26 on Friday. The company has a market cap of $7.84 billion, a P/E ratio of 30.74 and a beta of 0.93. Tetra Tech, Inc. has a 12 month low of $28.17 and a 12 month 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. The company has a 50-day moving average of $33.65 and a 200-day moving average of $40.93.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Kirsten M. Volpi sold 10,116 shares of the firm’s stock in a transaction 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 transaction, the director now 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is owned by insiders.

About Tetra Tech

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.