WR Wealth Planners LLC Has $418,000 Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

WR Wealth Planners LLC lowered its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 36.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,501 shares of the industrial products company’s stock after selling 5,938 shares during the period. WR Wealth Planners LLC’s holdings in Tetra Tech were worth $418,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. VELA Investment Management LLC grew its stake in Tetra Tech by 6.9% in the 4th quarter. VELA Investment Management LLC now owns 62,538 shares of the industrial products company’s stock valued at $2,492,000 after buying an additional 4,028 shares during the last quarter. Robeco Schweiz AG grew its position in shares of Tetra Tech by 26.5% during the 4th quarter. Robeco Schweiz AG now owns 2,449,875 shares of the industrial products company’s stock worth $97,603,000 after purchasing an additional 512,931 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Tetra Tech by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company’s stock worth $2,172,000 after purchasing an additional 400 shares in the last quarter. Impact Investors Inc acquired a new position in shares of Tetra Tech during the 4th quarter worth approximately $265,000. Finally, Amalgamated Bank grew its position in shares of Tetra Tech by 0.5% during the 4th quarter. Amalgamated Bank now owns 128,881 shares of the industrial products company’s stock worth $5,135,000 after purchasing an additional 579 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TTEK. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a research report on Friday, January 31st. StockNews.com lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. KeyCorp decreased their target price on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Robert W. Baird increased their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.92.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $29.19 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 30.66 and a beta of 0.89. The firm’s 50 day simple moving average is $36.84 and its 200 day simple moving average is $42.71. Tetra Tech, Inc. has a 1 year low of $28.98 and a 1 year high of $51.20.

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

Tetra Tech Dividend Announcement

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

Insider Activity at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 60,196 shares of the company’s stock, valued at $2,066,528.68. This represents a 14.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by insiders.

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.