16,633 Shares in Tetra Tech, Inc. (TTEK) Acquired by Crossmark Global Holdings Inc.
Crossmark Global Holdings Inc. purchased a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,633 shares of the industrial products company’s stock, valued at approximately $774,000.
Other large investors have also bought and sold shares of the company. Advisor Group Inc. raised its position in Tetra Tech by 194.9% during the second quarter. Advisor Group Inc. now owns 3,279 shares of the industrial products company’s stock valued at $150,000 after buying an additional 2,167 shares during the period. Strs Ohio raised its position in Tetra Tech by 45.2% during the second quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $205,000 after buying an additional 1,400 shares during the period. Tocqueville Asset Management L.P. acquired a new position in Tetra Tech during the second quarter valued at $206,000. Teacher Retirement System of Texas acquired a new position in Tetra Tech during the second quarter valued at $210,000. Finally, Everence Capital Management Inc. acquired a new position in Tetra Tech during the second quarter valued at $217,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.
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Tetra Tech, Inc. (NASDAQ:TTEK) opened at $49.20 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.94 and a quick ratio of 1.97. Tetra Tech, Inc. has a 52 week low of $38.85 and a 52 week high of $50.15. The company has a market capitalization of $2,709.84, a PE ratio of 22.77, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08.
Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Tetra Tech had a return on equity of 13.60% and a net margin of 4.28%. The firm had revenue of $533.00 million for the quarter, compared to the consensus estimate of $517.90 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. equities research analysts forecast that Tetra Tech, Inc. will post 2.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. Tetra Tech’s dividend payout ratio (DPR) is currently 19.61%.
Several research analysts recently weighed in on the company. Boenning Scattergood reissued an “outperform” rating on shares of Tetra Tech in a research report on Tuesday, September 5th. Roth Capital set a $52.00 price target on Tetra Tech and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Robert W. Baird reissued a “hold” rating and set a $47.00 price target on shares of Tetra Tech in a research report on Tuesday, September 5th. BidaskClub lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research lowered Tetra Tech from a “hold” rating to a “sell” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $52.29.
In other news, EVP Ronald J. Chu sold 42,395 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $50.00, for a total transaction of $2,119,750.00. Following the completion of the sale, the executive vice president now owns 58,624 shares in the company, valued at approximately $2,931,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ronald J. Chu sold 696 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $50.00, for a total value of $34,800.00. Following the sale, the insider now owns 37,800 shares of the company’s stock, valued at approximately $1,890,000. The disclosure for this sale can be found here. Insiders sold 57,203 shares of company stock worth $2,860,150 in the last 90 days. Corporate insiders own 4.00% of the company’s stock.
Tetra Tech Company Profile
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.
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