4,168 Shares in Tetra Tech, Inc. (NASDAQ:TTEK) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new position in Tetra Tech, Inc. (NASDAQ:TTEK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,168 shares of the industrial products company’s stock, valued at approximately $696,000.

Several other institutional investors also recently bought and sold shares of TTEK. Stifel Financial Corp lifted its holdings in Tetra Tech by 10.7% in the third quarter. Stifel Financial Corp now owns 26,817 shares of the industrial products company’s stock valued at $4,077,000 after acquiring an additional 2,593 shares during the last quarter. WCM Investment Management LLC lifted its holdings in Tetra Tech by 2.5% in the fourth quarter. WCM Investment Management LLC now owns 339,938 shares of the industrial products company’s stock valued at $57,127,000 after acquiring an additional 8,394 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in Tetra Tech by 95.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 17,977 shares of the industrial products company’s stock valued at $2,733,000 after acquiring an additional 8,791 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Tetra Tech in the fourth quarter valued at approximately $82,209,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Tetra Tech in the fourth quarter valued at approximately $873,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Trading Down 0.2 %

NASDAQ TTEK traded down $0.42 on Friday, reaching $192.50. The stock had a trading volume of 225,075 shares, compared to its average volume of 260,473. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 44.56 and a beta of 0.96. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.61. Tetra Tech, Inc. has a 12-month low of $132.29 and a 12-month high of $194.99. The stock has a fifty day moving average price of $184.29 and a two-hundred day moving average price of $170.13.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $974.00 million. During the same quarter in the prior year, the company earned $1.34 earnings per share. As a group, sell-side analysts forecast that Tetra Tech, Inc. will post 6.07 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Tuesday, February 13th. Tetra Tech’s dividend payout ratio is currently 24.07%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TTEK. KeyCorp began coverage on Tetra Tech in a report on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 price objective on the stock. Royal Bank of Canada upped their price objective on Tetra Tech from $192.00 to $203.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $197.25.

Insider Transactions at Tetra Tech

In other news, Director J Kenneth Thompson sold 8,400 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $165.00, for a total transaction of $1,386,000.00. Following the sale, the director now owns 14,485 shares of the company’s stock, valued at $2,390,025. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Steven M. Burdick sold 7,515 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total transaction of $1,320,160.05. Following the completion of the sale, the chief financial officer now owns 29,890 shares in the company, valued at $5,250,776.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director J Kenneth Thompson sold 8,400 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $165.00, for a total transaction of $1,386,000.00. Following the sale, the director now owns 14,485 shares of the company’s stock, valued at approximately $2,390,025. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,123 shares of company stock valued at $5,487,673. 0.61% of the stock is currently owned by company insiders.

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.