National Investment Services Inc. WI purchased a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,419 shares of the industrial products company’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTEK. Schwab Charles Investment Management Inc. increased its holdings in Tetra Tech by 1.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 370,632 shares of the industrial products company’s stock valued at $16,957,000 after purchasing an additional 6,683 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Tetra Tech by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 5,331 shares of the industrial products company’s stock valued at $244,000 after purchasing an additional 800 shares in the last quarter. American Century Companies Inc. acquired a new stake in Tetra Tech in the 2nd quarter valued at $680,000. Swiss National Bank increased its holdings in Tetra Tech by 1.9% in the 2nd quarter. Swiss National Bank now owns 96,200 shares of the industrial products company’s stock valued at $4,401,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Tetra Tech by 22.9% in the 2nd quarter. Wells Fargo & Company MN now owns 180,596 shares of the industrial products company’s stock valued at $8,263,000 after purchasing an additional 33,701 shares in the last quarter. Hedge funds and other institutional investors own 84.73% of the company’s stock.

Several analysts recently issued reports on TTEK shares. Zacks Investment Research upgraded Tetra Tech from a “sell” rating to a “hold” rating in a report on Friday, October 6th. Boenning Scattergood reiterated a “buy” rating and issued a $54.00 price target on shares of Tetra Tech in a report on Thursday, November 9th. Robert W. Baird increased their price target on Tetra Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, November 10th. BidaskClub downgraded Tetra Tech from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 9th. Finally, ValuEngine downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $52.29.

In related news, insider Ronald J. Chu sold 696 shares of Tetra Tech 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 completion of the transaction, the insider now directly owns 37,800 shares in the company, valued at $1,890,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ronald J. Chu sold 14,112 shares of Tetra Tech stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $50.00, for a total value of $705,600.00. Following the completion of the transaction, the insider now owns 51,216 shares of the company’s stock, valued at $2,560,800. The disclosure for this sale can be found here. Insiders have sold 232,019 shares of company stock valued at $11,385,910 over the last 90 days. Insiders own 4.00% of the company’s stock.

Shares of Tetra Tech, Inc. (NASDAQ TTEK) opened at $48.90 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a market capitalization of $2,720.00, a PE ratio of 23.97, a PEG ratio of 1.55 and a beta of 1.07. Tetra Tech, Inc. has a 52 week low of $38.85 and a 52 week high of $50.90.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $533.00 million during the quarter, compared to the consensus estimate of $517.90 million. Tetra Tech had a return on equity of 13.60% and a net margin of 4.28%. The company’s revenue was up .4% on a year-over-year basis. During the same period last year, the firm earned $0.59 earnings per share. sell-side analysts predict that Tetra Tech, Inc. will post 2.32 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.82%. Tetra Tech’s dividend payout ratio is presently 19.61%.

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Tetra Tech 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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Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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