Stratos Investment Management LLC Acquires Shares of 33,568 Tetra Tech, Inc. (NASDAQ:TTEK)

Stratos Investment Management LLC bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK) during the 4th quarter, HoldingsChannel reports. The fund bought 33,568 shares of the industrial products company’s stock, valued at approximately $1,337,000.

Other hedge funds have also made changes to their positions in the company. Nordea Investment Management AB boosted its position in Tetra Tech by 0.9% in the 4th quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company’s stock valued at $1,809,000 after buying an additional 411 shares during the last quarter. LGT Financial Advisors LLC grew its position in shares of Tetra Tech by 400.0% during the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock worth $26,000 after buying an additional 444 shares during the period. Allworth Financial LP raised its holdings in Tetra Tech by 629.3% in the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 472 shares during the period. AQR Capital Management LLC grew its stake in Tetra Tech by 14.1% in the second quarter. AQR Capital Management LLC now owns 4,056 shares of the industrial products company’s stock valued at $829,000 after acquiring an additional 502 shares during the period. Finally, Canton Hathaway LLC boosted its holdings in shares of Tetra Tech by 400.0% in the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock valued at $30,000 after buying an additional 516 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TTEK. KeyCorp lowered their price target on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price target on shares of Tetra Tech in a research note on Friday, November 15th. Robert W. Baird increased their price objective on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $48.52.

Tetra Tech Stock Up 1.0 %

TTEK stock opened at $34.54 on Wednesday. The firm has a market capitalization of $9.26 billion, a PE ratio of 36.28 and a beta of 0.89. The company has a quick ratio of 1.25, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a twelve month low of $31.09 and a twelve month high of $51.20. The stock’s 50 day moving average is $40.46 and its 200-day moving average is $44.11.

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

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.058 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.67%. Tetra Tech’s dividend payout ratio is currently 24.16%.

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.