Headlands Technologies LLC Purchases Shares of 8,124 Tetra Tech, Inc. (NASDAQ:TTEK)

Headlands Technologies LLC acquired a new position in Tetra Tech, Inc. (NASDAQ:TTEK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,124 shares of the industrial products company’s stock, valued at approximately $324,000.

Other large investors have also made changes to their positions in the company. R Squared Ltd bought a new position in Tetra Tech in the 4th quarter worth approximately $39,000. Asset Planning Inc acquired a new stake in shares of Tetra Tech in the fourth quarter worth $40,000. Jones Financial Companies Lllp increased its position in Tetra Tech by 98.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 495 shares during the period. Blue Trust Inc. raised its stake in Tetra Tech by 235.8% during the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in Tetra Tech during the 4th quarter valued at $63,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Stock Down 3.0 %

Shares of TTEK opened at $29.10 on Friday. Tetra Tech, Inc. has a 12 month low of $28.17 and a 12 month high of $51.20. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of 30.57 and a beta of 0.93. The company has a 50-day moving average price of $31.02 and a two-hundred day moving average price of $39.63. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. Equities analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.058 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 annualized dividend and a yield of 0.80%. Tetra Tech’s dividend payout ratio is 24.21%.

Insider Transactions at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total transaction of $347,282.28. Following the completion of the sale, the director now directly owns 60,196 shares of the company’s stock, valued at $2,066,528.68. This trade represents a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TTEK. Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a report on Friday, January 31st. KeyCorp lowered their price target on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Maxim Group downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.92.

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.