Metropolitan Life Insurance Co. NY held its position in Tetra Tech, Inc. (NASDAQ:TTEK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,590 shares of the company’s stock at the end of the fourth quarter. Metropolitan Life Insurance Co. NY’s holdings in Tetra Tech were worth $1,751,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Macquarie Group Ltd. increased its stake in shares of Tetra Tech by 30.2% in the second quarter. Macquarie Group Ltd. now owns 693,598 shares of the company’s stock valued at $21,325,000 after buying an additional 160,774 shares during the period. Catawba Capital Management VA bought a new stake in shares of Tetra Tech during the third quarter valued at approximately $391,000. Fox Run Management L.L.C. bought a new stake in shares of Tetra Tech during the third quarter valued at approximately $383,000. Quotient Investors LLC bought a new stake in shares of Tetra Tech during the third quarter valued at approximately $284,000. Finally, Rice Hall James & Associates LLC increased its stake in shares of Tetra Tech by 4.0% in the third quarter. Rice Hall James & Associates LLC now owns 1,382,244 shares of the company’s stock valued at $49,028,000 after buying an additional 53,682 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.
Tetra Tech, Inc. (NASDAQ:TTEK) opened at 39.60 on Monday. The stock has a 50 day moving average price of $41.33 and a 200-day moving average price of $40.07. Tetra Tech, Inc. has a 12-month low of $28.01 and a 12-month high of $44.85. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 26.60 and a beta of 1.11.
Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, February 1st. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Tetra Tech had a net margin of 3.24% and a return on equity of 13.28%. The firm earned $669 million during the quarter, compared to analyst estimates of $471.91 million. During the same period last year, the business earned $0.39 earnings per share. The business’s revenue was up 16.3% on a year-over-year basis. Equities analysts predict that Tetra Tech, Inc. will post $2.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 3rd. Stockholders of record on Friday, February 17th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, February 15th. This represents a $0.36 annualized dividend and a dividend yield of 0.91%. Tetra Tech’s payout ratio is 24.16%.
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Several equities analysts have recently issued reports on TTEK shares. Zacks Investment Research lowered Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, February 3rd. Stifel Nicolaus upped their target price on Tetra Tech to $45.00 and gave the company a “hold” rating in a report on Monday, February 6th. Finally, Roth Capital started coverage on Tetra Tech in a report on Wednesday, January 25th. They issued a “buy” rating and a $49.00 target price for the company. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Tetra Tech currently has a consensus rating of “Buy” and an average target price of $39.86.
In related news, Director Albert E. Smith sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $44.00, for a total value of $352,000.00. Following the completion of the transaction, the director now directly owns 43,877 shares in the company, valued at approximately $1,930,588. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Albert E. Smith sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $42.78, for a total transaction of $684,480.00. Following the completion of the transaction, the director now owns 43,877 shares of the company’s stock, valued at $1,877,058.06. The disclosure for this sale can be found here. Insiders have sold 115,511 shares of company stock valued at $5,006,244 over the last quarter. Company insiders own 4.00% of the company’s stock.
About Tetra Tech
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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