BNP Paribas Arbitrage SA grew its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 33.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,473 shares of the industrial products company’s stock after acquiring an additional 8,924 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.06% of Tetra Tech worth $1,651,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Manchester Capital Management LLC raised its position in Tetra Tech by 0.3% in the second quarter. Manchester Capital Management LLC now owns 17,906 shares of the industrial products company’s stock worth $819,000 after acquiring an additional 55 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Tetra Tech by 2.6% during the second quarter. Amalgamated Bank now owns 7,989 shares of the industrial products company’s stock valued at $365,000 after acquiring an additional 202 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of Tetra Tech by 0.6% during the second quarter. Texas Permanent School Fund now owns 41,731 shares of the industrial products company’s stock valued at $1,909,000 after acquiring an additional 233 shares during the last quarter. Rathbone Brothers plc boosted its stake in shares of Tetra Tech by 0.9% during the second quarter. Rathbone Brothers plc now owns 32,345 shares of the industrial products company’s stock valued at $1,480,000 after acquiring an additional 300 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its stake in shares of Tetra Tech by 0.6% during the second quarter. Suntrust Banks Inc. now owns 86,767 shares of the industrial products company’s stock valued at $3,969,000 after acquiring an additional 551 shares during the last quarter. 84.78% of the stock is owned by institutional investors and hedge funds.
In other Tetra Tech news, Director J Christopher Lewis sold 4,401 shares of Tetra Tech stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $49.96, for a total transaction of $219,873.96. Following the sale, the director now owns 48,389 shares of the company’s stock, valued at approximately $2,417,514.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Roger R. Argus sold 1,138 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $49.63, for a total value of $56,478.94. Following the completion of the sale, the senior vice president now directly owns 6,948 shares in the company, valued at approximately $344,829.24. The disclosure for this sale can be found here. Insiders have sold a total of 83,246 shares of company stock valued at $4,161,102 in the last 90 days. Insiders own 4.00% of the company’s stock.
Tetra Tech, Inc. (NASDAQ TTEK) opened at $49.45 on Tuesday. The company has a market capitalization of $2,752.70, a P/E ratio of 23.19, a PEG ratio of 1.58 and a beta of 1.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.94 and a quick ratio of 1.94. Tetra Tech, Inc. has a 12-month low of $38.85 and a 12-month high of $50.90.
Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. Tetra Tech had a return on equity of 13.60% and a net margin of 4.28%. The company had revenue of $533.00 million during the quarter, compared to analyst estimates of $517.90 million. During the same quarter last year, the firm earned $0.59 EPS. The business’s revenue was up .4% on a year-over-year basis. research analysts expect that Tetra Tech, Inc. will post 2.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. Tetra Tech’s dividend payout ratio is currently 19.61%.
A number of analysts have issued reports on the company. Zacks Investment Research lowered Tetra Tech from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Robert W. Baird raised their price target on Tetra Tech from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Boenning Scattergood restated a “buy” rating and issued a $54.00 price objective on shares of Tetra Tech in a report on Thursday, November 9th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $47.00 price objective on shares of Tetra Tech in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $52.29.
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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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