First Wilshire Securities Management Inc. decreased its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 241,225 shares of the industrial products company’s stock after selling 4,070 shares during the quarter. Tetra Tech accounts for about 3.2% of First Wilshire Securities Management Inc.’s investment portfolio, making the stock its 6th largest position. First Wilshire Securities Management Inc. owned approximately 0.43% of Tetra Tech worth $11,615,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the business. Jane Street Group LLC acquired a new position in Tetra Tech in the fourth quarter worth approximately $396,000. Verition Fund Management LLC purchased a new position in Tetra Tech during the 4th quarter worth approximately $254,000. Millennium Management LLC grew its position in Tetra Tech by 833.1% during the 4th quarter. Millennium Management LLC now owns 236,558 shares of the industrial products company’s stock worth $11,390,000 after purchasing an additional 211,205 shares in the last quarter. Flinton Capital Management LLC grew its position in Tetra Tech by 18.8% during the 4th quarter. Flinton Capital Management LLC now owns 7,514 shares of the industrial products company’s stock worth $362,000 after purchasing an additional 1,190 shares in the last quarter. Finally, GHP Investment Advisors Inc. grew its position in Tetra Tech by 10.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,387 shares of the industrial products company’s stock worth $3,967,000 after purchasing an additional 7,664 shares in the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.
Tetra Tech stock opened at $49.15 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.25 and a current ratio of 2.25. Tetra Tech, Inc. has a 12 month low of $39.95 and a 12 month high of $53.40. The firm has a market cap of $2,770.20, a PE ratio of 23.08, a P/E/G ratio of 1.48 and a beta of 0.97.
Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.53 by $0.12. Tetra Tech had a net margin of 4.83% and a return on equity of 14.26%. The business had revenue of $544.85 million for the quarter, compared to analysts’ expectations of $510.22 million. During the same period in the previous year, the company posted $0.49 EPS. Tetra Tech’s revenue was up 11.3% on a year-over-year basis. equities analysts expect that Tetra Tech, Inc. will post 2.49 earnings per share for the current fiscal year.
In other news, SVP Richard A. Lemmon sold 15,089 shares of the business’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $51.09, for a total transaction of $770,897.01. Following the transaction, the senior vice president now directly owns 51,785 shares in the company, valued at approximately $2,645,695.65. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director J Christopher Lewis sold 8,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $49.91, for a total transaction of $399,280.00. Following the transaction, the director now owns 56,389 shares in the company, valued at $2,814,374.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,331 shares of company stock worth $8,343,340. 3.40% of the stock is currently owned by corporate insiders.
Several research firms have weighed in on TTEK. Zacks Investment Research cut shares of Tetra Tech from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Stifel Nicolaus lifted their price objective on shares of Tetra Tech from $52.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, April 2nd. Boenning Scattergood reiterated a “buy” rating and set a $65.00 price objective on shares of Tetra Tech in a research report on Thursday, March 15th. BidaskClub cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $60.00 price objective on shares of Tetra Tech in a research report on Thursday, February 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.00.
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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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