Renaissance Investment Group LLC boosted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK – Get Rating ) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,608 shares of the industrial products company’s stock after purchasing an additional 1,277 shares during the period. Tetra Tech makes up 2.8% of Renaissance Investment Group LLC’s investment portfolio, making the stock its 11th biggest position. Renaissance Investment Group LLC owned 0.12% of Tetra Tech worth $9,235,000 as of its most recent SEC filing.
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Several other large investors have also modified their stakes in the business. Millennium Management LLC raised its stake in Tetra Tech by 1,602.0% in the second quarter. Millennium Management LLC now owns 469,018 shares of the industrial products company’s stock valued at $64,044,000 after acquiring an additional 441,461 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Tetra Tech in the second quarter worth about $36,885,000. Walleye Capital LLC acquired a new position in Tetra Tech in the first quarter worth about $19,880,000. First Trust Advisors LP boosted its stake in Tetra Tech by 26.2% in the third quarter. First Trust Advisors LP now owns 495,490 shares of the industrial products company’s stock valued at $63,685,000 after acquiring an additional 102,727 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Tetra Tech by 576.8% in the second quarter. Now Sei Investments Co. now owns 112,557 shares of the industrial products company’s stock valued at $15,405,000 after acquiring an additional 95,927 shares during the last quarter. Institutional investors and hedge funds own 85.28% of the company’s shares.
Insider buying and selling
In other Tetra Tech news, Director Kirsten M. Volpi sold 900 shares of the stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $145.74, for a total transaction of $131,166.00. Following the completion of the sale, the director now directly owns 11,563 shares of the company’s stock, valued at approximately $1,685,191.62. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed via this hyperlink. In other Tetra Tech news, Director Kirsten M. Volpi sold 900 shares of the stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $145.74, for a total transaction of $131,166.00. Following the completion of the sale, the director now directly owns 11,563 shares of the company’s stock, valued at approximately $1,685,191.62. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed via this hyperlink. Also, Director Kimberly E. Ritrievi sold 1,800 shares of the stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $151.09 for a total value of $271,962.00. Following the sale, the director now directly owns 29,940 shares of the company’s stock, valued at $4,523,634.60. Disclosure of this sale can be found here. Insiders sold 13,215 shares of company stock valued at $1,992,786 in the last quarter. 0.76% of shares are owned by insiders.
Tetra Tech Trading down 0.7%
NASDAQ:TTEK opened at $139.14 on Friday. The stock’s 50-day moving average is $145.08 and its 200-day moving average is $142.73. The company has a market cap of $7.41 billion, a PE ratio of 23.99 and a beta of 0.96. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.18. Tetra Tech, Inc. it has a 52-week low of $118.55 and a 52-week high of $169.95.
Tetra Tech (NASDAQ:TTEK – Get Rating ) last posted its quarterly earnings results on Wednesday, February 1st. The industrial products company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.14. The firm had revenue of $736.56 million for the quarter, compared to the consensus estimate of $717.73 million. Tetra Tech had a return on equity of 20.20% and a net margin of 8.79%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. In the same quarter last year, the business reported $1.19 EPS. On average, research analysts expect Tetra Tech, Inc. to post 5.01 EPS for the current year.
Tetra Tech Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, February 24th. Investors of record on Monday, February 13th were given a dividend of $0.23 per share. The ex-dividend date was Friday, February 10th. This represents an annualized dividend of $0.92 and a yield of 0.66%. Tetra Tech’s dividend payout ratio is currently 15.86%.
Promote and demote an analyst
Several equities analysts have recently issued reports on the company. StockNews.com assumed coverage on Tetra Tech in a research note on Thursday. They assign a “buy” rating to the stock. Robert W. Baird boosted their target price on Tetra Tech from $155.00 to $164.00 and gave the company a “neutral” rating in a report on Thursday, February 2nd.
Tetra Tech Company Profile
Tetra Tech, Inc is engaged in providing consulting and engineering services. It operates through the following segments: Government Services Group (GSG), Commercial and International Services Group (CIG) and Recovery and Construction Management (RCM). The GSG segment provides consulting and engineering services primarily to United States government clients, such as federal, state and local, and development agencies worldwide.
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