Mirova Has $4.85 Million Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Mirova raised its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,710 shares of the industrial products company’s stock after buying an additional 10,455 shares during the period. Mirova’s holdings in Tetra Tech were worth $4,849,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TTEK. New England Research & Management Inc. bought a new stake in Tetra Tech during the 4th quarter worth approximately $596,000. Nicola Wealth Management LTD. raised its holdings in shares of Tetra Tech by 36.8% in the fourth quarter. Nicola Wealth Management LTD. now owns 65,000 shares of the industrial products company’s stock valued at $2,590,000 after buying an additional 17,500 shares during the last quarter. Lecap Asset Management Ltd. grew its holdings in Tetra Tech by 71.3% during the 4th quarter. Lecap Asset Management Ltd. now owns 44,769 shares of the industrial products company’s stock worth $1,784,000 after acquiring an additional 18,635 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in Tetra Tech by 53.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 39,150 shares of the industrial products company’s stock valued at $1,560,000 after acquiring an additional 13,606 shares in the last quarter. Finally, Perpetual Ltd lifted its position in shares of Tetra Tech by 9.6% during the fourth quarter. Perpetual Ltd now owns 215,042 shares of the industrial products company’s stock worth $8,567,000 after purchasing an additional 18,842 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the stock in a transaction dated 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 transaction, the director now owns 60,196 shares in the company, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on TTEK shares. Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a research report on Friday, January 31st. Maxim Group lowered Tetra Tech from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, KeyCorp cut their target price on shares of Tetra Tech from $45.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.72.

Tetra Tech Stock Performance

Shares of TTEK stock opened at $30.22 on Friday. The stock has a 50-day moving average of $29.63 and a 200-day moving average of $38.20. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20. The stock has a market cap of $8.10 billion, a PE ratio of 31.74 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. As a group, sell-side analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech’s payout ratio is currently 24.21%.

Tetra Tech Company Profile

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.