Arkadios Wealth Advisors Grows Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Arkadios Wealth Advisors raised its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,060 shares of the industrial products company’s stock after purchasing an additional 74 shares during the period. Arkadios Wealth Advisors’ holdings in Tetra Tech were worth $511,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new stake in Tetra Tech during the fourth quarter valued at about $26,000. Meeder Asset Management Inc. grew its stake in shares of Tetra Tech by 165.9% during the fourth quarter. Meeder Asset Management Inc. now owns 242 shares of the industrial products company’s stock valued at $35,000 after buying an additional 151 shares during the last quarter. Millburn Ridgefield Corp bought a new position in shares of Tetra Tech during the third quarter valued at about $37,000. ST Germain D J Co. Inc. bought a new position in shares of Tetra Tech during the second quarter valued at about $38,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Tetra Tech by 79.9% during the second quarter. Farther Finance Advisors LLC now owns 241 shares of the industrial products company’s stock valued at $39,000 after buying an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, Director J Kenneth Thompson sold 8,400 shares of Tetra Tech stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $165.00, for a total transaction of $1,386,000.00. Following the sale, the director now directly owns 14,485 shares of the company’s stock, valued at approximately $2,390,025. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Tetra Tech news, CFO Steven M. Burdick sold 7,128 shares of Tetra Tech stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $165.01, for a total transaction of $1,176,191.28. Following the sale, the chief financial officer now directly owns 37,405 shares of the company’s stock, valued at approximately $6,172,199.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director J Kenneth Thompson sold 8,400 shares of Tetra Tech stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $165.00, for a total value of $1,386,000.00. Following the sale, the director now directly owns 14,485 shares in the company, valued at $2,390,025. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,123 shares of company stock valued at $5,487,673. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TTEK shares. KeyCorp started coverage on Tetra Tech in a research note on Wednesday, January 10th. They set an “overweight” rating and a $191.00 price objective on the stock. Royal Bank of Canada raised their price objective on Tetra Tech from $192.00 to $203.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $197.25.

Tetra Tech Stock Up 1.5 %

NASDAQ TTEK opened at $193.00 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $10.33 billion, a PE ratio of 44.68 and a beta of 0.96. Tetra Tech, Inc. has a 1 year low of $132.29 and a 1 year high of $193.84. The business’s 50-day moving average is $178.85 and its 200 day moving average is $166.78.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $974.00 million. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. During the same period last year, the firm earned $1.34 earnings per share. Sell-side analysts forecast that Tetra Tech, Inc. will post 6.07 earnings per share for the current year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.04 annualized dividend and a yield of 0.54%. Tetra Tech’s payout ratio is 24.07%.

Tetra Tech 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.