Boston Partners Acquires 8,873 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Boston Partners boosted its holdings in TETRA Technologies, Inc. (NYSE:TTI) by 2.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 352,384 shares of the oil and gas company’s stock after purchasing an additional 8,873 shares during the quarter. Boston Partners’ holdings in TETRA Technologies were worth $1,262,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TTI. Intech Investment Management LLC bought a new position in TETRA Technologies in the 3rd quarter valued at about $118,000. Charles Schwab Investment Management Inc. lifted its position in shares of TETRA Technologies by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 994,177 shares of the oil and gas company’s stock worth $3,082,000 after buying an additional 26,322 shares in the last quarter. FMR LLC lifted its position in shares of TETRA Technologies by 75.0% during the 3rd quarter. FMR LLC now owns 18,858 shares of the oil and gas company’s stock worth $58,000 after buying an additional 8,084 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of TETRA Technologies by 68.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 261,217 shares of the oil and gas company’s stock worth $810,000 after buying an additional 106,507 shares in the last quarter. Finally, Townsquare Capital LLC bought a new position in shares of TETRA Technologies during the 3rd quarter worth approximately $36,000. Institutional investors own 70.19% of the company’s stock.

TETRA Technologies Price Performance

TETRA Technologies stock opened at $3.35 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. The stock has a market cap of $442.86 million, a P/E ratio of 167.33 and a beta of 2.04. The company’s 50 day moving average price is $4.08 and its two-hundred day moving average price is $3.67. TETRA Technologies, Inc. has a 52 week low of $2.68 and a 52 week high of $5.12.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The company had revenue of $134.50 million for the quarter, compared to analysts’ expectations of $138.96 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. On average, equities analysts predict that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

Analyst Ratings Changes

Separately, D. Boral Capital reissued a “buy” rating and set a $5.50 target price on shares of TETRA Technologies in a research report on Thursday, February 27th.

About TETRA Technologies

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.