Geode Capital Management LLC Has $188.49 Million Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Geode Capital Management LLC increased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,729,696 shares of the industrial products company’s stock after purchasing an additional 13,616 shares during the quarter. Geode Capital Management LLC’s holdings in Tetra Tech were worth $188,487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. New England Research & Management Inc. bought a new position in Tetra Tech in the 4th quarter valued at $596,000. Nicola Wealth Management LTD. lifted its stake in shares of Tetra Tech by 36.8% during 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 acquiring an additional 17,500 shares during the period. Lecap Asset Management Ltd. boosted its holdings in Tetra Tech by 71.3% in the fourth quarter. Lecap Asset Management Ltd. now owns 44,769 shares of the industrial products company’s stock valued at $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 fourth quarter. Y Intercept Hong Kong Ltd now owns 39,150 shares of the industrial products company’s stock worth $1,560,000 after purchasing an additional 13,606 shares during the period. Finally, Perpetual Ltd raised its holdings in Tetra Tech by 9.6% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analyst Ratings Changes

TTEK has been the subject of several analyst reports. Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a research report on Friday, January 31st. Maxim Group lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, KeyCorp cut their price target on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.92.

Tetra Tech Trading Down 3.0 %

Shares of NASDAQ TTEK opened at $29.10 on Monday. Tetra Tech, Inc. has a twelve month low of $28.17 and a twelve month high of $51.20. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of 30.57 and a beta of 0.93. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The company’s fifty day moving average is $31.02 and its 200-day moving average is $39.54.

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 return on equity of 22.58% and a net margin of 4.81%. Equities research analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.058 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.23 annualized dividend and a yield of 0.80%. Tetra Tech’s dividend payout ratio (DPR) is currently 24.21%.

Insider Buying and Selling at Tetra Tech

In other news, Director Kirsten M. Volpi sold 10,116 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the sale, the director now directly owns 60,196 shares in the company, valued at $2,066,528.68. The trade was a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.40% of the company’s stock.

About Tetra Tech

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.