Tanager Wealth Management LLP Acquires Shares of 6,494 Tetra Tech, Inc. (NASDAQ:TTEK)

Tanager Wealth Management LLP acquired a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,494 shares of the industrial products company’s stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in shares of Tetra Tech by 629.3% in the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 472 shares during the period. LGT Financial Advisors LLC increased its holdings in shares of Tetra Tech by 400.0% in the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 444 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Tetra Tech by 3,261.1% in the third quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 587 shares during the period. Canton Hathaway LLC increased its holdings in shares of Tetra Tech by 400.0% in the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 516 shares during the period. Finally, USA Financial Formulas increased its holdings in shares of Tetra Tech by 332.3% in the third quarter. USA Financial Formulas now owns 709 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 545 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Trading Up 1.0 %

Shares of TTEK stock opened at $34.54 on Wednesday. Tetra Tech, Inc. has a fifty-two week low of $31.09 and a fifty-two week high of $51.20. The stock has a market cap of $9.26 billion, a P/E ratio of 36.28 and a beta of 0.89. The business has a fifty day simple moving average of $40.46 and a 200-day simple moving average of $44.11. The company has a quick ratio of 1.25, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. On average, analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Wednesday, February 12th. Tetra Tech’s dividend payout ratio is currently 24.16%.

Wall Street Analyst Weigh In

TTEK has been the topic of a number of recent research reports. Robert W. Baird boosted their target price on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Tetra Tech in a report on Friday, November 15th. Finally, KeyCorp dropped their price objective on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $48.52.

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.