Arosa Capital Management LP Takes Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Arosa Capital Management LP acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 75,000 shares of the industrial products company's stock, valued at approximately $2,988,000. Tetra Tech comprises about 1.2% of Arosa Capital Management LP's portfolio, making the stock its 17th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Tetra Tech during the 4th quarter valued at $39,000. Asset Planning Inc bought a new stake in shares of Tetra Tech during the 4th quarter valued at $40,000. Jones Financial Companies Lllp increased its position in shares of Tetra Tech by 98.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock valued at $40,000 after buying an additional 495 shares in the last quarter. Blue Trust Inc. increased its position in shares of Tetra Tech by 235.8% in the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock valued at $58,000 after buying an additional 1,014 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of Tetra Tech in the 4th quarter valued at $63,000. Institutional investors own 93.89% of the company's stock.

Insider Buying and Selling 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 shares were sold at an average price of $34.33, for a total value of $347,282.28. Following the transaction, the director now directly owns 60,196 shares of the company's stock, valued at $2,066,528.68. This represents a 14.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.40% of the company's stock.

Tetra Tech Stock Performance

Shares of TTEK stock traded down $0.08 on Wednesday, reaching $31.19. The stock had a trading volume of 1,783,974 shares, compared to its average volume of 2,002,925. 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 firm's 50-day moving average is $29.70 and its two-hundred day moving average is $37.29. The firm has a market capitalization of $8.36 billion, a price-to-earnings ratio of 32.76 and a beta of 0.89. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $51.20.

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

Analyst Ratings Changes

A number of research firms recently commented on TTEK. KeyCorp lowered their price objective on shares of Tetra Tech from $45.00 to $34.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Maxim Group cut shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a research report on Friday, January 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Tetra Tech currently has a consensus rating of "Moderate Buy" and an average target price of $45.72.

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.