MetLife Investment Management LLC raised its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,417 shares of the industrial products company's stock after acquiring an additional 12,578 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Tetra Tech worth $6,112,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Tetra Tech by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 25,912,103 shares of the industrial products company's stock valued at $1,032,338,000 after purchasing an additional 127,757 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Tetra Tech by 2.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 14,018,887 shares of the industrial products company's stock worth $558,512,000 after buying an additional 381,437 shares during the last quarter. Amundi raised its stake in shares of Tetra Tech by 2.5% during the 4th quarter. Amundi now owns 4,873,176 shares of the industrial products company's stock worth $194,314,000 after acquiring an additional 117,304 shares in the last quarter. Geode Capital Management LLC lifted its position in Tetra Tech by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 4,729,696 shares of the industrial products company's stock valued at $188,487,000 after acquiring an additional 13,616 shares during the last quarter. Finally, Norges Bank acquired a new stake in Tetra Tech in the fourth quarter valued at approximately $121,390,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the completion of the transaction, the director now directly owns 60,196 shares of the company's stock, valued at $2,066,528.68. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by corporate insiders.
Tetra Tech Stock Performance
NASDAQ TTEK traded down $0.32 during trading hours on Monday, reaching $30.89. The stock had a trading volume of 221,180 shares, compared to its average volume of 1,998,309. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $8.28 billion, a P/E ratio of 32.46 and a beta of 0.89. The stock has a fifty day moving average of $29.63 and a 200 day moving average of $37.50.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, topping 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%. Sell-side analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on TTEK shares. Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a research report on Friday, January 31st. Maxim Group downgraded Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, KeyCorp cut their price objective on shares of Tetra Tech from $45.00 to $34.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $45.72.
View Our Latest Analysis on Tetra Tech
About Tetra Tech
(
Free Report)
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.
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