WCM Investment Management LLC Acquires 8,394 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

WCM Investment Management LLC grew its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 339,938 shares of the industrial products company's stock after acquiring an additional 8,394 shares during the quarter. WCM Investment Management LLC owned 0.64% of Tetra Tech worth $57,127,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Contravisory Investment Management Inc. bought a new stake in Tetra Tech during the fourth quarter worth about $26,000. ST Germain D J Co. Inc. bought a new position in shares of Tetra Tech in the second quarter worth about $38,000. Farther Finance Advisors LLC lifted its holdings in shares of Tetra Tech by 79.9% in the second quarter. Farther Finance Advisors LLC now owns 241 shares of the industrial products company's stock worth $39,000 after acquiring an additional 107 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Tetra Tech by 165.9% in the fourth quarter. Meeder Asset Management Inc. now owns 242 shares of the industrial products company's stock worth $35,000 after acquiring an additional 151 shares during the last quarter. Finally, Millburn Ridgefield Corp bought a new position in shares of Tetra Tech in the third quarter worth about $37,000. Institutional investors own 93.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TTEK shares. KeyCorp started coverage on shares of Tetra Tech in a report on Wednesday, January 10th. They issued an "overweight" rating and a $191.00 target price for the company. Royal Bank of Canada increased their target price on shares of Tetra Tech from $192.00 to $203.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $197.25.

Insider Buying and Selling at Tetra Tech

In other news, CFO Steven M. Burdick sold 7,515 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total transaction of $1,320,160.05. Following the completion of the sale, the chief financial officer now owns 29,890 shares of the company's stock, valued at approximately $5,250,776.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Steven M. Burdick sold 7,515 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total transaction of $1,320,160.05. Following the completion of the sale, the chief financial officer now owns 29,890 shares of the company's stock, valued at approximately $5,250,776.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Brian N. Carter sold 5,580 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $176.52, for a total transaction of $984,981.60. Following the sale, the senior vice president now directly owns 8,360 shares of the company's stock, valued at approximately $1,475,707.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,123 shares of company stock valued at $5,487,673. 0.61% of the stock is currently owned by company insiders.

Tetra Tech Trading Down 1.0 %

Shares of Tetra Tech stock traded down $2.00 on Friday, hitting $192.00. The stock had a trading volume of 292,536 shares, compared to its average volume of 243,371. The firm has a market capitalization of $10.27 billion, a P/E ratio of 44.44 and a beta of 0.96. The stock has a 50 day moving average of $181.85 and a 200 day moving average of $168.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.25. Tetra Tech, Inc. has a twelve month low of $132.29 and a twelve month high of $194.99.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its earnings results on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.05. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $974.00 million. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. During the same quarter in the prior year, the firm posted $1.34 EPS. Sell-side analysts expect that Tetra Tech, Inc. will post 6.07 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Tuesday, February 13th. Tetra Tech's dividend payout ratio is presently 24.07%.

Tetra Tech 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.