Vontobel Holding Ltd. Acquires 14,334 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Vontobel Holding Ltd. grew its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 533,587 shares of the industrial products company's stock after purchasing an additional 14,334 shares during the period. Vontobel Holding Ltd. owned 1.00% of Tetra Tech worth $89,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Contravisory Investment Management Inc. bought a new position in shares of Tetra Tech during the fourth quarter worth about $26,000. Meeder Asset Management Inc. grew its position in shares of Tetra Tech by 165.9% during 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. Millburn Ridgefield Corp bought a new position in shares of Tetra Tech during the third quarter worth about $37,000. ST Germain D J Co. Inc. bought a new position in shares of Tetra Tech during the second quarter worth about $38,000. Finally, Farther Finance Advisors LLC grew its position in shares of Tetra Tech by 79.9% during 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. 93.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TTEK. KeyCorp began coverage on shares of Tetra Tech in a research 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 company an "outperform" rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Tetra Tech currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.25.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK traded down $2.00 during trading hours on Friday, hitting $192.00. 292,536 shares of the company's stock traded hands, compared to its average volume of 243,371. Tetra Tech, Inc. has a 52 week low of $132.29 and a 52 week high of $194.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.25. The company's fifty day simple moving average is $181.85 and its two-hundred day simple moving average is $168.16. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 44.44 and a beta of 0.96.

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

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Wednesday, February 14th were paid 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 was Tuesday, February 13th. Tetra Tech's dividend payout ratio is presently 24.07%.

Insider Buying and Selling at Tetra Tech

In other news, Director J Kenneth Thompson sold 8,400 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $165.00, for a total value of $1,386,000.00. Following the completion of the sale, the director now directly owns 14,485 shares of the company's stock, valued at $2,390,025. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director J Kenneth Thompson sold 8,400 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $165.00, for a total value of $1,386,000.00. Following the completion of the sale, the director now directly owns 14,485 shares of the company's stock, valued at $2,390,025. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brian N. Carter sold 5,580 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $176.52, for a total transaction of $984,981.60. Following the transaction, the senior vice president now directly owns 8,360 shares in the company, valued at approximately $1,475,707.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,123 shares of company stock valued at $5,487,673. 0.61% of the stock is currently owned by corporate insiders.

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.