Union Bancaire Privee UBP SA Invests $4.46 Million in Tetra Tech, Inc. (NASDAQ:TTEK)

Union Bancaire Privee UBP SA bought a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 112,039 shares of the industrial products company’s stock, valued at approximately $4,463,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTEK. Harbor Capital Advisors Inc. increased its holdings in Tetra Tech by 630.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company’s stock valued at $1,718,000 after buying an additional 31,445 shares during the period. Arkadios Wealth Advisors increased its stake in Tetra Tech by 615.8% in the third quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock valued at $1,052,000 after acquiring an additional 19,193 shares during the period. SFE Investment Counsel raised its position in Tetra Tech by 374.8% in the third quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company’s stock worth $1,713,000 after purchasing an additional 28,679 shares in the last quarter. Perpetual Ltd raised its position in Tetra Tech by 9.6% in the fourth quarter. Perpetual Ltd now owns 215,042 shares of the industrial products company’s stock worth $8,567,000 after purchasing an additional 18,842 shares in the last quarter. Finally, Caldwell Investment Management Ltd. lifted its stake in Tetra Tech by 400.0% during the third quarter. Caldwell Investment Management Ltd. now owns 46,500 shares of the industrial products company’s stock worth $2,157,000 after purchasing an additional 37,200 shares during the period. 93.89% of the stock is owned by institutional investors.

Tetra Tech Stock Down 2.6 %

NASDAQ TTEK opened at $38.37 on Monday. The stock has a market capitalization of $10.28 billion, a P/E ratio of 31.14 and a beta of 0.90. Tetra Tech, Inc. has a 52 week low of $31.61 and a 52 week high of $51.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a fifty day moving average of $41.06 and a 200-day moving average of $44.30.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $0.058 dividend. This represents a $0.23 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Wednesday, November 27th. Tetra Tech’s dividend payout ratio (DPR) is presently 18.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TTEK. StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Robert W. Baird upped their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Tetra Tech in a research note on Friday, November 15th. Finally, KeyCorp lowered their target price on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.32.

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.