Amundi Buys 117,304 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Amundi increased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,873,176 shares of the industrial products company’s stock after buying an additional 117,304 shares during the quarter. Amundi owned 1.82% of Tetra Tech worth $194,314,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in Tetra Tech by 406.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company’s stock worth $222,466,000 after acquiring an additional 3,785,189 shares during the last quarter. Robeco Schweiz AG boosted its holdings in Tetra Tech by 26.5% during the fourth quarter. Robeco Schweiz AG now owns 2,449,875 shares of the industrial products company’s stock worth $97,603,000 after purchasing an additional 512,931 shares during the last quarter. abrdn plc boosted its holdings in Tetra Tech by 7.6% during the fourth quarter. abrdn plc now owns 2,269,777 shares of the industrial products company’s stock worth $90,031,000 after purchasing an additional 159,701 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Tetra Tech by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,081,839 shares of the industrial products company’s stock worth $82,940,000 after purchasing an additional 11,356 shares in the last quarter. Finally, Premier Fund Managers Ltd increased its stake in Tetra Tech by 400.0% in the 3rd quarter. Premier Fund Managers Ltd now owns 1,500,000 shares of the industrial products company’s stock valued at $69,615,000 after buying an additional 1,200,000 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TTEK. KeyCorp reduced their target price on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a research note on Friday, January 31st. Maxim Group cut Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Robert W. Baird boosted their price target 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. Finally, StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $47.92.

Tetra Tech Price Performance

NASDAQ TTEK opened at $30.02 on Monday. The company has a market cap of $8.05 billion, a PE ratio of 31.53 and a beta of 0.93. 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 simple moving average is $35.52 and its two-hundred day simple moving average is $42.03. Tetra Tech, Inc. has a 52 week low of $28.17 and a 52 week high of $51.20.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share 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%. Research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $0.058 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.77%. Tetra Tech’s payout ratio is 24.21%.

Insider Buying and Selling

In other news, Director Kirsten M. Volpi sold 10,116 shares of the company’s stock in a transaction on 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 owns 60,196 shares of the company’s stock, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is currently owned by insiders.

About Tetra Tech

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.