Robeco Institutional Asset Management B.V. Buys 459,899 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Robeco Institutional Asset Management B.V. grew its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 382.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 580,284 shares of the industrial products company’s stock after acquiring an additional 459,899 shares during the period. Robeco Institutional Asset Management B.V. owned 0.22% of Tetra Tech worth $23,119,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of TTEK. Allworth Financial LP boosted its position in Tetra Tech by 629.3% during the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock worth $26,000 after buying an additional 472 shares during the period. LGT Financial Advisors LLC raised its position in Tetra Tech by 400.0% during the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 444 shares during the last quarter. Venturi Wealth Management LLC raised its position in Tetra Tech by 3,261.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 587 shares during the last quarter. Canton Hathaway LLC lifted its holdings in Tetra Tech by 400.0% during the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock worth $30,000 after buying an additional 516 shares during the period. Finally, USA Financial Formulas increased its position in Tetra Tech by 332.3% during the 3rd quarter. USA Financial Formulas now owns 709 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 545 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Stock Down 2.9 %

TTEK stock opened at $36.57 on Friday. The stock’s 50 day moving average is $40.83 and its 200-day moving average is $44.23. Tetra Tech, Inc. has a twelve month low of $31.09 and a twelve month high of $51.20. The firm has a market capitalization of $9.80 billion, a PE ratio of 29.68 and a beta of 0.90. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.44.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 6.41% and a return on equity of 20.64%. Sell-side analysts expect that Tetra Tech, Inc. will post 1.45 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a $0.058 dividend. This represents a $0.23 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Wednesday, February 12th. Tetra Tech’s dividend payout ratio is presently 18.67%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. StockNews.com lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Robert W. Baird raised their target price on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. KeyCorp dropped their price target on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price target on shares of Tetra Tech in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus 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.