Lecap Asset Management Ltd. Has $1.78 Million Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Lecap Asset Management Ltd. raised its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 71.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 44,769 shares of the industrial products company’s stock after buying an additional 18,635 shares during the period. Lecap Asset Management Ltd.’s holdings in Tetra Tech were worth $1,784,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in TTEK. Allworth Financial LP raised its holdings 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 purchasing an additional 472 shares during the last quarter. LGT Financial Advisors LLC boosted its holdings in Tetra Tech by 400.0% during the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock worth $26,000 after buying an additional 444 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of 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 buying an additional 587 shares during the period. Canton Hathaway LLC raised its position in shares of Tetra Tech by 400.0% in the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 516 shares during the period. Finally, USA Financial Formulas boosted its stake in Tetra Tech by 332.3% during the 3rd quarter. USA Financial Formulas now owns 709 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 545 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

Insider Buying and Selling at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total transaction of $347,282.28. Following the transaction, the director now directly owns 60,196 shares of the company’s stock, valued at approximately $2,066,528.68. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TTEK. StockNews.com lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. KeyCorp reduced their target price on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 target price on shares of Tetra Tech in a research note on Friday, November 15th. Maxim Group cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Robert W. Baird raised their price objective 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Tetra Tech has an average rating of “Moderate Buy” and a consensus price target of $48.52.

Tetra Tech Stock Down 0.9 %

Tetra Tech stock opened at $33.78 on Friday. The company has a fifty day simple moving average of $40.32 and a 200 day simple moving average of $44.07. The company has a current ratio of 1.29, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a 1-year low of $31.09 and a 1-year high of $51.20. The company has a market cap of $9.05 billion, a P/E ratio of 35.48 and a beta of 0.89.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, beating the consensus estimate 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 anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Wednesday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is presently 24.16%.

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.