Robeco Institutional Asset Management B.V. Grows Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Robeco Institutional Asset Management B.V. lifted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 382.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 580,284 shares of the industrial products company’s stock after acquiring an additional 459,899 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Tetra Tech were worth $23,119,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of Tetra Tech during the 2nd quarter valued at approximately $54,000. Allworth Financial LP lifted its position in shares of Tetra Tech by 629.3% during the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 472 shares in the last quarter. LGT Financial Advisors LLC boosted its stake in Tetra Tech by 400.0% in 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 period. Venturi Wealth Management LLC grew its holdings 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 valued at $29,000 after buying an additional 587 shares in the last quarter. Finally, Canton Hathaway LLC increased its position in shares of Tetra Tech by 400.0% during the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock valued at $30,000 after buying an additional 516 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Analyst Upgrades and Downgrades

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

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $36.57 on Friday. The company has a market capitalization of $9.80 billion, a price-to-earnings ratio of 29.68 and a beta of 0.90. The business has a 50 day moving average of $40.83 and a 200 day moving average of $44.23. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.25. Tetra Tech, Inc. has a 1-year low of $31.09 and a 1-year high of $51.20.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Tetra Tech had a net margin of 6.41% and a return on equity of 20.64%. On average, sell-side analysts predict that Tetra Tech, Inc. will post 1.45 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

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

Tetra Tech 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.