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

Lecap Asset Management Ltd. boosted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 71.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 44,769 shares of the industrial products company’s stock after acquiring 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 Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Tetra Tech by 14.1% during the 2nd quarter. AQR Capital Management LLC now owns 4,056 shares of the industrial products company’s stock worth $829,000 after buying an additional 502 shares in the last quarter. Cetera Investment Advisers boosted its position in Tetra Tech by 17.8% in the second quarter. Cetera Investment Advisers now owns 10,137 shares of the industrial products company’s stock valued at $2,073,000 after buying an additional 1,532 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Tetra Tech during the 2nd quarter worth $995,000. SG Americas Securities LLC increased its stake in shares of Tetra Tech by 14.5% in the third quarter. SG Americas Securities LLC now owns 8,886 shares of the industrial products company’s stock valued at $419,000 after buying an additional 1,127 shares during the period. Finally, Park Avenue Securities LLC raised its stake in shares of Tetra Tech by 270.0% during the third quarter. Park Avenue Securities LLC now owns 9,032 shares of the industrial products company’s stock valued at $426,000 after acquiring an additional 6,591 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Price Performance

Shares of TTEK stock opened at $33.78 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.25 and a current ratio of 1.29. Tetra Tech, Inc. has a fifty-two week low of $31.09 and a fifty-two week high of $51.20. The firm has a market cap of $9.05 billion, a P/E ratio of 35.48 and a beta of 0.89. The business’s 50 day moving average price is $40.32 and its 200-day moving average price is $44.07.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) 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%. On average, equities research analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

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

Insider Activity at Tetra Tech

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the stock in a transaction 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 sale, the director now directly owns 60,196 shares in the company, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on TTEK. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 target price on shares of Tetra Tech in a research note on Friday, November 15th. KeyCorp reduced their price objective on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Robert W. Baird increased their price target on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Maxim Group downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, StockNews.com cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tetra Tech has a consensus rating of “Moderate Buy” and an average target price of $48.52.

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.