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Manufacturers’ Life Insurance Company reduced its stake in Tetra Tech (NASDAQ:TTEK – Get Rating) by 3.8% in the third quarter, according to the latest 13F filings with the Securities and Exchange Commission. The institutional investor owned his 43,291 shares in the industrial products company after selling 1,725 of his shares during the quarter. Manufacturers’ Life Insurance Company said at the end of the most recent quarter he owned about 0.08% of Tetra Tech worth $5,564,000.
A number of other institutional investors have also recently changed their holdings of TTEK. Brown Brothers Harriman & Co. bought a new stake in his Tetra Tech for his $25,000 equivalent in the second quarter. Private Trust Co. NA increased his Tetra Tech holdings by 64.3% in the third quarter. Private Trust Co. NA now owns 253 shares of the industrial products company worth $33,000 after acquiring an additional 99 shares during the previous quarter. Clear Investment Research LLC bought a new stake in Tetra Tech for his $39,000 in the third quarter. Quantbot Technologies LP bought a new stake in his Tetra Tech for $39,000 in the second quarter. Finally, Householder Group Estate & Retirement Specialist LLC purchased new shares of Tetra Tech for $40,000 in the third quarter. 85.28% of the shares are currently owned by hedge funds and other institutional investors.
Tetra Tech Trading Up 0.1 %
Shares of NASDAQ TTEK opened Monday at $153.88. Tetra Tech, Inc. has a one-year low of $118.55 and a one-year high of $169.95. The stock has a market cap of $8.19 billion, a P/E of 31.60 and a beta of 0.93. The company has a 50-day moving average of $149.46 and a 200-day moving average of $143.13. The company has a debt to equity ratio of 0.21, a current ratio of 1.26 and a quick ratio of 1.26.
Tetra Tech (NASDAQ:TTEK – Get Rating) last reported quarterly results on Wednesday, November 9th. The industrial products company earned $1.26 in earnings per share (EPS) for the quarter, $0.09 above analyst consensus expectations of $1.17. Tetra Tech had a net profit margin of 7.51% and a return on equity of 20.02%. The company posted revenue of $736.1 million for the quarter, compared with analyst estimates of $712.86 million. For the same period last year, the company posted his EPS of $1.05. Tetra Tech revenue increased 11.8% year-on-year. As a group, sell-side analysts expect Tetra Tech, Inc. to post his 4.84 EPS for the current financial year.
Tetratec Announces Dividend
The company recently announced its quarterly dividend, which was paid out on Friday, December 9th. Shareholders of record on Monday, November 21 were paid a dividend of $0.23 per share. The ex-dividend date for this dividend was Friday, November 18. This represents his $0.92 dividend and his 0.60% yield on an annual basis. TetraTech’s dividend payout ratio is currently 18.89%.
Wall Street Analyst Predicts Growth
Many brokerage firms publish reports on TTEK. Maxim Group increased its price target on Tetra Tech shares from $190.00 to $200.00 in its report on Friday, November 11th. StockNews.com upgraded Tetra Tech’s stock from a ‘hold’ rating to a ‘buy’ rating in a report on Saturday, December 17th.
Insider trading on Tetra Tech
In other news, CEO Dan L. Batrack sold 30,000 shares of Tetra Tech stock in a transaction that took place on Thursday, December 15th. The shares were sold at an average price of $153.63 for a total of $4,608,900.00. Following the closing of the sale, the CEO now directly owns 48,487 shares in the company, valued at $7,449,057.81. The sale was disclosed in documents filed with the Securities and Exchange Commission which can be accessed via this hyperlink. In separate news, senior vice president Preston Hopson III sold Tetra’s 3,616 shares of his Tech stake in a transaction that took place on Monday, November 21st. The shares sold for an average of $157.52, giving him a total of $569,592.32. Following the closing of the sale, the Senior Vice President now directly owns 10,395 shares of the company, valued at $1,637,420.40. The sale was disclosed in documents filed with the Securities and Exchange Commission which can be accessed via this hyperlink. CEO Dan L. Battrak also sold 30,000 shares of his Tech stake in Tetra in a deal that took place on Thursday, Dec. 15. The shares were sold at an average price of $153.63 and the transaction totaled him $4,608,900.00. Following the closing of the sale, the CEO now owns 48,487 shares of the Company’s stock valued at $7,449,057.81. Please see here for the disclosure of this sale. In the past 90 days, the insider has sold 58,580 shares of his company stock worth $9,093,178. His 0.76% of the shares are owned by corporate insiders.
About Tetratec
(get rating)
Tetra Tech, Inc is engaged in providing consulting and engineering services. It operates through the Government Services Group (GSG), Commercial and International Services Group (CIG), and Rehabilitation and Construction Management (RCM) segments. The GSG segment provides consulting and engineering services primarily to U.S. government clients, including federal, state and local, as well as development agencies around the world.
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Want to know which other hedge funds hold TTEK? Visit HoldingsChannel.com to get the latest 13F filings and insider trading from Tetra Tech, Inc. (NASDAQ:TTEK – Get Rating).
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