Toronto Dominion Bank purchased a new position in Tetra Tech, Inc. (NASDAQ:TTEK – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,300 shares of the industrial products company’s stock, valued at approximately $2,089,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. TimesSquare Capital Management LLC increased its position in Tetra Tech by 37.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 413,875 shares of the industrial products company’s stock worth $70,276,000 after purchasing an additional 113,145 shares during the last quarter. Sumitomo Life Insurance Co. bought a new stake in Tetra Tech in the fourth quarter worth $670,000. Cambridge Investment Research Advisors Inc. purchased a new position in Tetra Tech during the fourth quarter worth $202,000. Virginia Retirement Systems ET AL boosted its stake in Tetra Tech by 29.6% during the fourth quarter. Virginia Retirement Systems ET AL now owns 7,000 shares of the industrial products company’s stock worth $1,189,000 after buying an additional 1,600 shares during the period. Finally, Mutual of America Capital Management LLC boosted its stake in Tetra Tech by 0.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 87,322 shares of the industrial products company’s stock worth $14,827,000 after buying an additional 319 shares during the period. Institutional investors own 85.91% of the company’s stock.
In other Tetra Tech news, SVP William R. Brownlie sold 8,967 shares of the business’s stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $165.13, for a total value of $1,480,720.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick C. Haden sold 318 shares of the business’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $164.54, for a total transaction of $52,323.72. The disclosure for this sale can be found here. Insiders sold 10,185 shares of company stock valued at $1,673,750 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.
Tetra Tech (NASDAQ:TTEK – Get Rating) last released its quarterly earnings data on Wednesday, February 2nd. The industrial products company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.16. The firm had revenue of $679.33 million during the quarter, compared to the consensus estimate of $662.99 million. Tetra Tech had a return on equity of 18.28% and a net margin of 7.53%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. On average, analysts anticipate that Tetra Tech, Inc. will post 4.28 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 25th. Investors of record on Friday, February 11th were issued a $0.20 dividend. The ex-dividend date was Thursday, February 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.55%. Tetra Tech’s payout ratio is currently 17.58%.
Several research firms have commented on TTEK. Robert W. Baird dropped their price objective on shares of Tetra Tech from $176.00 to $163.00 in a research note on Thursday, February 3rd. StockNews.com began coverage on shares of Tetra Tech in a research note on Thursday, March 31st. They set a “buy” rating for the company.
Tetra Tech Company Profile (Get Rating)
Tetra Tech, Inc provides consulting and engineering services worldwide. 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.
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