Spire Wealth Management Sells 18,166 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Spire Wealth Management trimmed its position in Tetra Tech, Inc. (NASDAQ:TTEKFree Report) by 90.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,962 shares of the industrial products company’s stock after selling 18,166 shares during the quarter. Spire Wealth Management’s holdings in Tetra Tech were worth $298,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTEK. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Tetra Tech during the 2nd quarter worth about $29,000. Meeder Asset Management Inc. grew its holdings in Tetra Tech by 165.9% during the fourth quarter. Meeder Asset Management Inc. now owns 242 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 151 shares during the period. Millburn Ridgefield Corp purchased a new position in Tetra Tech during the third quarter valued at approximately $37,000. ST Germain D J Co. Inc. acquired a new position in Tetra Tech in the second quarter valued at approximately $38,000. Finally, Farther Finance Advisors LLC boosted its position in Tetra Tech by 79.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 241 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Brian N. Carter sold 1,474 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $165.58, for a total value of $244,064.92. Following the completion of the sale, the senior vice president now owns 8,360 shares of the company’s stock, valued at $1,384,248.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Tetra Tech news, SVP Brian N. Carter sold 1,474 shares of Tetra Tech stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $165.58, for a total transaction of $244,064.92. Following the transaction, the senior vice president now directly owns 8,360 shares of the company’s stock, valued at $1,384,248.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Preston Hopson III sold 1,395 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $164.13, for a total transaction of $228,961.35. Following the completion of the sale, the senior vice president now directly owns 14,792 shares of the company’s stock, valued at approximately $2,427,810.96. The disclosure for this sale can be found here. Insiders have sold 47,760 shares of company stock valued at $7,794,178 in the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TTEK has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on shares of Tetra Tech from $192.00 to $203.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. KeyCorp started coverage on shares of Tetra Tech in a research note on Wednesday, January 10th. They set an “overweight” rating and a $191.00 target price on the stock. Finally, Robert W. Baird lifted their price target on Tetra Tech from $172.00 to $180.00 and gave the company a “neutral” rating in a research note on Thursday, November 16th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $197.25.

View Our Latest Analysis on Tetra Tech

Tetra Tech Price Performance

NASDAQ:TTEK opened at $178.08 on Friday. The stock has a 50 day moving average of $165.34 and a two-hundred day moving average of $161.24. Tetra Tech, Inc. has a 12 month low of $131.19 and a 12 month high of $178.65. The firm has a market cap of $9.47 billion, a P/E ratio of 41.22 and a beta of 0.95. The company has a current ratio of 1.25, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61.

Tetra Tech (NASDAQ:TTEKGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.35 by $0.05. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $974.00 million. During the same period in the prior year, the company earned $1.34 EPS. On average, analysts expect that Tetra Tech, Inc. will post 6.07 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Wednesday, February 14th will be issued a $0.26 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $1.04 dividend on an annualized basis and a yield of 0.58%. Tetra Tech’s payout ratio is 24.07%.

Tetra Tech Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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