SRS Capital Advisors Inc. Has $39,000 Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

SRS Capital Advisors Inc. lifted its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 305.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235 shares of the industrial products company’s stock after buying an additional 177 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Tetra Tech were worth $39,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Contravisory Investment Management Inc. acquired a new stake in Tetra Tech during the 4th quarter worth $26,000. Millburn Ridgefield Corp acquired a new stake in shares of Tetra Tech during the third quarter worth $37,000. GAMMA Investing LLC bought a new stake in Tetra Tech in the fourth quarter valued at about $38,000. McGlone Suttner Wealth Management Inc. acquired a new position in Tetra Tech in the fourth quarter valued at about $89,000. Finally, Fifth Third Bancorp boosted its holdings in Tetra Tech by 39.1% during the third quarter. Fifth Third Bancorp now owns 718 shares of the industrial products company’s stock worth $109,000 after buying an additional 202 shares during the last quarter. 93.89% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Steven M. Burdick sold 7,515 shares of Tetra Tech stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total value of $1,320,160.05. Following the sale, the chief financial officer now directly owns 29,890 shares in the company, valued at $5,250,776.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Brian N. Carter sold 5,580 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $176.52, for a total transaction of $984,981.60. Following the completion of the transaction, the senior vice president now directly owns 8,360 shares of the company’s stock, valued at $1,475,707.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven M. Burdick sold 7,515 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total value of $1,320,160.05. Following the completion of the transaction, the chief financial officer now owns 29,890 shares of the company’s stock, valued at $5,250,776.30. The disclosure for this sale can be found here. Insiders sold a total of 32,123 shares of company stock valued at $5,487,673 in the last quarter. 0.61% of the stock is currently owned by insiders.

Tetra Tech Stock Up 1.7 %

Shares of TTEK stock opened at $207.75 on Friday. Tetra Tech, Inc. has a 12-month low of $132.29 and a 12-month high of $208.76. The company has a quick ratio of 1.25, a current ratio of 1.24 and a debt-to-equity ratio of 0.60. The firm has a fifty day moving average of $186.65 and a 200-day moving average of $171.67. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 42.05 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, May 1st. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. Tetra Tech had a return on equity of 21.16% and a net margin of 5.36%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the company earned $1.17 EPS. The company’s revenue was down 9.5% on a year-over-year basis. As a group, equities research analysts predict that Tetra Tech, Inc. will post 6.2 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 20th will be paid a $0.29 dividend. This is a boost from Tetra Tech’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, May 17th. This represents a $1.16 annualized dividend and a yield of 0.56%. Tetra Tech’s payout ratio is presently 21.05%.

Analysts Set New Price Targets

A number of analysts have recently commented on TTEK shares. Royal Bank of Canada upped their price target on Tetra Tech from $203.00 to $233.00 and gave the company an “outperform” rating in a research note on Friday. Robert W. Baird increased their target price on shares of Tetra Tech from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday. KeyCorp boosted their price target on shares of Tetra Tech from $209.00 to $219.00 and gave the company an “overweight” rating in a report on Friday. Maxim Group raised their price objective on Tetra Tech from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, StockNews.com raised Tetra Tech from a “hold” rating to a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $221.40.

Tetra Tech Company 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.