First Pacific Financial Has $847,000 Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

First Pacific Financial trimmed its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,074 shares of the industrial products company’s stock after selling 107 shares during the period. First Pacific Financial’s holdings in Tetra Tech were worth $847,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Tetra Tech during the 4th quarter worth approximately $132,468,000. CI Private Wealth LLC acquired a new stake in Tetra Tech during the 4th quarter valued at $72,092,000. AEGON ASSET MANAGEMENT UK Plc bought a new position in Tetra Tech during the fourth quarter worth $82,209,000. Morgan Stanley increased its holdings in shares of Tetra Tech by 67.7% in the fourth quarter. Morgan Stanley now owns 602,765 shares of the industrial products company’s stock valued at $87,516,000 after purchasing an additional 243,312 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of Tetra Tech by 489.8% in the first quarter. Rockefeller Capital Management L.P. now owns 268,091 shares of the industrial products company’s stock valued at $39,384,000 after purchasing an additional 222,634 shares during the period. 93.89% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director J Kenneth Thompson sold 8,400 shares of Tetra Tech stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $165.00, for a total transaction of $1,386,000.00. Following the sale, the director now directly owns 14,485 shares of the company’s stock, valued at approximately $2,390,025. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Steven M. Burdick sold 7,128 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $165.01, for a total value of $1,176,191.28. Following the completion of the sale, the chief financial officer now directly owns 37,405 shares in the company, valued at $6,172,199.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Kenneth Thompson sold 8,400 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $165.00, for a total value of $1,386,000.00. Following the transaction, the director now owns 14,485 shares of the company’s stock, valued at $2,390,025. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,123 shares of company stock valued at $5,487,673. 0.61% of the stock is currently owned by corporate insiders.

Tetra Tech Trading Up 1.2 %

Shares of Tetra Tech stock opened at $184.64 on Thursday. The firm’s 50-day moving average price is $175.15 and its two-hundred day moving average price is $165.15. The company has a market capitalization of $9.88 billion, a price-to-earnings ratio of 42.74 and a beta of 0.96. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.61. Tetra Tech, Inc. has a 12-month low of $132.29 and a 12-month high of $190.14.

Tetra Tech (NASDAQ:TTEK) last announced 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. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $974.00 million. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. During the same period in the previous year, the business earned $1.34 earnings per share. On average, analysts forecast 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 was paid on Tuesday, February 27th. Investors of record on Wednesday, February 14th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Tuesday, February 13th. Tetra Tech’s dividend payout ratio (DPR) is presently 24.07%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TTEK. KeyCorp initiated coverage on shares of Tetra Tech in a research report on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 target price for the company. Royal Bank of Canada boosted their price objective on shares of Tetra Tech from $192.00 to $203.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Tetra Tech has an average rating of “Moderate Buy” and an average price target of $197.25.

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.