Van ECK Associates Corp, a well-known investment management service provider, recently decreased its holdings in shares of industrial products company Tetra Tech, Inc. by 14.7% during the 4th quarter. According to their recent statement with the Securities & Exchange Commission (SEC), Van ECK Associates held a total of 17,383 shares in Tetra Tech’s stock after selling 2,986 shares during the same period. The fair value of Van ECK’s holdings in Tetra Tech was estimated at $2,524,000 as of the latest SEC filing.
In other news related to Tetra Tech’s stock market performance, Director Kirsten M. Volpi sold 900 shares of the company’s stock in a transaction completed on February 16th this year. These shares were sold at an average price of $145.74 per share for a total value of $131,166.00. Following the sale, Kirsten M. Volpi now directly owns 11,563 shares of the company’s stock valued at approximately $1,685,191.62 USD. The sale was disclosed through an official filing with the SEC and can be accessed through this link by interested parties.
As per available records so far today from established financial data sources such as Yahoo Finance and others covering discussions regarding stocks that are under close consideration currently among investors and analysts alike across varying sectors – we have learned that Tetra Tech opened trading today at $147.03 USD on NASDAQ exchange.
The company has a fifty-day moving average of $141.13 and a two hundred-day moving average of $145.45 which also affects its current performance while it strives to stabilize customer confidence throughout these challenging economic times driven by global pandemic concerns along with numerous other factors affecting businesses worldwide.
Tetra Tech boasts a 52-week low level reaching down to $118.55 alongside a high level it achieved within the same time-frame at $169.67, indicative of both the potential reward and market risks that come with investing in any given company. The firm has a quick ratio of 1.42, a current ratio of 1.42, and a debt-to-equity ratio of 0.18 which are important fundamental indicators investors take into consideration while examining stocks.
The firm also currently has a market capitalization level standing at $7.83 billion USD, coupled with its present price/earnings ratio (P/E Ratio) rating at 25.35 – representing how much an investor is willing to pay per share for the pricing multiples for earnings-per-share (EPS). The lower the P/E ratio usually suggests a stock that’s trading at cheaper levels relative to its peers, while a higher P/E ratio may suggest the opposite – therefore it’s vital to follow these markers regularly to make informed and sound investment decisions in this and other similar cases.
As always, insiders continue monitoring Tetra Tech’s corporate integrity measures and following mandates from the Securities & Exchange Commission alongside their followers among individual investors in today’s dynamic global markets that are ever changing shapes & suggesting sounds for patient strategic planning!
Tetra Tech’s Strong Earnings and Insider Investments Attract Hedge Funds and Institutional Investors
Tetra Tech, an American engineering and consulting company specializing in water, environment, infrastructure, resource management, and energy services, has been making moves in the financial markets recently. Hedge funds and institutional investors have made changes to their positions in the company; for example, Massmutual Trust Co. FSB ADV grew its holdings by 1,464.3% during Q4 2020. Additionally, several brokerages have rated Tetra Tech positively; Robert W. Baird increased the target price of Tetra Tech to $170.00 from $164.00.
These market shifts come as Tetra Tech reported robust quarterly earnings data on May 10th. The company posted $1.17 EPS for the quarter compared to analyst expectations of $0.96 EPS, indicating that it has beaten market expectations by a staggering 21 cents per share.
Tetra Tech is also increasing its dividend payment to shareholders from $0.23 per share to $0.26 per share; this represents a positive change and signals confidence in financial performance moving forward.
In related news, Director Kirsten M.Volpi sold 900 shares of Tetra Tech’s stock last February at an average price of $145.74 per share for a total transaction value of $131,166; he now holds 11,563 shares worth approximately $1,685,191.
Overall hedge funds and other institutional investors own around 85% of Tetra Tech’s stock with insiders owning an additional just over 0.76%. Analysts predict that Tetra Tech will post EPS of 5.02 for the current year based on recent financial performance.
Despite lacking widespread notoriety outside of industry circles and Wall Street analysts’ recommendation lists,Tetra Tech appears poised for long-term growth based on robust quarterly performance results paired with sound business fundamentals supported by insider investment decisions — all factors which consider investing professionals agree make it a penny stock worth keeping an eye on.
