AE Wealth Management LLC Acquires Shares of 9,972 Tetra Tech, Inc. (NASDAQ:TTEK)

AE Wealth Management LLC acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,972 shares of the industrial products company's stock, valued at approximately $292,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA boosted its stake in shares of Tetra Tech by 3.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 14,502,940 shares of the industrial products company's stock valued at $424,209,000 after purchasing an additional 484,053 shares during the last quarter. Sarasin & Partners LLP bought a new position in shares of Tetra Tech during the 1st quarter worth approximately $144,799,000. Geode Capital Management LLC grew its position in shares of Tetra Tech by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 4,729,696 shares of the industrial products company's stock worth $188,487,000 after buying an additional 13,616 shares during the period. Robeco Schweiz AG increased its stake in shares of Tetra Tech by 30.3% in the 1st quarter. Robeco Schweiz AG now owns 3,192,116 shares of the industrial products company's stock valued at $93,369,000 after acquiring an additional 742,241 shares in the last quarter. Finally, Ninety One UK Ltd lifted its position in shares of Tetra Tech by 26.4% during the 1st quarter. Ninety One UK Ltd now owns 2,990,262 shares of the industrial products company's stock valued at $87,465,000 after acquiring an additional 625,052 shares during the period. 93.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Maxim Group lowered shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. KeyCorp upped their price target on Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Robert W. Baird raised their price objective on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $41.67.

Tetra Tech Stock Down 2.3%

Shares of Tetra Tech stock traded down $0.86 on Friday, hitting $35.88. The company had a trading volume of 2,564,622 shares, compared to its average volume of 1,645,896. The stock has a market capitalization of $9.45 billion, a price-to-earnings ratio of 44.85 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.10 and a current ratio of 1.18. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20. The stock has a 50 day moving average of $36.27 and a 200-day moving average of $33.62.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The business's revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.59 EPS. As a group, sell-side analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, August 15th. Tetra Tech's payout ratio is presently 37.68%.

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.