Asset Management One Co. Ltd. Sells 37,760 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Asset Management One Co. Ltd. cut its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 12.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 270,236 shares of the industrial products company's stock after selling 37,760 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.10% of Tetra Tech worth $7,900,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp grew its stake in shares of Tetra Tech by 98.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock worth $40,000 after purchasing an additional 495 shares during the last quarter. Caption Management LLC bought a new stake in shares of Tetra Tech during the 4th quarter valued at $40,000. Edmond DE Rothschild Holding S.A. bought a new stake in Tetra Tech during the fourth quarter worth about $63,000. Johnson Financial Group Inc. bought a new stake in Tetra Tech in the fourth quarter worth $61,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Tetra Tech by 734.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,685 shares of the industrial products company's stock worth $49,000 after acquiring an additional 1,483 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Price Performance

TTEK opened at $35.64 on Friday. The stock has a market capitalization of $9.39 billion, a P/E ratio of 51.80 and a beta of 0.95. The company's 50-day simple moving average is $34.27 and its two-hundred day simple moving average is $34.23. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.10 and a current ratio of 1.10.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.05 billion. Tetra Tech had a net margin of 3.44% and a return on equity of 23.31%. The firm's revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. As a group, analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Friday, May 23rd. This is a boost from Tetra Tech's previous quarterly dividend of $0.06. Tetra Tech's dividend payout ratio is 37.68%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Maxim Group cut shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. KeyCorp upped their target price on shares of Tetra Tech from $34.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Robert W. Baird upped their price objective on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $41.00.

Tetra Tech 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.

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