Blair William & Co. IL Sells 55,932 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Key Points

• Blair William & Co. IL reduced its holdings in Tetra Tech, Inc. by 30.7% during Q1, owning 125,962 shares valued at $3,684,000 after selling 55,932 shares.
• Analysts have recently issued mixed ratings on Tetra Tech, with price targets ranging from $33.00 to $43.00, and an average rating of "Moderate Buy."
• Tetra Tech declared a quarterly dividend of $0.065 per share, reflecting an annualized yield of 0.7%, with the dividend set to be paid on August 29th.

Blair William & Co. IL decreased its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 30.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,962 shares of the industrial products company's stock after selling 55,932 shares during the quarter. Blair William & Co. IL's holdings in Tetra Tech were worth $3,684,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Fifth Third Bancorp raised its stake in Tetra Tech by 9.7% in the first quarter. Fifth Third Bancorp now owns 5,351 shares of the industrial products company's stock valued at $157,000 after buying an additional 475 shares during the period. TT International Asset Management LTD raised its stake in Tetra Tech by 3.1% in the first quarter. TT International Asset Management LTD now owns 16,993 shares of the industrial products company's stock valued at $497,000 after buying an additional 515 shares during the period. Cullen Frost Bankers Inc. raised its stake in Tetra Tech by 30.9% in the first quarter. Cullen Frost Bankers Inc. now owns 2,335 shares of the industrial products company's stock valued at $68,000 after buying an additional 551 shares during the period. Arkadios Wealth Advisors raised its stake in Tetra Tech by 3.0% in the first quarter. Arkadios Wealth Advisors now owns 21,314 shares of the industrial products company's stock valued at $623,000 after buying an additional 630 shares during the period. Finally, Xponance Inc. raised its stake in Tetra Tech by 1.6% in the first quarter. Xponance Inc. now owns 43,677 shares of the industrial products company's stock valued at $1,278,000 after buying an additional 674 shares during the period. Institutional investors own 93.89% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on TTEK. Wall Street Zen upgraded Tetra Tech from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Robert W. Baird upped their target price on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, KeyCorp upped their target price on Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.67.

Tetra Tech Stock Performance

Shares of Tetra Tech stock traded down $0.37 on Friday, hitting $36.87. The stock had a trading volume of 1,692,439 shares, compared to its average volume of 1,926,350. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The business's 50 day moving average is $36.43 and its two-hundred day moving average is $33.38. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 0.50. The stock has a market cap of $9.69 billion, a price-to-earnings ratio of 46.09 and a beta of 0.92.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.06. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%. The firm's quarterly 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 earnings per share. Analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. Tetra Tech's dividend payout ratio is currently 32.50%.

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.