Blair William & Co. IL Has $3.68 Million Stock Position in 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 trimmed its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 30.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TTEK. Brighton Jones LLC acquired a new position in shares of Tetra Tech in the 4th quarter valued at $225,000. Resona Asset Management Co. Ltd. acquired a new stake in Tetra Tech in the fourth quarter valued at approximately $368,000. Bank of Nova Scotia lifted its holdings in shares of Tetra Tech by 24.1% during the fourth quarter. Bank of Nova Scotia now owns 641,860 shares of the industrial products company's stock worth $25,572,000 after purchasing an additional 124,619 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Tetra Tech by 150.3% during the fourth quarter. Renaissance Technologies LLC now owns 654,800 shares of the industrial products company's stock valued at $26,087,000 after purchasing an additional 393,200 shares during the period. Finally, Advisory Services Network LLC grew its position in Tetra Tech by 293.8% in the 4th quarter. Advisory Services Network LLC now owns 8,184 shares of the industrial products company's stock worth $326,000 after purchasing an additional 6,106 shares in the last quarter. Institutional investors own 93.89% of the company's stock.

Tetra Tech Trading Down 1.0%

Shares of TTEK stock traded down $0.36 during trading hours on Tuesday, hitting $36.46. The company had a trading volume of 519,027 shares, compared to its average volume of 2,448,876. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $51.20. The company's fifty day moving average is $36.48 and its 200 day moving average is $33.33. The stock has a market capitalization of $9.58 billion, a PE ratio of 45.52 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the business earned $1.59 EPS. Research analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.