Catalyst Capital Advisors LLC increased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 16.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,960 shares of the industrial products company's stock after buying an additional 10,159 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Tetra Tech were worth $2,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its stake in Tetra Tech by 98.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock worth $40,000 after buying an additional 495 shares during the last quarter. Caption Management LLC purchased a new position in Tetra Tech during the 4th quarter worth $40,000. MassMutual Private Wealth & Trust FSB grew its stake in Tetra Tech by 734.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,685 shares of the industrial products company's stock worth $49,000 after buying an additional 1,483 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in Tetra Tech during the 4th quarter worth $61,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in Tetra Tech during the 4th quarter worth $63,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. KeyCorp boosted their target price on Tetra Tech from $34.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Maxim Group cut Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Tetra Tech has a consensus rating of "Hold" and an average target price of $41.00.
Get Our Latest Report on Tetra Tech
Tetra Tech Stock Performance
NASDAQ TTEK traded down $0.20 on Monday, reaching $36.40. 1,075,572 shares of the company's stock traded hands, compared to its average volume of 2,127,867. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two 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. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 52.91 and a beta of 0.94. The stock has a 50 day moving average price of $34.89 and a 200-day moving average price of $33.91.
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 (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.05 billion. Tetra Tech had a return on equity of 23.31% and a net margin of 3.44%. The company's revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. Equities research analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.
Tetra Tech Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.71%. 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 payout ratio is 37.68%.
Tetra Tech Profile
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Free Report)
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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