Catalyst Capital Advisors LLC Has $2.13 Million Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

Catalyst Capital Advisors LLC raised its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 16.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,960 shares of the industrial products company's stock after purchasing an additional 10,159 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Tetra Tech were worth $2,134,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp raised its position in Tetra Tech by 98.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock valued at $40,000 after buying an additional 495 shares during the last quarter. Caption Management LLC bought a new position in shares of Tetra Tech during the 4th quarter worth approximately $40,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of 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 valued at $49,000 after purchasing an additional 1,483 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Tetra Tech in the fourth quarter worth $61,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in Tetra Tech during the fourth quarter worth $63,000. Institutional investors and hedge funds own 93.89% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Robert W. Baird lifted their price target on shares of Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. KeyCorp lifted their target price on Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Maxim Group lowered Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Three equities 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 has a consensus rating of "Hold" and a consensus price target of $41.00.

Tetra Tech Stock Performance

NASDAQ TTEK traded down $0.89 on Friday, hitting $35.72. 1,552,388 shares of the stock were exchanged, compared to its average volume of 2,129,258. The business's fifty day moving average is $34.79 and its 200 day moving average is $34.03. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $51.20. The company has a market capitalization of $9.41 billion, a PE ratio of 51.91 and a beta of 0.94. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.10 and a quick ratio of 1.10.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its earnings results 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 the consensus estimate of $1.05 billion. Tetra Tech had a net margin of 3.44% and a return on equity of 23.31%. Tetra Tech's revenue was up 25.9% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS. Research analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.065 per share. This is an increase from Tetra Tech's previous quarterly dividend of $0.06. The ex-dividend date was Friday, May 23rd. This represents a $0.26 annualized dividend and a yield of 0.73%. Tetra Tech's dividend payout ratio (DPR) is currently 37.68%.

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.