Tetra Tech, Inc. (NASDAQ:TTEK) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 77.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,927 shares of the industrial products company's stock after selling 73,502 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Tetra Tech were worth $612,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sarasin & Partners LLP acquired a new position in shares of Tetra Tech during the first quarter worth about $144,799,000. Norges Bank acquired a new position in shares of Tetra Tech during the fourth quarter worth about $121,390,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of Tetra Tech by 814.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,267,296 shares of the industrial products company's stock worth $90,329,000 after purchasing an additional 2,019,295 shares in the last quarter. Bain Capital Public Equity Management II LLC lifted its stake in shares of Tetra Tech by 149.5% during the fourth quarter. Bain Capital Public Equity Management II LLC now owns 2,409,928 shares of the industrial products company's stock worth $96,012,000 after purchasing an additional 1,443,939 shares in the last quarter. Finally, Capital International Investors acquired a new position in shares of Tetra Tech during the fourth quarter worth about $43,895,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Up 0.2%

Shares of NASDAQ:TTEK traded up $0.07 during trading on Friday, hitting $36.59. The company's stock had a trading volume of 1,672,690 shares, compared to its average volume of 2,144,168. 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, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $51.20. The stock's 50-day moving average price is $35.31 and its two-hundred day moving average price is $33.86. The company has a market capitalization of $9.64 billion, a PE ratio of 53.18 and a beta of 0.94.

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

Tetra Tech Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were issued a $0.065 dividend. This is a positive change from Tetra Tech's previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Friday, May 23rd. Tetra Tech's payout ratio is currently 37.68%.

Wall Street Analyst Weigh In

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

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.