CX Institutional Has $44,000 Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

CX Institutional lowered its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 92.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,520 shares of the industrial products company's stock after selling 18,906 shares during the quarter. CX Institutional's holdings in Tetra Tech were worth $44,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Tetra Tech by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 25,912,103 shares of the industrial products company's stock valued at $1,032,338,000 after acquiring an additional 127,757 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of Tetra Tech by 2.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 14,018,887 shares of the industrial products company's stock valued at $558,512,000 after purchasing an additional 381,437 shares in the last quarter. Sarasin & Partners LLP acquired a new position in shares of Tetra Tech in the first quarter valued at $144,799,000. Amundi raised its stake in shares of Tetra Tech by 2.5% in the fourth quarter. Amundi now owns 4,873,176 shares of the industrial products company's stock valued at $194,314,000 after purchasing an additional 117,304 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Tetra Tech by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 4,729,696 shares of the industrial products company's stock valued at $188,487,000 after purchasing an additional 13,616 shares in the last quarter. Institutional investors own 93.89% of the company's stock.

Analysts Set New Price Targets

TTEK has been the subject of a number of recent research reports. KeyCorp upped their target price on Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Maxim Group lowered 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 note on Thursday, May 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $41.00.

Tetra Tech Price Performance

Tetra Tech stock traded down $0.32 during mid-day trading on Friday, hitting $35.19. 4,048,718 shares of the company were exchanged, compared to its average volume of 2,125,258. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average of $33.71 and a 200 day moving average of $34.41. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $51.20. The company has a market capitalization of $9.27 billion, a PE ratio of 51.15 and a beta of 0.95.

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

Tetra Tech Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were paid a $0.065 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This is a positive change from Tetra Tech's previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.74%. Tetra Tech's dividend payout ratio (DPR) is 37.68%.

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.