GHP Investment Advisors Inc. boosted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 207,351 shares of the industrial products company's stock after purchasing an additional 11,670 shares during the period. GHP Investment Advisors Inc. owned about 0.08% of Tetra Tech worth $6,065,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. lifted its holdings in Tetra Tech by 39.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company's stock worth $541,000 after purchasing an additional 5,275 shares in the last quarter. TT International Asset Management LTD increased its holdings in shares of Tetra Tech by 3.1% in the first quarter. TT International Asset Management LTD now owns 16,993 shares of the industrial products company's stock worth $497,000 after buying an additional 515 shares during the period. Praxis Investment Management Inc. purchased a new stake in shares of Tetra Tech during the first quarter worth about $348,000. State of Alaska Department of Revenue raised its holdings in Tetra Tech by 2.9% in the 1st quarter. State of Alaska Department of Revenue now owns 31,410 shares of the industrial products company's stock worth $918,000 after purchasing an additional 885 shares in the last quarter. Finally, Insigneo Advisory Services LLC raised its position in shares of Tetra Tech by 36.7% in the 1st quarter. Insigneo Advisory Services LLC now owns 8,686 shares of the industrial products company's stock worth $254,000 after acquiring an additional 2,332 shares in the last quarter. Institutional investors own 93.89% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. KeyCorp upped their price target on Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Maxim Group downgraded shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Robert W. Baird lifted their price target on Tetra Tech from $31.00 to $33.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Three 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, the company has a consensus rating of "Hold" and a consensus price target of $41.00.
View Our Latest Stock Analysis on TTEK
Tetra Tech Price Performance
Shares of NASDAQ TTEK traded up $0.26 during mid-day trading on Wednesday, reaching $35.99. The company's stock had a trading volume of 2,858,130 shares, compared to its average volume of 2,124,750. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $51.20. The stock has a market capitalization of $9.48 billion, a P/E ratio of 52.31 and a beta of 0.95. 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 stock has a 50-day moving average of $33.92 and a two-hundred day moving average of $34.31.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.05 billion. Tetra Tech had a net margin of 3.44% and a return on equity of 23.31%. The business's quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. On average, equities research analysts anticipate 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. Investors of record on Friday, May 23rd were paid a $0.065 dividend. This is a boost 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 dividend yield of 0.72%. Tetra Tech's dividend payout ratio (DPR) is 37.68%.
Tetra Tech Profile
(
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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