GHP Investment Advisors Inc. Increases Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

GHP Investment Advisors Inc. grew its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 207,351 shares of the industrial products company's stock after buying an additional 11,670 shares during the period. GHP Investment Advisors Inc. owned 0.08% of Tetra Tech worth $6,065,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in shares of 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 in the last quarter. Caption Management LLC acquired a new position in shares of Tetra Tech in the 4th quarter valued at $40,000. Blue Trust Inc. boosted its holdings in shares of Tetra Tech by 235.8% in the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock valued at $58,000 after buying an additional 1,014 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Tetra Tech in the 4th quarter valued at $63,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Tetra Tech by 171.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,644 shares of the industrial products company's stock valued at $65,000 after buying an additional 1,039 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Maxim Group downgraded shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, KeyCorp upped their price target on shares of Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Tetra Tech presently has a consensus rating of "Hold" and a consensus target price of $41.00.

Tetra Tech Stock Performance

TTEK stock traded down $0.41 on Friday, hitting $35.64. The company's stock had a trading volume of 2,886,095 shares, compared to its average volume of 2,134,497. The firm has a 50 day moving average of $34.27 and a two-hundred day moving average of $34.17. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 51.80 and a beta of 0.95. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.49.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.33 EPS 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 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 for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. Equities analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were given a dividend of $0.065 per share. The ex-dividend date was Friday, May 23rd. This represents a $0.26 dividend on an annualized basis and a yield of 0.73%. This is an increase from Tetra Tech's previous quarterly dividend of $0.06. Tetra Tech's dividend payout ratio is presently 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.