Isthmus Partners LLC Has $3.13 Million Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Isthmus Partners LLC increased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 12.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 106,927 shares of the industrial products company's stock after acquiring an additional 11,432 shares during the period. Isthmus Partners LLC's holdings in Tetra Tech were worth $3,128,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TTEK. Farther Finance Advisors LLC raised its position in shares of Tetra Tech by 13.0% during the 4th quarter. Farther Finance Advisors LLC now owns 4,009 shares of the industrial products company's stock valued at $160,000 after buying an additional 461 shares during the period. Fifth Third Bancorp grew its stake in shares of Tetra Tech by 9.7% in the first quarter. Fifth Third Bancorp now owns 5,351 shares of the industrial products company's stock worth $157,000 after acquiring an additional 475 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Tetra Tech by 98.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock worth $40,000 after acquiring an additional 495 shares in the last quarter. TT International Asset Management LTD grew its stake 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 acquiring an additional 515 shares in the last quarter. Finally, Xponance Inc. grew its stake in shares of Tetra Tech by 1.6% during the first quarter. Xponance Inc. now owns 43,677 shares of the industrial products company's stock worth $1,278,000 after purchasing an additional 674 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on TTEK. Robert W. Baird upped their price objective 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. Maxim Group cut shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, KeyCorp upped their target price on shares of Tetra Tech from $34.00 to $41.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $41.00.

Tetra Tech Stock Performance

Shares of NASDAQ:TTEK traded up $0.07 during trading on Friday, reaching $36.59. 1,672,690 shares of the company's stock traded hands, compared to its average volume of 2,144,168. 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, Inc. has a 12 month low of $27.27 and a 12 month high of $51.20. The company has a 50 day moving average of $35.31 and a 200-day moving average of $33.86. The stock has a market capitalization of $9.64 billion, a P/E ratio of 53.18 and a beta of 0.94.

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 for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. Tetra Tech had a net margin of 3.44% and a return on equity of 23.31%. The company 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 business posted $0.28 EPS. The business's revenue for the quarter was up 25.9% compared to the same quarter last year. On average, equities analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Increases Dividend

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