Lbp Am Sa Boosts Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

LBP AM SA increased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 46.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,112 shares of the industrial products company's stock after acquiring an additional 20,751 shares during the period. LBP AM SA's holdings in Tetra Tech were worth $1,905,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Chilton Capital Management LLC bought a new position in shares of Tetra Tech in the first quarter worth approximately $25,000. Jones Financial Companies Lllp lifted 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 buying an additional 495 shares in the last quarter. Caption Management LLC bought a new position in shares of Tetra Tech in the fourth quarter worth approximately $40,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Tetra Tech in the fourth quarter worth approximately $63,000. Finally, Johnson Financial Group Inc. bought a new position in Tetra Tech during the fourth quarter valued at approximately $61,000. Institutional investors own 93.89% of the company's stock.

Tetra Tech Stock Performance

TTEK stock traded up $0.65 during midday trading on Monday, reaching $37.24. 1,471,884 shares of the company's stock traded hands, compared to its average volume of 2,544,040. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20. The stock has a market cap of $9.81 billion, a P/E ratio of 54.13 and a beta of 0.94. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.49. The stock's 50-day moving average is $35.31 and its 200 day moving average is $33.81.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. The business had revenue of $1.10 billion during 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 firm's revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. As a group, analysts anticipate 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. 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 boost 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 0.70%. Tetra Tech's dividend payout ratio is 37.68%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TTEK. Maxim Group downgraded shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. KeyCorp increased their price objective 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $41.00.

Tetra Tech 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.