Lbp Am Sa Acquires 20,751 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

LBP AM SA grew its position 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. The fund owned 65,112 shares of the industrial products company's stock after buying an additional 20,751 shares during the quarter. LBP AM SA's holdings in Tetra Tech were worth $1,905,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Praxis Investment Management Inc. acquired a new stake in Tetra Tech in the 1st quarter valued at $348,000. Cambridge Investment Research Advisors Inc. grew its position in Tetra Tech by 39.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company's stock worth $541,000 after buying an additional 5,275 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Tetra Tech by 259.3% during the 1st quarter. SG Americas Securities LLC now owns 46,406 shares of the industrial products company's stock worth $1,357,000 after purchasing an additional 33,491 shares in the last quarter. Summit Trail Advisors LLC acquired a new position in shares of Tetra Tech in the 1st quarter valued at approximately $590,000. Finally, Catalyst Capital Advisors LLC lifted its stake in Tetra Tech by 16.2% during the first quarter. Catalyst Capital Advisors LLC now owns 72,960 shares of the industrial products company's stock worth $2,134,000 after purchasing an additional 10,159 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Trading Up 0.2%

NASDAQ:TTEK traded up $0.07 during mid-day trading on Friday, reaching $36.59. 1,672,690 shares of the company's stock traded hands, compared to its average volume of 2,138,803. 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 firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 53.18 and a beta of 0.94. The company has a 50 day moving average price of $35.31 and a 200-day moving average price of $33.90.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its 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 firm had revenue of $1.10 billion for 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%. The business's revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. On average, sell-side analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.065 per share. 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 yield of 0.71%. Tetra Tech's dividend payout ratio (DPR) is currently 37.68%.

Wall Street Analysts Forecast Growth

TTEK has been the subject of a number of recent research reports. Robert W. Baird upped their target price on Tetra Tech from $31.00 to $33.00 and gave the stock a "neutral" rating in a report 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 lifted their price objective on shares of Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Tetra Tech presently has an average rating of "Hold" and a consensus target price 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.