Moran Wealth Management LLC cut its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 7.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 198,893 shares of the industrial products company's stock after selling 16,365 shares during the quarter. Moran Wealth Management LLC owned about 0.07% of Tetra Tech worth $5,818,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Oregon Public Employees Retirement Fund raised its stake in shares of Tetra Tech by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company's stock worth $2,172,000 after purchasing an additional 400 shares in the last quarter. Farther Finance Advisors LLC raised its stake 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 worth $160,000 after purchasing an additional 461 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Tetra Tech by 9.7% during the 1st quarter. Fifth Third Bancorp now owns 5,351 shares of the industrial products company's stock worth $157,000 after purchasing an additional 475 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Tetra Tech by 98.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock worth $40,000 after purchasing an additional 495 shares in the last quarter. Finally, TT International Asset Management LTD raised its stake in shares of Tetra Tech by 3.1% during the 1st quarter. TT International Asset Management LTD now owns 16,993 shares of the industrial products company's stock worth $497,000 after purchasing an additional 515 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.
Tetra Tech Stock Performance
TTEK traded down $0.41 during trading hours on Friday, reaching $35.64. The company's stock had a trading volume of 2,886,095 shares, compared to its average volume of 2,134,497. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $51.20. The company's 50-day moving average is $34.27 and its 200-day moving average is $34.17. 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 firm has a market cap of $9.39 billion, a PE ratio of 51.80 and a beta of 0.95.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share 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 analysts' expectations of $1.05 billion. Tetra Tech had a return on equity of 23.31% and a net margin of 3.44%. The company's quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. On average, equities analysts forecast 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. Shareholders of record on Friday, May 23rd were given a dividend of $0.065 per share. This is a boost from Tetra Tech's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.26 annualized dividend and a yield of 0.73%. Tetra Tech's dividend payout ratio (DPR) is presently 37.68%.
Analyst Ratings Changes
TTEK has been the topic of a number of research analyst reports. KeyCorp increased their price target on Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Robert W. Baird increased their price target on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Maxim Group cut Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Tetra Tech has a consensus rating of "Hold" and a consensus target price of $41.00.
View Our Latest Analysis on Tetra Tech
About Tetra Tech
(
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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