Tetra Tech, Inc. $TTEK Shares Purchased by National Bank of Canada FI

National Bank of Canada FI grew its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 50.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 212,462 shares of the industrial products company's stock after buying an additional 71,223 shares during the quarter. National Bank of Canada FI owned 0.08% of Tetra Tech worth $6,214,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TTEK. Praxis Investment Management Inc. bought a new position in shares of Tetra Tech in the 1st quarter worth $348,000. Cambridge Investment Research Advisors Inc. raised its position in shares of Tetra Tech by 39.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company's stock worth $541,000 after acquiring an additional 5,275 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Tetra Tech by 259.3% in the 1st quarter. SG Americas Securities LLC now owns 46,406 shares of the industrial products company's stock worth $1,357,000 after acquiring an additional 33,491 shares in the last quarter. Summit Trail Advisors LLC purchased a new position in Tetra Tech in the first quarter worth $590,000. Finally, Catalyst Capital Advisors LLC grew its holdings in Tetra Tech by 16.2% in 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 hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. KeyCorp lifted their price target on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Robert W. Baird upped their target price on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen raised Tetra Tech from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.67.

Insider Transactions at Tetra Tech

In related news, Director Gary Birkenbeuel sold 2,390 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total transaction of $86,040.00. Following the completion of the transaction, the director directly owned 37,725 shares in the company, valued at $1,358,100. The trade was a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by corporate insiders.

Tetra Tech Stock Down 0.7%

NASDAQ:TTEK traded down $0.25 during mid-day trading on Monday, hitting $35.55. 422,473 shares of the company's stock traded hands, compared to its average volume of 2,433,233. The company has a fifty day moving average of $36.57 and a 200 day moving average of $33.29. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The company has a market capitalization of $9.34 billion, a P/E ratio of 44.44 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%. The company's revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.59 earnings per share. On average, analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.065 per share. The ex-dividend date is Friday, August 15th. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. Tetra Tech's payout ratio is currently 32.50%.

About Tetra Tech

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.