Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lifted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 29.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 784,719 shares of the industrial products company's stock after acquiring an additional 180,567 shares during the period. Segall Bryant & Hamill LLC owned 0.29% of Tetra Tech worth $22,953,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTEK. Chilton Capital Management LLC purchased a new stake in shares of Tetra Tech during the first quarter worth about $25,000. Jones Financial Companies Lllp lifted its position in Tetra Tech by 98.0% during 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 during the period. Caption Management LLC acquired a new stake in Tetra Tech in the 4th quarter worth about $40,000. MassMutual Private Wealth & Trust FSB boosted its stake in Tetra Tech by 734.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,685 shares of the industrial products company's stock worth $49,000 after buying an additional 1,483 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in Tetra Tech in the 4th quarter valued at about $61,000. Hedge funds and other institutional investors own 93.89% of the company's stock.

Tetra Tech Stock Up 2.3%

Shares of TTEK traded up $0.87 during mid-day trading on Thursday, reaching $38.01. 1,154,347 shares of the stock traded hands, compared to its average volume of 2,138,511. The stock has a fifty day simple moving average of $35.69 and a 200 day simple moving average of $33.84. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 55.28 and a beta of 0.94. Tetra Tech, Inc. has a 12-month low of $27.27 and a 12-month high of $51.20. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.49.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. Tetra Tech had a return on equity of 23.31% and a net margin of 3.44%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm earned $0.28 earnings per share. The company's revenue was up 25.9% on a year-over-year basis. Sell-side analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were given a $0.065 dividend. This is a positive change 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 dividend yield of 0.68%. Tetra Tech's dividend payout ratio (DPR) is presently 37.68%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. KeyCorp raised 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. Robert W. Baird lifted their target price on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, Maxim Group lowered Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Tetra Tech presently has an average rating of "Hold" and an average target price of $41.00.

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.