South Dakota Investment Council Has $3.16 Million Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

South Dakota Investment Council lifted its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 7.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,070 shares of the industrial products company's stock after purchasing an additional 7,800 shares during the period. South Dakota Investment Council's holdings in Tetra Tech were worth $3,161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp increased its position in shares of Tetra Tech by 9.7% in the 1st quarter. Fifth Third Bancorp now owns 5,351 shares of the industrial products company's stock valued at $157,000 after buying an additional 475 shares in the last quarter. TT International Asset Management LTD grew its stake in Tetra Tech by 3.1% in the first quarter. TT International Asset Management LTD now owns 16,993 shares of the industrial products company's stock valued at $497,000 after acquiring an additional 515 shares during the period. Cullen Frost Bankers Inc. increased its holdings in shares of Tetra Tech by 30.9% in the first quarter. Cullen Frost Bankers Inc. now owns 2,335 shares of the industrial products company's stock worth $68,000 after acquiring an additional 551 shares in the last quarter. Xponance Inc. raised its position in shares of Tetra Tech by 1.6% during the first quarter. Xponance Inc. now owns 43,677 shares of the industrial products company's stock worth $1,278,000 after purchasing an additional 674 shares during the period. Finally, Fiduciary Trust Co raised its position in shares of Tetra Tech by 7.6% during the fourth quarter. Fiduciary Trust Co now owns 9,888 shares of the industrial products company's stock worth $394,000 after purchasing an additional 698 shares during the period. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Stock Up 0.4%

TTEK opened at $38.17 on Friday. The stock's fifty day simple moving average is $35.81 and its 200 day simple moving average is $33.77. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $51.20. The stock has a market cap of $10.06 billion, a PE ratio of 55.48 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.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.05 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. The business's revenue was up 25.9% on a year-over-year basis. As a group, research analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors 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 was Friday, May 23rd. This represents a $0.26 annualized dividend and a yield of 0.68%. Tetra Tech's dividend payout ratio is currently 37.68%.

Analysts Set New Price Targets

Several research firms recently commented on TTEK. Maxim Group cut shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Robert W. Baird upped their price objective on Tetra Tech from $31.00 to $33.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, KeyCorp increased their price objective on Tetra Tech from $34.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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.

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