Summit Trail Advisors LLC Invests $590,000 in Tetra Tech, Inc. (NASDAQ:TTEK)

Summit Trail Advisors LLC bought a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,157 shares of the industrial products company's stock, valued at approximately $590,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TTEK. Jones Financial Companies Lllp increased its position in 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. Caption Management LLC bought a new stake in shares of Tetra Tech during the fourth quarter worth $40,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Tetra Tech during the fourth quarter worth $63,000. Johnson Financial Group Inc. bought a new position in shares of Tetra Tech in the 4th quarter valued at $61,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Tetra Tech by 734.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,685 shares of the industrial products company's stock valued at $49,000 after acquiring an additional 1,483 shares in the last quarter. Institutional investors own 93.89% of the company's stock.

Tetra Tech Stock Up 0.7%

Shares of NASDAQ TTEK traded up $0.25 during trading on Thursday, hitting $36.85. 575,256 shares of the company traded hands, compared to its average volume of 2,120,448. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 53.71 and a beta of 0.94. The business's fifty day moving average is $34.61 and its 200 day moving average is $34.11. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.10 and a current ratio of 1.10. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share 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 business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business earned $0.28 EPS. The firm's revenue for the quarter was up 25.9% on a year-over-year basis. Equities research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share 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 paid 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 0.71%. Tetra Tech's dividend payout ratio is presently 37.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TTEK shares. Robert W. Baird increased 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. Maxim Group lowered shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, KeyCorp boosted their target price on shares of 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 given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $41.00.

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.