Robeco Schweiz AG increased its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 30.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,192,116 shares of the industrial products company's stock after purchasing an additional 742,241 shares during the quarter. Tetra Tech accounts for 2.3% of Robeco Schweiz AG's portfolio, making the stock its 6th largest position. Robeco Schweiz AG owned about 1.19% of Tetra Tech worth $93,369,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Praxis Investment Management Inc. bought a new position in shares of Tetra Tech during the 1st quarter valued at $348,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Tetra Tech by 39.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company's stock valued at $541,000 after acquiring an additional 5,275 shares during the period. SG Americas Securities LLC lifted its holdings in Tetra Tech by 259.3% in the first quarter. SG Americas Securities LLC now owns 46,406 shares of the industrial products company's stock valued at $1,357,000 after acquiring an additional 33,491 shares during the period. Summit Trail Advisors LLC purchased a new position in Tetra Tech in the first quarter worth about $590,000. Finally, Catalyst Capital Advisors LLC grew its stake in shares of Tetra Tech by 16.2% during the 1st quarter. Catalyst Capital Advisors LLC now owns 72,960 shares of the industrial products company's stock valued at $2,134,000 after purchasing an additional 10,159 shares during the period. Institutional investors own 93.89% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on TTEK. Maxim Group cut shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird increased their price target on shares of 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 boosted their price objective on shares of Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $41.00.
Get Our Latest Analysis on TTEK
Tetra Tech Stock Performance
Shares of TTEK stock traded up $0.07 during trading hours on Friday, reaching $36.59. 1,672,690 shares of the company traded hands, compared to its average volume of 2,144,168. The firm has a 50-day moving average price of $35.31 and a 200 day moving average price of $33.86. The company has a market cap of $9.64 billion, a P/E ratio of 53.18 and a beta of 0.94. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.10 and a quick ratio of 1.10. Tetra Tech, Inc. has a 12-month low of $27.27 and a 12-month high of $51.20.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly 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. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.05 billion. Tetra Tech had a net margin of 3.44% and a return on equity of 23.31%. The company's revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. As a group, sell-side analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.
Tetra Tech Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, May 23rd. This is a boost from Tetra Tech's previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a yield of 0.71%. Tetra Tech's dividend payout ratio (DPR) is currently 37.68%.
Tetra Tech Profile
(
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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