Tetra Tech, Inc. (NASDAQ:TTEK) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 48.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,181 shares of the industrial products company's stock after acquiring an additional 23,910 shares during the quarter. Exchange Traded Concepts LLC's holdings in Tetra Tech were worth $2,141,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Relyea Zuckerberg Hanson LLC grew its stake in shares of Tetra Tech by 1.6% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 77,665 shares of the industrial products company's stock worth $2,272,000 after purchasing an additional 1,205 shares in the last quarter. Osprey Private Wealth LLC grew its stake in shares of Tetra Tech by 26.6% during the first quarter. Osprey Private Wealth LLC now owns 216,250 shares of the industrial products company's stock worth $6,325,000 after purchasing an additional 45,400 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Tetra Tech by 9.7% during the first quarter. Fifth Third Bancorp now owns 5,351 shares of the industrial products company's stock worth $157,000 after purchasing an additional 475 shares in the last quarter. Sarasin & Partners LLP acquired a new position in shares of Tetra Tech during the first quarter worth $135,386,000. Finally, Terra Alpha Investments LLC boosted its stake in Tetra Tech by 4.8% in the first quarter. Terra Alpha Investments LLC now owns 49,164 shares of the industrial products company's stock valued at $1,438,000 after acquiring an additional 2,242 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

Tetra Tech Stock Performance

Shares of TTEK traded down $0.18 during mid-day trading on Thursday, hitting $35.51. 1,422,461 shares of the company's stock were exchanged, compared to its average volume of 2,123,250. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $9.36 billion, a P/E ratio of 51.61 and a beta of 0.95. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $51.20. The business's 50 day moving average is $33.61 and its two-hundred day moving average is $34.51.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. The firm had revenue of $1.10 billion during 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 firm's revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. On average, equities 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 $0.065 dividend. The ex-dividend date was Friday, May 23rd. This represents a $0.26 dividend on an annualized basis and a yield of 0.73%. This is an increase from Tetra Tech's previous quarterly dividend of $0.06. Tetra Tech's dividend payout ratio (DPR) is presently 37.68%.

Wall Street Analyst Weigh In

TTEK has been the topic of several research reports. KeyCorp raised 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. Robert W. Baird raised their price objective on Tetra Tech from $31.00 to $33.00 and gave the stock 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 report on Friday, April 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus 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.