SFE Investment Counsel Purchases 55,393 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

SFE Investment Counsel grew its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 190.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 84,441 shares of the industrial products company's stock after acquiring an additional 55,393 shares during the period. SFE Investment Counsel's holdings in Tetra Tech were worth $2,470,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Chilton Capital Management LLC acquired a new position in shares of Tetra Tech during the first quarter valued at about $25,000. Caption Management LLC purchased a new stake in shares of Tetra Tech in the fourth quarter worth $40,000. MassMutual Private Wealth & Trust FSB increased its stake in Tetra Tech by 734.2% in the first 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 during the last quarter. Johnson Financial Group Inc. purchased a new position in Tetra Tech in the 4th quarter worth $61,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in Tetra Tech during the 4th quarter valued at $63,000. Institutional investors own 93.89% of the company's stock.

Analyst Ratings Changes

TTEK has been the subject of several research analyst reports. Robert W. Baird lifted 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. 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. Finally, Maxim Group downgraded 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's stock. Based on data from MarketBeat, Tetra Tech presently has an average rating of "Hold" and an average target price of $41.00.

Tetra Tech Trading Up 0.1%

Shares of NASDAQ:TTEK traded up $0.03 during mid-day trading on Friday, reaching $38.30. 1,463,976 shares of the company were exchanged, compared to its average volume of 1,568,313. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20. The firm's 50-day simple moving average is $36.06 and its 200 day simple moving average is $33.77. The firm has a market cap of $10.09 billion, a price-to-earnings ratio of 55.67 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 (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 (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.05 billion. Tetra Tech had a net margin of 3.44% and a return on equity of 23.31%. The business's revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. Equities research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.065 per share. This is a boost from Tetra Tech's previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Friday, May 23rd. Tetra Tech's dividend payout ratio is 37.68%.

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.